1Yr·

My 6-month overnight money account at ING with 3.5% will expire soon.

I am thinking about shifting part of it into a money market ETF. Does that make sense?

14 Comments

1Yr

If you don't fancy interest rate hopping, the money market is a good choice. I still keep my nest egg in my call money account, as it's quicker to access the money.
What's your experience with ING? That's where I wanted to go next. 😅 I read that the interest is paid out annually. Is that all transparent?

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Dom@SSVDom

1Yr

@MLana I am very satisfied with ING. I also have my custody account there.
You receive interest annually, always at the end of the year. But you can view your current interest rate at any time.

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Horst Dieter Müller@Dieter922

1Yr

@Speggi I can only agree with this, I've also been there for 4 months without any problems👍

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Ella Marie Waschbär@DividendenWaschbaer

1Yr

DKB expires tomorrow. I will also switch to $XEON or $XEOD. At least 50% of the nest egg.
The rest remains on the daily field for 1.75% interest.

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Dom@SSVDom

1Yr

@DividendenWaschbaer I can't wait to see what you decide on tomorrow... 😊

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Ella Marie Waschbär@DividendenWaschbaer

1Yr

@Speggi Probably $XEON so that I don't reinvest the interest straight away 😅

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Waldemar@Wowa83

1Yr

@DividendenWaschbaer Why not the complete 100%?

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Ella Marie Waschbär@DividendenWaschbaer

1Yr

@Wowa83 Because the nest egg is for emergencies and I want it in an emergency. Depending on what it is, it might be urgent. Then the broker doesn't work, or the money remains blocked for 2 days, then I need 2 days until the transfer is back at my bank (unless something is held back again or something else). You can expect it to take a week, in the worst case even longer. That's nothing to me.

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DerMartin@DerMartin

1Yr

When choosing, you need to know whether you want a distribution or an accumulator...

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Dom@SSVDom

1Yr

@DerMartin rather distributors. Do you pay tax on distributions from money market ETFs in the same way as dividends? Presumably yes, right?

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Ikey@Ikigai

1Yr

@Speggi Jepp.

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Jan@JJS

11Mon

@Speggi Yes, the same. You just don't have a partial exemption of 30% compared to an equity ETF. With the accumulator, you naturally have a small tax deferral effect, but whether that makes the difference is another question

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Capricornus@Capricornus

11Mon

what is the difference to this : $CSH2? thanks :) does anyone have it ?

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René@Booz

7Mon

@Steffen81 Have you found an answer to this? The TER from $CSH2 is a lot more attractive

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