fundo do mercado monetário
Published 8 November 2026, 22:51
fundo do mercado monetário (money market fund)
A fund that keeps money in the shortest-term, safest debt instruments — treasury bills and deposits of a few days or weeks. The return stays close to the central bank rate, fluctuations are small, and you can usually withdraw your money on any day. These are the funds that broker apps move your cash balance into when it can't all be placed on deposit at their partner bank.
Where you come across it. A broker app's terms on interest on cash balances, the ‘where your money is held’ section, banks' offers of short-term investments.
It is not a deposit, and the €100,000 deposit guarantee does not cover this money. The fund units are registered in your name and held separately from the company's assets, but the market risk is yours, and the state will not compensate any losses. Returns from the fund are not deposit interest either: tax of 28% is due on the income, and it is not always withheld at source.