# Easy access, high interest Vaults

Put your money to work. This is an investment product with variable rates.

When you invest, your capital is at risk

3.82% AER

Lightyear Vaults follow the Bank of England interest rate and offer easy access withdrawals. Your money is held by Blackrock, the world’s largest asset manager.

### Follows the

Benchmarked against the Bank of England’s variable overnight interest rate, which is calculated daily.

### Managed by

Looked after by BlackRock, the world’s largest asset manager, with over $10 trillion under management globally.

### No minimums

From £1 to infinity. We don’t limit the amount of money you can add to your Vaults.

## Managed by BlackRock

Your money is held in BlackRock’s low-risk Money Market Funds.

### Held in AAA rated, low-risk funds

Your money will be held in a low-risk, interest-paying fund that is managed by BlackRock.

### Managed by BlackRock

BlackRock is the world’s largest asset manager, with over $10 trillion managed for people and businesses across the world.

## It doesn’t stop there

From fast withdrawal times to monthly interest payments — we’ve got you covered.

### Interest earned daily, paid monthly

You’ll start earning interest daily from the moment your money has been deposited.

### Available in Pounds, Euros and Dollars

Just like the rest of Lightyear, your Vaults are multi-currency — giving you more control of your money.

### Light speed withdrawals

Most withdrawals happen instantly back into your Lightyear Cash account. In rare cases, your withdrawal will be processed the next business day.

## Protection and regulation

Trusting us with your investments is something we don’t take for granted.

### Regulated and insured

- Regulated by the FCA: We're authorised and regulated by the Financial Conduct Authority ([FRN 987226](https://register.fca.org.uk/s/firm?id=0014G000034WTPOQA4)).

- FSCS protection: Lightyear is protected by the Financial Services Compensation Scheme (FSCS). FSCS deposit protection applies to client money only where held with UK banks, not where held in QMMFs. [Learn more here](/help/deposits-conversions-and-withdrawals/how-are-my-assets-protected).

### Safeguarding your assets

- We safeguard your cash: Customer funds are held in a mix of Citibank and NatWest bank deposits and AAA-rated Qualifying Money Market Funds. Your money is always kept separate from ours. FSCS protection applies to client money only where held with banks, not where held in QMMFs. [Learn more here](/help/deposits-conversions-and-withdrawals/how-are-my-assets-protected).

- Your assets are yours, no one else's: You are the beneficial owner of all your investments, and your assets are held in separate accounts. Your assets can't be touched by our creditors and in the unlikely event of Lightyear's insolvency, everything is returned to you.

## Questions a curious person might ask

### Are there fees?

The rate shown (**3.82% AER**) is what you get after the fee of 0.20%, compounded monthly over a year. The fund’s current 1-day yield is 3.95%. 

3.95% - 0.20% fees = 3.75% (**3.82%** when compounded).

### What is a Money Market Fund?

A Money Market Fund is a low-risk investment that aims to give you a slightly higher return than cash. Unlike most funds that invest in bonds or shares, it invests in short-term debt.

This short-term debt is bought from by governments, banks and companies with strong balance sheets and high credit ratings. In exchange, they pay interest to the fund.

Lightyear Vaults allows you to invest in Money Market Funds. As with all investments, the value can go up as well as down. The yield generated by these funds changes daily and may also move in an unfavourable direction.
 
The prospectuses and Key Information Documents of these funds are available in our app and website, and on BlackRock’s website.

### Who are BlackRock?

BlackRock is the world’s largest asset manager, with over $10 trillion managed for people and businesses across the world.

### What countries is Savings available in?

Savings is available in Austria, Denmark, Estonia, Finland, France, Germany, Hungary, Italy, Latvia, Lithuania (EUR only), Luxembourg, Malta, Netherlands, Spain, Sweden, and the UK through BlackRock.

Through J.P. Morgan Asset Management, the product is available in Bulgaria, Croatia, Cyprus, Greece, Ireland, Portugal, Slovakia and Slovenia.

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Canonical: https://lightyear.com/en-gb/vaults