Spiko Dollar
Earn steady returns in USD with the unmatched safety of U.S. Treasury bills.
Key figures
Annualized net yield (after fees) over the past 31 days. Yields are updated daily and may vary slightly depending on Treasury yields. Past performance is not indicative of future results
Deposit and withdraw in EUR or USD with no currency exchange fees
Deposit and withdraw in the currency of your choice. Euros are converted to dollars, and dollars to euros, with no exchange fees or spreads, at the official Bloomberg benchmark rate of 10:30 AM CET on the day your funds are received or withdrawn.
Your security is our priority
Your cash is invested exclusively in the safest financial assets available: short-term U.S. Treasury bills. Furthermore, your funds are safeguarded by one of the world’s largest custodian banks. Spiko itself never holds your money.
Underlying assets
Our partners
Depositary bank and fund admin
CACEIS, a subsidiary of the Crédit Agricole Group, acts as depositary bank and handles the accounting for Spiko Dollar.
Sub-Custodian
BNY Mellon is responsible for the custody of U.S. Treasury Bills on behalf of Spiko Dollar.
Correspondent Bank
JPMorgan Chase acts as the correspondent bank for the settlement and transfer of funds in USD.
Auditor
PwC, acting as statutory auditor, carries out four audits annually of Spiko Dollar's accounts to guarantee their accuracy and compliance.
Product characteristics
FAQ
How is the daily interest determined?
Every business day, the fund's administrator calculates the value of the Treasury Bills in the portfolio, which sets the daily interest rate. On Mondays, the interest is tripled to cover the weekend.
How do you provide daily access to my funds?
Daily liquidity is contractually guaranteed by the fund's prospectus. Spiko Dollar invests exclusively in U.S. Treasury Bills, whose market is the most liquid in the world after the foreign exchange market, making it easy to meet withdrawal requests.
Are my funds fully protected?
Your funds are backed by U.S. Treasury Bills and would only be at risk in the unlikely event that the Federal government of the United States defaults on its short-term debt. We back your money with Treasury Bills rather than bank deposits because we believe a sovereign guarantee is stronger than any bank guarantee.
How would I access my funds if Spiko goes bankrupt?
When you deposit funds, they go directly from your checking account to the custodian bank. Similarly, when you withdraw, the funds are sent directly from the custodian bank to your chosen bank account.Because your funds are never on Spiko’s balance sheet, Spiko’s failure would have no impact on them. In the unlikely event that you cannot place a withdrawal through the Spiko interface, you can request your funds directly from the management company by phone or email. The management company is supervised by the French Financial Markets Authority (AMF) and has a business continuity plan in place to ensure customers always have access to their funds.
What are the fees associated with using Spiko?
The only fee for using Spiko is a 0.25% 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.
Can I use Spiko as an individual?
Absolutely! You can create an account and start using Spiko right away. If you own a company, you can manage personal and business accounts from a single interface. Each account remains separate, so funds cannot be mixed.
How do you provide daily access to my 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.