There is no minimum holding period, the interest offer is available daily. Interest is calculated – starting 1 February 2023 – to the day and paid out quarterly.

Balances are held by Baader Bank AG and are protected by the German EdB deposit protection scheme up to a deposit amount of €100,000 and beyond that by the Deposit Protection Fund of Private Banks (BdB). Further information on the scope of protection provided by the Deposit Protection Fund can be found here.

For only €4.99 per month, PRIME+ offers the highest interest rates1, trading without order fees2, unlimited savings plans and many helpful features. You always keep an overview with portfolio groups, recognise adverse price movements early on with price alerts and can calculate the execution probabilities of limit or stop orders with "Smart Predict".

1 Starting 01/02/2023 for PRIME+. Cash account at Baader Bank AG. Variable rate up to €100,000. Learn more
2 €0 for trades starting from €250 order volume, below trades cost €0.99. €0 for savings plan executions. Product costs, spreads, crypto fees and /or inducements may apply. Learn more.

The interest in the Scalable PRIME+ Broker is calculated – starting 1 February 2023 – to the day and paid quarterly to your clearing account. Your cash is held with the German custodian bank, Baader Bank AG, and is subject to German deposit protection.

Like dividends or profits from the sales of securities, interest payments are considered investment income and are subject to a final withholding tax. This is paid automatically. The respective taxes are withheld by the custodian bank and forwarded to the tax office, taking into account exemption orders and loss pots, if applicable.

This only applies to persons who are liable to pay tax in Germany. Persons who are liable to pay tax outside Germany are obliged to determine and pay the applicable taxes themselves. Please note that Scalable Capital does not provide tax advice in this regard. If you have any questions regarding your individual tax situation, please contact your tax advisor or your tax office.

The amount of capital gains tax/solidarity surcharge paid on your behalf can be found in your personal client area. To do so, please log into your personal client area on our website, open the menu item "Profile" and click on "Taxes".

When will I receive the interests?

Balances are held by Baader Bank AG. In case of insolvency of Baader Bank, the balance of your clearing account is protected by the statutory deposit protection of the EdB up to a deposit amount of 100,000 euros (see details at www.edb-banken.de) and beyond that by the Deposit Protection Fund of private banks (BdB). Further information on the scope of protection of the Baader Bank by the Deposit Protection Fund can be found here.

In the event of insolvency of the custodian bank, you have a claim to surrender of your securities. These do not fall into the insolvency estate and are therefore also protected.

As a securities institution, Scalable Capital is not authorised to take possession or ownership of client assets. The assets of the clients are held in custody by our partner bank. In the event of Scalable Capital's insolvency, the client assets will therefore not fall into the insolvency estate of Scalable Capital GmbH.

Furthermore, Scalable Capital GmbH is assigned to the Compensatory Fund of Securities Trading Companies (EdW). The EdW can pay compensation if an institution is no longer able to fulfill its "liabilities from securities transactions" to its customers for reasons directly related to its financial situation (and BaFin has determined the case for compensation).