Is my money safe with Flexible Accounts?
Through each Flexible Account you invest in a Money Market Fund. This is a low-risk fund that banks and other large corporations commonly use to protect against inflation. Your capital may be at risk in adverse market conditions or in case of Fidelity defaulting. To get a detailed understanding of the risks involved, we recommend reading the fund's Prospectus and Key Information Document available in-app, as well as our Risk Disclosure. These documents can be found in the 'Savings' app under 'Regulatory documents'.
Flexible Account investors should note that a Money Market Fund isn't a guaranteed investment, and an investment in a Money Market Fund is different from a traditional savings account because of the risks involved. Just like with any investment, the value of your investments can go up as well as down.
Your shares in the Money Market Fund you invested are safekept by the depositary and always segregated from the assets of Fidelity and Revolut Securities Europe UAB. They won't be affected if anything were to happen to Revolut Securities Europe UAB, such as bankruptcy.
Although a deposit guarantee scheme doesn't apply to Flexible Accounts, you'll be insured under the Lithuanian Liabilities to Investors Insurance Scheme. This additional insurance on your assets covers up to €22,000 in the unlikely event of the liquidation of Revolut Securities Europe UAB, and failure to protect your assets.You can find more information on our website.