DNB Money Market Fund
DNB Money Market Fund – a minor risk investment fund with target investment into short-term bonds and term deposits (not longer than 1 year) in various banks.
Investment Horizon. We recommend at least 1 week and up to 1 year, but the period is not pre-fixed in advance, funds can be withdrawn at any time. Clients receive their money in 3 working days, if the amount exceeds LTL 1 million – in 5 working days.
The fund is nice alternative for current deposits because of:
- Expected annual return is higher than in current deposit;
- Withdrawing the funds earlier than expected, the generated return is not lost (as it would be in term deposit case).
The fund has a unique feature of automatic investment into fund from the bank current account if money amount in the current account exceeds indicated residual amount in the account. And vice versa – if money in the account is less than minimum threshold, the relevant amount from the fund is transferred back to the account to maintain required liquidity. A customer is required to sign a multi purchase-sales application form.
