N26 launches a money market fund

N26 has expanded its investment portfolio with the Flexible Cash Fund, a money market fund managed by Fidelity International. Targeting users who want to park cash short-term with better returns than a current account, it offers a variable target yield of up to 2.1% per year.

N26 today introduced the new Flexible Cash Fund, an investment product designed for customers seeking potential yield opportunities with limited risk and simple, flexible access.The launch further expands N26’s investment suite by offering access to Money Market Funds, complementing N26 Stocks & ETFs and N26 Crypto, and enabling customers to diversify their portfolios directly within the app.

Key features include:

. A variable market-aligned yield with an average target return of up to 2.1%* p.a.

. Low barriers to entry, starting from €1 in deposits

. High flexibility, with deposits and withdrawals possible at any time with no transaction fees or restrictions

. Diversified exposure to short-term, high-quality money market instruments

. Daily accrual of value with transparent portfolio development

The Flexible Cash Fund will be available at launch to both new and existing N26 Metal customers in Austria, Denmark, Estonia, Finland, France, Germany, Greece, Ireland, Latvia, Lithuania, Netherlands, Norway, Poland, Portugal, Slovakia, Slovenia and Spain with a personal N26 account.

N26 is Europe’s leading digital bank with a German banking license. It offers simple, secure and customer-friendly mobile banking to millions of customers in 24 markets across Europe. N26 processes over 140bn EUR in transactions a year and currently has a 1,600 team of more than 90 nationalities. The company is headquartered in Berlin, with offices in multiple cities across Europe, including Vienna, Paris, Milan and Barcelona.