Now Freedom Finance Global PLC clients can earn passive income for holding funds in a special savings sub-account (D-Account).
* The placement, holding, and saving of funds is carried out through repo transactions in accordance with the procedure specified in the Annex 6 of the Freedom Broker Regulations.
Conditions
Placement period | 1, 3, 6, or 12 months |
Minimum amount | 1,000 |
Currency | USD or EUR |
Placement date | Any date |
Income payment | Single payment at maturity |
Early withdrawal | Available*** |
** Placement of funds is commission-free. At the end of the term, the investor automatically receives the initial invested amount and the accrued income.
*** In case of early withdrawal, the client receives back the initial invested amount but forfeits the interest payment.
How to calculate the yield
The yield on the D-Account is linked to market interest rates:
- for USD – the SOFR rate;
- for EUR – the EURIBOR rate.
A fixed spread is added to the base rate, depending on the placement period.
Term-based spreads
1 month | |
3 months | + 0,4 % |
6 months | + 0,95 % |
12 months | + 1,9 % |
The longer the placement period, the higher the spread and the potential yield. The total yield consists of:
- the market rate;
- a fixed spread.
Enhanced interest rate (bonus)
In addition to the base yield, a fixed bonus of +0.5% is available:
- for placements of USD or EUR 100,000 or more;
- for a placement term of 3 months or longer.
The bonus is added to the base yield and increases the total interest rate received by the investor at the end of the term.
Advantages of long-term savings on the D-Account
- An alternative to bank deposits;
- Your savings and their yield are backed by repo transactions in equities;
- The yield is based on a market rate plus a fixed spread;
- High reliability and low risk;
- No fees;
- Funds can be placed at any time;
- No penalties for early withdrawal;
- Low entry threshold, minimal effort and time required to open an account.
Note
*SOFR (Secured Overnight Financing Rate) – is a daily secured overnight financing rate published by the Federal Reserve Bank of New York as the administrator of the rate (or any successor administrator) on the Federal Reserve Bank of New York’s website.
*EURIBOR (Euro Interbank Offered Rate) – is the euro funding rate known as the Euro Interbank Offered Rate, provided by the European Money Markets Institute as the administrator of the rate (or any successor administrator).