The rate shown ( 2.20% AER ) is what you get after fees, compounded monthly over a year. Lightyear's annual fee is 0.10%, fund manager fees apply. 2.38% - 0.20% fees = 2.18% ( 2.20% 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 Savings 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 the fund manager’s website.

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.

How is the AER rate calculated?

AER represents the estimated interest rate you earn over the course of a year, taking into account monthly compounding. The interest distribution is paid to your Lightyear account on the 1st business day of every month and is automatically reinvested to the same fund. If you want to disable the auto-reinvesting function, you can do that in the Savings feature in the app .

Money market fundsManaged by J.P. Morgan

Put your money to work in our easy access, high yield Savings, powered by J.P. Morgan Asset Management.

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When you invest, your capital is at risk

2.20

%AER

Euros Dollars Pounds

Low risk

Managed by J.P. Morgan

Your money is segregated from Lightyear assets at all times. Available J.P. Morgan Asset Management funds are AAA rated and have a low risk level of 1/7.

Low pricing

High interest

Lightyear's annual fees of 0.10%. This combines the fund manager and Lightyear's fees.

High liquidity

Instant withdrawals

Due to their regulatory requirements, money market funds are highly liquid. Withdrawals aim to be instant and arrive back into your Lightyear account.

Extend your runway

You could earn

€22.02

YearlyMonthly

Forecasts are not a reliable indicator of future performance. This calculator assumes investment into money market fund yielding today's rate. The 1-day yield changes slightly day-to-day and significantly when there is a change to the Central Bank rate. For simplicity, this calculation assumes the 1-day yield does not change.

The world’s largest asset manager

Your money is held in J.P. Morgan’s low-risk Money Market Funds.

You get what you see

Transparent fees included

To preserve your principal deposit, we deduct these fees from your interest payments.

2.27%

Fund 1-day yield p.a, net of fund manager fees

0.10%

Lightyear's annual fee

2.17%

Your interest rate (APR)

2.19%

Your interest rate (APY)

Not so risky business

Managing risk with money market funds

The J.P Morgan Asset Management funds we’ve chosen have a risk level of 1/7 and a AAA credit rating for good reasons.

Diversified with over
300
individual holdings

Safe & trusted

Keeping your money safe

Trusting us with your investments is something we do not take for granted.

Multi-country regulationGovernment insuranceSafeguarding your assets

Regulated in the UK by the FCA

We’re authorised and regulated by the Financial Conduct Authority (FRN 987226). Lightyear UK Ltd is a company registered in England and Wales with company number 14367910.

Regulated in the EU by EFSA

We’re authorised and regulated by the Estonian Financial Supervision Authority (4.1-1/31 and 4.1-1/147) and authorised to operate across the European Union.

Frequently asked

Questions a curious person might ask