Mintos is introducing Mintos Smart Cash to help clients with earning up to 3.75% on their cash.
Mintos Smart Cash is described as “a new way for investors to earn attractive returns on cash.”
This new offering from Mintos lets investors “earn returns on their money that would otherwise be sitting in the bank.”
Mintos Smart Cash stands out as “a potentially rewarding investment option, offering a blend of high interest rates, flexibility, and low-volatility investments.”
The money is invested in a fund “with the highest possible rating (AAA) managed by BlackRock.”
Mintos Smart Cash is a cash management solution “that allows you to invest your money in a money market fund.”
Money market funds are “low-risk, highly liquid investments that pay interest. They focus on generating income by investing in safe, short-term securities such as bank deposits and government securities.”
These funds aim to earn money “while keeping your investment stable and easy to withdraw when needed.”
They have historically been available “to corporate clients to manage liquidity, with limited availability for the public.”
Benefits of Mintos Smart Cash:
- High interest rate: Earn up to 3.75% interest on your cash, surpassing traditional overnight bank deposits. According to the European Central Bank, the average interest rate for overnight bank deposits in the EU is 0.39% as of April 2024.
- Maximum flexibility: Withdraw your money any business day. Unlike fixed-term deposits that lock your funds for a specific period, Smart Cash allows same-day withdrawals with no fees or penalties, allowing for maximum flexibility. Whether you’re building an emergency fund, parking money temporarily, or keeping a portion of your wealth liquid, Smart Cash provides the freedom to move your money how you want.
- Low risk investment: Mintos Smart Cash is considered a low-volatility investment. The money is invested in a fund with the highest possible rating (AAA) managed by BlackRock, one of the world’s leading providers of investment, advisory and risk management solutions. The rating of AAA is assigned by the three major rating agencies: S&P, Moody’s, and Fitch.
The money you invest in Mintos Smart Cash “is invested in the BlackRock ICS Euro Liquidity Fund, which is a low volatility net asset value short-term money market fund.”
Mintos Smart Cash bridges the gap “between conservative investing and passive income generation.”
With competitive interest rates, flexibility, and low volatility, it’s “a compelling option for managing your cash holdings within a diversified investment strategy.”
Interest is calculated daily and “added to your available cash at the start of each month.”
The interest income on Mintos Smart Cash depends “on the performance of the underlying money market fund.”
A money market fund (MMF) is “not a guaranteed investment vehicle. An investment in MMFs is different from an investment in deposits. The principal invested in an MMF can fluctuate, and the investor is taking on the risk of losing the principal.”
The MMF does not rely on external support “for guaranteeing the liquidity of the MMF or stabilizing the NAV per share.”
AS Mintos Marketplace is an investment firm licensed and supervised by Latvijas Banka, the central bank of Latvia.
Mintos is a member of the national investor compensation scheme established under EU Directive 97/9/EC.
The scheme protects investors by “providing compensation if Mintos fails to return financial instruments or cash to investors.”
The maximum compensation an investor can “claim under the scheme is 90% of their net loss, up to a maximum of €20 000.”
