Prime+ Broker Tagesgeld

Scalable Capital Prime+ Broker Tagesgeld at a Glance

Prime+ Broker Tagesgeld is Scalable Capital's easy-access savings offering within the broker's paid PRIME+ subscription. It is aimed at customers who manage their balance digitally through the Scalable app and want a continuously interest-bearing, instantly available cash component alongside their securities portfolio.

Interest Rate and Rate Tiers

Scalable Capital currently pays 2.60% p.a. on the balance, with no fixed investment amount or term agreed - interest accrues daily and is credited monthly. The rate is variable and, according to Scalable Capital, tracks the current market rate level, with no guarantee of a fixed level. No minimum deposit is required. PRIME+ membership matters for deposit protection: PRIME+ users can have their balance automatically spread across several partner banks, reaching statutory deposit protection of up to €500,000 (five banks at €100,000 each); without PRIME+, manual distribution across several banks or investment in a money market fund is available instead.

Terms and Account Management

Prime+ Broker Tagesgeld is opened and managed digitally through the Scalable app, as part of Scalable Capital's paid PRIME+ subscription. No information is available on a separately required reference account at another bank for this product.

Pros and Cons

• 2.60% p.a. with no apparent cap on the amount
• No minimum deposit
• Daily availability with day-accurate interest accrual
• Deposit protection of up to €500,000 achievable via PRIME+ bank distribution

• Full benefit tied to a paid PRIME+ membership
• Variable rate, no fixed guarantee
• Account management only via the Scalable app

Verdict

Prime+ Broker Tagesgeld is best suited to customers who already invest through Scalable Capital and want to manage their cash reserve directly within the same app while benefiting from PRIME+ membership's extended deposit protection. Anyone unwilling to pay for the PRIME+ subscription should weigh the actual benefit against its cost.