US T-Bills Money Market Fund

Absolutely! We process deposits and withdrawals from a euro bank account without any EUR/USD exchange rate fees. Just select EUR as the currency as you want to use when making deposits or withdrawals.

The Spiko Money Market Funds exclusively invest in Treasury Bills issued and guaranteed by top-tier countries like the United States, France, and Germany. While your capital is at risk if any of these countries default on their short-term debt, a sovereign guarantee is stronger than a bank's capital guarantee, as banks are more likely to fail than governments. This is why most large companies and institutions prefer parking their cash in Treasury Bills rather than term deposits. To learn more, read our article on capital guarantees.

Every business day, the fund's administrator calculates the value of the Treasury Bills in the portfolio, which sets the daily interest rate. On Fridays, the interest is tripled to cover the weekend.

The only fee for using Spiko is a 0.4% annual management fee on your deposited funds, deducted daily on a prorated basis. The interest you see each day is always shown after this fee has been deducted. You have no fees associated with having an account open at Spiko. You also have no transaction fees on your deposits and withdrawals. Finally, you also have no custody fees.

Your cash is fully secure, as it is always held by the Crédit Agricole group's custodian bank - not by Spiko. When you deposit funds, the transfer goes directly from your checking account to the custodian bank. Likewise, when you withdraw, the funds are sent directly from the custodian bank to your checking account. In the unlikely event that Spiko were to disappear, you would still have daily access to your funds. You can indeed always request a withdrawal from the management company, which is legally required to honor it under the supervision of the French securities regulator (AMF).

Absolutely! You can create an account and start using Spiko as an individual. You can also secure multiple accounts with the same email and two-factor authentication. If you own, for example, one or more companies, you can manage both your personal and business treasuries within a single interface. Of course, you technically maintain separate accounts for each of these entities and cannot mix the funds.

Daily liquidity is contractually guaranteed by the fund's prospectus. In practice, the market for Treasury Bills is the second most liquid in the financial system, right after the forex market. This liquidity lets us sell Treasury Bills in large quantities, ensuring we can meet any withdrawal request.

No, since the Spiko Dollar Money Market Fund is domiciled in France, you don't need to declare a foreign account.

You can find the fund's prospectus here and the key information document here.