Cash accounts are a thing of the past. Here's how to park your money wisely.
Park your money smarter with a money market fund or money market ETF. Available daily, transparent, with interest rates close to the money market.
BNP Paribas AM
Money Market
With a target return of 2.3% p.a.
Goldman Sachs AM
Money Market
With a target return of 1.2% p.a.
Liquidity starting at 1€
Invest from 1€ in two products that allow you to invest free liquidity flexibly and transparently - via a savings plan or one-time investment.
Experienced fund managers
The funds are managed by BNP Paribas AM and Goldman Sachs AM with decades of expertise in the money market sector.
Top rating on Trustpilot and App Store
Invest safely
Securities custody with a German custodian bank.
partners
Savings Accounts Compared: How to get more out of your money.
Those looking to park cash short-term often automatically turn to savings accounts. Understandable – but not always optimal.
With a money market fund or money market ETF, you can also keep your available cash accessible daily while investing closer to the current money market rate. This is precisely what makes these products attractive to many investors: They are not a substitute for every investment, but a smart solution for money that shouldn't sit idle in an account.
The difference between the two products is simple:
• The BNP Paribas AM Money Market ETF tracks the €STR, which is the short-term Euro interest rate.
• The Goldman Sachs AM Money Market Fund actively invests in high-quality, short-term money market instruments with a focus on capital preservation and low volatility.
This gives you two ways to intelligently park your cash – depending on whether you prefer index-tracking or actively managed investments.
The Goldman Sachs AM Money Market Fund and the BNP Paribas AM Money Market ETF outperform the average savings account rate. For a €50,000 investment, this translates to approximately €145 in additional annual interest with the fund and around €395 per year with the ETF.
Investing
Our funds for parking your money.
Money Market ETF
Money market ETF
The BNP Paribas Money Market ETF is a short-term investment in the European money market and tracks European money market interest rates.
2.3% p.a.
Target return
Target returnThe target return is the expected annual net return of your investment, based on research by the NAO investment team – taking into account the manager's track record, market views, and other factors. All fees (fund management, NAO, etc.) are already deducted. This is an estimate, not a guaranteed return.None
Lock up period
Lock-up deadlineThe minimum holding period during which you cannot sell your shares. This gives fund managers the necessary planning security for long-term investments. After this period, you can usually return your shares.Very low risk
Medium riskAssessment of the risk profile based on the investment strategy and the volatility of comparable investments. Private markets are subject to market, liquidity and corporate risks.
Money Market fund
Money market funds
The Goldman Sachs money market fund invests in high-quality, short-term money market instruments with a focus on capital preservation and low fluctuations in value.
1.8% p.a.
Target return
Target returnThe target return is the expected annual net return of your investment, based on research by the NAO investment team – taking into account the manager's track record, market views, and other factors. All fees (fund management, NAO, etc.) are already deducted. This is an estimate, not a guaranteed return.None
Lock up period
Lock-up deadlineThe minimum holding period during which you cannot sell your shares. This gives fund managers the necessary planning security for long-term investments. After this period, you can usually return your shares.Very low risk
Medium riskAssessment of the risk profile based on the investment strategy and the volatility of comparable investments. Private markets are subject to market, liquidity and corporate risks.
The fund managers
Strong partners. Smart products.
With Goldman Sachs Asset Management, we have a strong partner at our side who has stood for excellence in the financial sector for over 150 years. Since its founding in 1869, Goldman Sachs has developed into a leading global institution in investment banking, securities trading and asset management.
3.1 trillion USD
Assets under management
Over 40 years
experience in money market funds
Over 30 years
active in Germany
The funds
Fund Manager
Goldman Sachs AM | Money Market Funds
Target return after costs
1.8% p.a.
Investment Strategy
Accumulating
Liquidity
Daily
Fees
Purchase: 0€
Sale: 0€
with Moody, Fitch and Standard Poors
AAA Rating
AuM in EUR
> 24.7 billion
ISIN
IE00BHTFVY54
BNP Paribas
Our money market manager.
BNP Paribas is one of the leading banks in the EU and is active worldwide. With around 178,000 employees, it offers the range of services of a modern universal bank. The Group has been present in Germany since 1947, with 12 business units and around 6,100 employees for private customers, companies and institutions.
> 600 billion €
Assets under management
Since 1947
Active on the market
In 64
countries global presence
the fund
Fund Manager
BNP Paribas | Money Market ETF
Target return after costs
2.3% p.a.
Investment Strategy
Accumulating
Liquidity
Daily
Fees
Purchase: 0€
Sales: 0€
Product
Money market ETF
Fund volume
> 317 million
ISIN
LU3025345516
Money market funds vs. money market ETF
Parking, but better. The clever alternative to your cash account.
Money market funds vs. money market ETF
The money market fund actively invests in short-term, high-quality money market instruments and benefits directly from the current money market interest rate. The money market ETF is based on the €STR, i.e. the ECB's short-term interest rate, and aims to remain slightly above it over the long term and systematically add a few basis points to it. Available daily, smart for liquid assets.
What is the difference to cash accounts?
For many people, cash accounts are the first option that comes to mind when they need to keep money readily available in the short term. Money market funds and money market ETFs can be an attractive alternative.
The key difference:
Cash accounts are protected by the statutory deposit insurance up to €100,000 per bank and customer.
Money market funds and money market ETFs are securities and are classified as special funds. This means: In the event of the custodian’s insolvency, they are not part of the insolvency estate.
Money market products invest broadly diversified in short-term instruments with high credit ratings. This makes them attractive to investors who want to park liquidity while investing closer to money market rates - even with amounts exceeding €100,000.
Investment team
Comment from the investment team.
Customer Testimonials
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About NAO
No tokenization. Your investment.
Your shares.
There are many new models in the financial world - at NAO, we focus on what really counts: real fund shares. Your capital is invested directly -without detours via tokenization or complex structures. With our co-investment approach, you own what you buy - clearly, simply and securely.
12
partners
eight-digit
Assets under management
15
Curated funds
4.4/5
TrustPilot Rating
Ready to join the NAO community?
Start today with access to exclusive private markets. Start investing like a millionaire, starting at just €1.
In just 3 steps to your investment
- Download the app & register
Download the NAO app and register in just a few minutes - quickly and completely digitally.
- Top up your account
Pay your desired amount conveniently via bank transfer or SEPA direct debit.
- Investing
Choose a fund, enter your amount and invest directly in private markets.
“NAO democratizes long-term wealth creation and expands investment options.
Steffen Hetzel
C-Suite in Tech (lawpilots, bitly) | Angel Investor & Advisor
Why did the investment team opt for money market products?
Not all capital should be tied up in the long term and should be used to build up capital over the long term. Some of the funds must be immediately available - and still work. That is exactly why we have selected two solutions for short-term investment horizons.
BNP Paribas AM: For short-term liquidity management, we have selected the “BNP Paribas Easy Overnight ETF”. The ETF represents the euro short-term rate (€STR), i.e. the interest rate at which banks in the Eurozone lend money to each other overnight. In addition, there is a small premium due to the use of total return swaps, i.e. the lending of securities developments. This makes him particularly successful and clearly sets him apart from comparable strategies in the euro area due to a higher return on €STR.
What convinced us: There is hardly a strategy that combines low costs, high liquidity and a benchmark return so well.
Goldman Sachs AM: We work with Goldman Sachs Asset Management to maintain capital and generate steady income. Goldman Sachs AM is one of the most experienced providers in this segment worldwide and provides access to a professionally managed money market portfolio with the “Euro Liquid Reserves”. The actively managed fund invests in short-term debt instruments from issuers with very good credit ratings and keeps quality and liquidity high over the long term. It directly reflects the current interest rate level. What sets him apart for us: Until now, this institutional portfolio quality has mostly been reserved for large asset managers and is ideal as a replacement for call money accounts.
Robin Binder - Founder & CEO