1Mon·

Instead of money market simply scalable interest rates?

Hello everyone,

Since Scalable is now passing on the ECB's interest rates, I wonder whether the $XEOD (+0%) still makes any sense at all for parked money.

I use this ETF to park reserves that I don't need to access immediately.

What do you think?

7 Comments

Antonio🐝@TonyMelony1998

1Mon

Just reinvested daily in the ETF. I have also parked my money there and it still yields more than 2.5% - and I also like to spend available money - so at least it's "tied up" a bit.😛

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Oleg@ScorpionfromBW

1Mon

@TonyMelony1998 In short, to what extent does it yield more if it is linked to the ECB interest rate?

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Gi Vey@Nofan

1Wk

@TonyMelony1998 does not matter. Scalable does the same thing. They take your money, invest it in money market ETFs and give you the interest....

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Gi Vey@Nofan

1Mon

Scalable and banks basically do exactly the same thing

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Homer@Simpson

1Mon

Didn't make sense with Trade Republic and now also with the new Scalable Depot

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Aristide H.@AristideHalbseid

3Wk

@Simpson What do you mean?

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Scepp@Scepp

2Wk

@AristideHalbseid I guess he means the money market ETF! The advantage I see is that the money parked in the money market ETF cannot simply be invested "by mistake".

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