@wrennelson143 Why use T212 as an intermediary when you could just buy a MMF fund yourself? Doing it this way seems to add an extra middleman, and probably extra risk, and I can't see the benefit of it
@celticsong22 Also curious about this. I thought MMFS like XEON try to replicate the euro short term rate, which is 3.9% right now. But if it's 4.2 at Trading212 I'm not sure
@sam1 Exactly this. Actually I own XEON on trading 212 and some things that are noteworthy: this is an exchange traded product so 1. the price fluctuates a bit; 2 there’s some spread; 3; they handle taxes their own way
@wrennelson143 An MMF always invests in term deposits/ultrashort bonds, t-bills and so on. Remember this is a short term parking spot for your cash reserve I would say max 6M.
@wrennelson143 But do you know what security there is on those funds and liquidity on that broker? I don't think it has the same guarantees as a savings account