• Tax-simple: Capital Gains Tax (Kapitalertragsteuer / KESt) is automatically withheld and paid directly to the tax office (Finanzamt).
• Austrian IBAN: All new clients receive an Austrian IBAN; existing clients will be able to switch shortly.
• Local presence: Bank branch opened in Vienna.
• Zukunftsdepot (Future Depot): Scalable Capital welcomes the planned initiative for children in Austria and intends to offer it.

Vienna, 8th October 2026. Today Scalable Capital is launching its own Austrian bank branch – reinforced by a local team in Vienna. Effective immediately, investors benefit from an Austrian IBAN, automated capital gains tax (KESt) handling (steuereinfach), and interest rates of up to 3.25% p.a.* on unlimited cash balances. Scalable Capital combines this market-leading interest rate offer with a comprehensive investment universe featuring over 9,400 stocks, 3,400 ETFs, cryptocurrencies via ETPs, 1.8 million derivatives, bonds, Private Equity (ELTIFs), Wealth (discretionary wealth management), as well as the widest range of commission-free savings plans from as little as €1. Founded in Munich by the Austrian Florian Prucker and the German Erik Podzuweit, Scalable Capital has already been active in the Austrian market for over 10 years.

Market-leading interest rate offer for wealth creation

Scalable Capital’s Austrian offering addresses a key structural challenge in the domestic market. According to current data from the Oesterreichische Nationalbank (OeNB), more than €300 billion of private financial assets in Austria are held in deposits on mostly low-yielding accounts, where savings are gradually eroded by inflation.

Scalable Capital is changing this by offering 2.60% p.a. interest (variable)* on flexible cash balances (Tagesgeld) – with monthly interest payouts calculated on the full cash balance, for both new and existing clients, with no upper limit and no hidden conditions. In addition, through Scalable Fixed Term (Festgeld), Austrian savers will be able to lock in interest rates of 2.75 % p.a. for 6 months*, 3.00% p.a. for 12 months* and 3.25% p.a. for 24 months* starting in November (as of 6th October 2026).

“With interest rates of up to 3.25%, thousands of stocks and ETFs, and savings plans from as little as €1, Scalable Capital is the number-one destination for all wealth-building and investment needs,” said Erik Podzuweit, Founder and Co-CEO of Scalable Capital. “By combining our market-leading product universe with a seamless digital experience, we offer the best proposition for anyone looking to take control of their financial future or have it managed by us.”

As a tax-simple provider (steuereinfacher Anbieter), Scalable Capital now calculates Capital Gains Tax (KESt) directly at source, retains it, and remits it directly to the tax office. Automatic loss offsetting (Verlustausgleich) is also conducted seamlessly.

Investment behavior across Europe is undergoing rapid transformation. BlackRock’s latest European ETF Study clearly demonstrates this trend: Austria ranks second in Europe for the proportion of ETF investors – with the total number doubling since 2022. “We are seeing massive, growing demand in Austria for diversified, long-term wealth creation. With the opening of our bank branch and the launch of automated tax withholding, we are placing ourselves at the forefront of this shift,” said Florian Müllner, Head of Scalable Capital’s Austrian Bank Branch.

Austrian IBAN, switching options, and key terms at a glance

New clients receive an Austrian IBAN automatically upon account opening and benefit from customer support with a local Austrian phone number. Existing clients will soon have the option to switch to Scalable Capital’s Austrian bank branch. With PRIME+ at €4.99 per month, clients gain enhanced benefits, including a trading flat rate with €0.00 order fees for trades above €250 (otherwise €0.99 per trade), as well as up to 5 x €100,000 statutory deposit guarantee by allocating across up to five banks.

From Agentic Investing to the Zukunftsdepot: setting new standards for retail investors

At the end of August, Scalable Capital became the first bank in Europe to open its platform to all major AI assistants, including ChatGPT (OpenAI), Claude (Anthropic), and Grok (SpaceXAI). Clients can activate Agentic Investing in their account settings and connect their account with their preferred AI assistant. Furthermore, with “Insights,” investors can ask questions directly within the Scalable Broker regarding markets, news, strategies, or the platform itself.
Together with the Hanover Stock Exchange (Börse Hannover), Scalable Capital operates the European Investor Exchange – a trading venue tailored specifically to the needs of European retail investors. Featuring extended trading hours from 6 a.m. to 11 p.m., the exchange offers the earliest market start in Europe, surpassing the trading hours of leading stock exchanges worldwide. Today, all stocks in the Austrian ATX index are already tradeable on the European Investor Exchange.

Looking beyond private wealth accumulation, the bank bridges the gap to capital-market-based private pension planning right from birth: “We welcome the federal government's initiative to introduce a Zukunftsdepot (Future Depot). As soon as the legislature establishes the necessary framework, Scalable Capital plans to offer Zukunftsdepots,” stated Florian Müllner, Head of Scalable Capital’s Austrian Bank Branch.

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¹GEWINN. GEWINN-Brokervergleich, as of 1st October 2026.

²OeNB. Einlagen von privaten Haushalten und nichtfinanziellen Unternehmen, gegliedert nach Laufzeit

³ BlackRock. People & Money, November 2025

*2.60% variable interest p.a. on unlimited Overnight savings, clearing accounts as per list of prices and services for Austria. Overnight savings base rate ECB deposit rate minus 1%. In addition, a 1.10% bonus applies until 04/11/2026. The bank may renew or change the bonus thereafter. With PRIME+, up to 5 x €100,000 statutory deposit guarantee scheme by allocating cash balances across up to 5 partner banks. Fixed Term deposits with guaranteed interest on unlimited balances distributed across one or more banks with €100,000 statutory deposit guarantee scheme; additional voluntary deposit protection may apply. Allocations are variable, subject to capacity and available terms.

About Scalable Capital

Scalable Capital is a leading bank that empowers people in Europe to shape their own finances. Scalable Capital makes it easy and affordable for clients to invest professionally in stocks, ETFs, cryptocurrencies, and derivatives and set up savings plans. Attractive interest and private equity complement the range of products and services. With the European Investor Exchange, Scalable Capital offers an exchange specifically for retail investors. More than one million clients already have a total of more than €60 billion on the platform.

Founded in 2014, Scalable Capital now employs over 800 people across Munich, Berlin, Vienna and Milan. Together with the founding and management team led by Erik Podzuweit and Florian Prucker, Scalable Capital is building the next generation of financial services.

Further information at: www.scalable.capital. A factsheet, photos, and previous press releases are available in the Newsroom.

For press inquiries:

Ina Froehner
Scalable Capital
VP Communications & Public Affairs
+49.160.94.43.59.32
presse@scalable.capital