Munich, 26.01.2023 Scalable Capital, a leading investment platform in Europe, will pay 2.3 percent interest on cash balances to enable investors to benefit from the positive interest rate trend. The offer starts on February 1st and applies to both new and existing clients of PRIME+ across Europe. The price model PRIME+ combines a market leading deposit interest offer with the most affordable and best brokerage service for stocks and ETFs.
“For only 4.99 euro PRIME+ offers you a full service investment offering; combining trading of global stocks, saving in ETFs and earning interest on your cash. In addition to competitive interest rates, both unlimited trading as well as savings plans are fee free”, says Erik Podzuweit, Founder and co-CEO of Scalable Capital. “We’ve made the PRIME+ membership so attractive that it would be almost irresponsible not to become a member”.
The variable interest of 2.3 percent p.a. is paid from the first euro in the cash account up to 100,000 euro, it is credited on a quarterly basis and is valid until further notice. All client deposits are protected up to 100,000 euro by the statutory deposit protection scheme of German banks and beyond that by the deposit protection fund of private German Banks. The cash account and the securities account are held with the German bank Baader Bank AG. Taxes from interest earnings will be listed in an intuitive tax report, provided annually, to assist clients with their tax filing.
PRIME+ not only pays off financially but also offers numerous helpful features. With portfolio groups clients can arrange their securities for a better overview, with price alerts they can detect adverse price movements early and the “Smart Predict” feature shows the probability of a limit or stop order being executed.
All existing clients can easily switch to PRIME+ at any time. PRIME Broker clients get their yearly fee refunded pro rata. All prices and additional services remain unchanged. The account opening can be done in just a few minutes and is entirely paperless.
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, 3,000 funds themselves to build their own portfolios and benefit from interest on their cash balances. The PRIME+ flat rate allows unlimited trading for only 4.99 euro per month. Via the digital wealth management service people can have their investments professionally managed. More than 600,000 clients already use the services. In the year 2022 alone, the number of savings plans has doubled to more than one million.
Scalable Capital was founded in 2014 and is already 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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