These are digital money boxes where you can set aside money for your future projects. You can create as many as you like, of any type.
There are two types of money boxes: Remunerated and Standard.
Remunerated Money Box – Annualised Yield*
The Remunerated Money Box allows you to start saving with any amount and grow your savings over time through a low-risk investment fund. However, it’s important to remember that capital is at risk and returns are not guaranteed.
When we refer to annualised yield, we mean the Yield to Maturity (YTM), which is always communicated net of the fund’s cost. This figure is purely indicative, does not represent a guarantee of future returns, and is not a guaranteed minimum return. It is based on current market conditions at the time of calculation, is periodically updated according to market changes, and reflects a short-term investment horizon. The YTM is the weighted average yield to maturity of the securities in which the money market fund invests, net of fund costs. The calculation assumes the following conditions are met: 1) holding the securities until maturity or until the next interest rate revision (in case of floating-rate bonds); 2) reinvestment of any income flows at the same YTM rate; 3) punctual payment of the income flows (capital repayments, coupons, etc.). The yield is annualised because it is calculated on a portfolio with a very short Weighted Average Maturity. We recommend reviewing the fund’s Prospectus and KID before making any final investment decision. They are available on www.amundi.it and in the App.
Standard Money Box**
The Standard Money Box is a simple and flexible tool to save in a personalised way. You can add or withdraw money at any time, with no delays or restrictions. You can customise it with a name and photo, and even involve friends to save together for a common goal. There are no limits on how many money boxes you can create, and most importantly, there’s no risk: the money remains always available and is not invested.
*Service offered by Satispay Invest S.A., an investment firm authorized and regulated by the Commission de Surveillance du Secteur Financier (no. P00000555).
**Service offered by Satispay Europe S.A. Istituto di Moneta Elettronica autorizzato e regolato dalla Commission de Surveillance du Secteur Financier, N. W00000010.