Scalable Fixed-term account
2.75% APR
(2.75% NIR)
Guaranteed interest* for 1 year on unlimited cash.
With Scalable Fixed-term accounts.
Investing involves risks.
The following applies to bank accounts: | |
1 / 6 |
This number is indicative of the risk of the product, with 1/6 indicating lower risk and 6/6 indicating higher risk. |
Scalable Capital Bank and our partner banks are members of statutory deposit guarantee schemes. Deposits are guaranteed up to €100,000 per customer per bank under the statutory deposit guarantee scheme. | |
The following applies only to Fixed-term accounts: | |
🔒🔒 The redemption, withdrawal, or early cancellation of all or part of the principal invested are subject to fees or penalties. | |
The following applies to investments in stocks: | |
6 / 6 |
This number is indicative of the risk of the product, with 1/6 indicating lower risk and 6/6 indicating higher risk. |
Guaranteed interest* With a term of 12 months. |
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Multiple accounts Open up to 5 fixed-term accounts. |
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Simple From €1, at no cost and without a maximum. |
Interest rates and terms
Term | Interest rate per year* |
12 months | 2.75% APR (2.75% NIR) |
Easily planned
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Term: 12 months |
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Minimum amount: €1 |
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Maximum amount: Unlimited |
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Deposit guarantee: Fixed-term savings with guaranteed interest on unlimited cash allocated across one or more banks with €100,000 statutory deposit guarantee. Additional voluntary deposit guarantee possible. |
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Account opening: Free-of-charge. In a few seconds with a Scalable account. |
FAQ
Answers to further frequently asked questions are answered here.
Cash in Fixed-term accounts is allocated across one or more banks with €100,000 statutory deposit guarantee per bank per person. Additional voluntary deposit guarantee possible.
Yes, as soon as your account has been opened, the interest is guaranteed for the selected term. For example: If you invest €10,000 for a term of 1 year at 2.75% APR (2.75% NIR)*, you will receive a fixed and guaranteed interest payment of €275 at the end of the term.
At maturity, your principal and earned interest are automatically paid out either to your Overnight, Broker clearing or reference account. If you enable auto-renewal, the interest and principal will be reinvested automatically for the same term. We will notify you before it renews. By default, auto-renewal is disabled.
Yes, you can also open fixed-term accounts for children.
To do this, first create a Scalable Kid’s account. You can then add the Kid’s Fixed-term account under: Home > Add new product > For my child > Fixed-term account. You can flexibly deposit money into the Kid's fixed-term account from your own Overnight or broker clearing account.
Yes, up to 5 fixed-term accounts can be created. You choose the term for each account.
You can fund your fixed-term accounts using either your Broker clearing account or your Overnight account.