Munich, 11.07.2023. Clients from Scalable Capital, a leading investment platform in Europe, will receive 2.6 % interest p.a. on cash balances of up to 100,000 euro from August 3rd, 2023. This is the highest permanent interest rate of any broker currently in the market. The offer applies to both existing and new customers of the PRIME+ broker. The variable interest rate is paid out quarterly via the partner bank (Baader Bank), until further notice, for existing and new cash balances on the cash account.
“Many offers only benefit new clients, but we also want to reward our loyal community and pass on the increased interest rates to them.” says Erik Podzuweit, founder and Co-CEO of Scalable Capital. “This brokerage offering is unique. No other European broker offers its clients 2.6 % interest, a trading flat rate, and unlimited savings plans for just 4.99 euro." There is no fixed end date for the interest offer.
Interest helps to reduce the loss of value of savings due to inflation. But there is no way around additional investment in securities for real wealth accumulation. For 4.99 euros per month (cancellable at any time), PRIME+ offers 2,6% interest, trading without order fees, an unlimited number of savings plans in ETFs, funds, or stocks, and many more features for investing.
It takes just a few minutes to open an account, and it can be done paperlessly on the web or in the Android and iOS apps.
About Scalable Capital
Scalable Capital is a leading digital investment platform in Europe that makes investing easy and affordable for everyone. With the Scalable Broker, clients can trade 7,500 stocks, 2,400 ETFs, and 3,000 funds to build their portfolios and benefit from interest on their cash balances. With the tariff model PRIME for 2.99 euro per month, trading in the broker is unlimited. With PRIME+ for 4.99 euros, clients receive an additional 2.6 % per year on uninvested cash up to 100,000 euro. People can have their investments professionally managed via the digital wealth management service. More than 600,000 clients already use the services. In 2022 alone, the number of savings plans has doubled to more than one million.
Scalable Capital was founded in 2014 and is active in Germany, Austria, France, Italy, the Netherlands, Spain, and the UK. The investment firm, which is supervised by BaFin and the Bundesbank, has more than 10 billion euros on its platform. In addition to its business for private clients, the company operates B2B solutions. Its long-standing partners include ING, Barclays Bank in the UK, the robo-advisor Oskar, and the Santander Group in Spain. Scalable Capital employs more than 450 people at its offices in Munich, Berlin, and London. Together with the founding and management team around Erik Podzuweit and Florian Prucker, they strive to empower everyone to become an investor.
More information at: https://de.scalable.capital
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Head of Communications