DEGIRO believes that it is important that clients understand how the structure of these Money Market Funds works. DEGIRO is not a bank but an investment firm. In the Netherlands, investment firms are not allowed to hold the money of clients. Therefore, when you become a client of DEGIRO, you give a standing order to invest money into a Money Market Fund. As such, at DEGIRO you do not hold money. For every currency available in the trading platform, a separate Money Market Fund is also available. The objective of a Money Market Fund is to realise a return that is equal to the market interest rate with as low risk as possible. An additional advantage to the low risk, is that your Money Market Fund participations, just like your other investments, are kept strictly separate from the assets of DEGIRO.
Money Market Funds are often used by institutional investors, such as pension funds, to hold large amounts of money in a safe way. Approximately €1 trillion is currently being held in Money Market Funds in Europe (Source).
"The objective of a Money Market Fund is to realise a return that is equal to the market interest rate with as low risk as possible."
Terms and conditions for the €50 transaction fees offer
If you activate your DEGIRO investment account between the 20th of July and the 1st of October 2021, DEGIRO will reimburse your transaction fees up to €50. The following conditions apply to this offer:
Acceptance of offer conditions
By participating in the offer, the client automatically accepts the offer conditions and terms. DEGIRO may terminate the campaign prematurely or change the campaign conditions. DEGIRO will communicate any changes via the website.
Participation in the offer is open to all clients who have activated an account at DEGIRO before the 1st of October 2021.