Spiko Treasury Bills
Earn daily yield from 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 GBP (£) or EUR (€) with no currency exchange fees
Deposit and withdraw in GBP or EUR. If you prefer to use euros instead of pounds, they'll be automatically converted to pounds with no exchange fees or spreads, using the Bloomberg benchmark rate of 10:30 AM CET on the day your funds are received.
Your security is our priority
Your cash is invested exclusively in the safest financial assets available: short-term UK Treasury Bills. Furthermore, your funds are safeguarded by one of the world’s largest custodian banks. Spiko itself never holds your money.
Our partners
Depositary bankCACEIS, a subsidiary of the Crédit Agricole Group, acts as depositary bank and handles the accounting for Spiko Pound.
Correspondent bankHSBC acts as the correspondent bank for the settlement and transfer of funds in GBP.
- Sub-custodian
HSBC is responsible for the custody of UK Treasury Bills on behalf of Spiko Pound.
Statutory auditorPwC, acting as statutory auditor, carries out four audits annually of Spiko Pound's accounts to guarantee their accuracy and compliance.
Product characteristics
- Official name
- Spiko UK T-Bills Money Market Fund
- Current net yield
- 3.50%
- Total assets
- 000
- Investment mandate
- Treasury Bills issued by the United Kingdom
- ISIN
- FR0014012MN7
- Currency
- GBP
- Management fees
- 0.25%
- Use of income
- Accumulating
- Minimum initial deposit
- £1 or €1
- Domicile
- France
- Launch date
- 15/10/2025
- Asset manager
- Twenty First Capital
- Supervisory authority
- French Financial Markets Authority (AMF)
FAQ
How do you calculate daily interest?
An independent third party - the accountant of Crédit Agricole’s custody arm - handles the calculations. Every business day, the fund’s Treasury Bill portfolio is marked to market. Your position is represented by shares with a daily-updated net asset value.
How do you provide daily access to my funds?
Daily liquidity is contractually guaranteed by the fund's prospectus. Spiko Pound invests exclusively in 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 UK Treasury Bills and would only be at risk in the unlikely event that the UK government 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.
Does using Spiko involve any fees apart from the fund management fees?
No. The Spiko account is completely free. There are no fees on deposits or withdrawals, and no account maintenance or custody charges. Management fees are deducted daily on a prorated basis. The interest displayed each day is always shown net of these fees.
Can I open an account 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.
Where can I find the product’s legal documentation?
You can find the prospectus and the key information document (KID) here.