Money market UBS is a type of investment account offered by UBS, a Swiss multinational financial services company.
UBS's money market account is designed for individuals and businesses to earn a low-risk return on their cash deposits.
It works by pooling funds from multiple investors to invest in low-risk, short-term debt securities, such as commercial paper and treasury bills.
These investments typically have maturities of less than a year, allowing investors to access their funds quickly if needed.
UBS's money market account often comes with features like check-writing and debit cards, making it easy to manage your funds on the go.
Money Market UBS
UBS offers a range of money market products, including the UBS Money Market Fund, which has a low minimum investment requirement of $1,000.
This fund invests in a diversified portfolio of high-quality, short-term debt securities, aiming to provide liquidity and preserve capital.
UBS also offers a money market account, which allows investors to earn interest on their deposits, with a minimum balance requirement of $100.
The UBS Money Market Fund has a low expense ratio of 0.12%, making it a cost-effective option for investors seeking to earn a return on their cash.
Investors can access their money market account online or through the UBS mobile app, 24/7.
The UBS Money Market Fund has a 4-star rating from Morningstar, indicating a strong overall performance.
Frequently Asked Questions
What is the 1 day yield on the money market?
The 1-Day Yield is the annualized net yield for a single day, calculated by multiplying the daily dividend factor by 36,500. It represents the daily return on investment, annualized for easier comparison.
What is the interest rate for UBS cash savings?
As of March 23, 2023, the APY for UBS cash savings is 4.90%. Interest rates may be tiered based on eligible deposits in related accounts after the promotional period ends.
What are money market fund rates right now?
Here are the current money market fund rates: Quontic Bank offers the highest rate at 5.00% APY, followed by Brilliant Bank at 4.85% APY.
What is the 7 day yield on a money market fund?
The 7-Day Yield is the annualized return on a money market fund over a 7-day period, not including reinvested interest. It reflects the actual income paid out, minus any applicable fees or waivers.
What is the average rate of return on money market funds?
Average money market rates range from 0.01% to 4.25% APY, varying with account balance. Check your balance to see how much you can earn.
Sources
- https://www.morningstar.co.uk/uk/funds/snapshot/snapshot.aspx
- https://www.morningstarfunds.ie/ie/funds/snapshot/snapshot.aspx
- https://www.forbes.com/sites/sergeiklebnikov/2024/11/13/this-2-billion-ubs-team-pushing-bonds-over-equities/
- https://www.swissfunddata.ch/sfdpub/en/funds/show/73746
- https://blockworks.co/news/ubs-switzerland-tokenized-fund-ethereum
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