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Returns and fees in your Flexible Cash Funds are calculated every day using the Annual Percentage Yield (APY) applied to the invested principal.

You'll see the returns reflected in your account once it accumulates to more than $0.01 (or the respective currency). Any returns not withdrawn by the end of the month are reinvested on the first business day of the following month, potentially benefiting from compounding.

Returns on your investments start accruing on the day after your funds reach the fund manager. For example, investing €10,000 on a given business day (Day 1) at 09:00 Eastern European Time (EET) into your EUR Flexible Cash Funds with an APY of 3% would mean you'd have €10,001.64 on Day 3:

• Day 1: €10,000
• Day 2: €10,000 + (€10,000 X 3%/365) = €10,000.82
• Day 3: €10,000.82 + (€10,000 X 3%/365) = €10,001.64

Returns calculations assume that orders submitted before the 10:00 EET cut-off reach the fund manager on the same day and that the APY remains without variations on Day 2 and Day 3, although it may vary daily.

Opening or closing Flexible Cash Funds incurs no fees. However, an annual service fee is deducted daily from earned returns based on your money market funds holdings.

Fee details are available in our Ex-ante Costs & Charges Disclosure document and can also be found in-app when you tap 'Info' on your Flexible Cash Funds home screen.

Annual Percentage Yield (APY) represents how much returns you'd earn on an amount of money held in an investment for an entire year if the APY would remain constant (which in practice it doesn't, as it changes each day based on the performance of each fund) and after deducting fees.

The APY allows you to compare the returns of different investments.