Scalable Capital Launches Overnight Savings Account with 2.50% Interest

WHY THIS MATTERS

Scalable Capital’s launch of its new Overnight account reflects growing competition among digital investment platforms and banks to attract savings deposits in a higher interest rate environment. Offering 2.50% variable interest with daily accrual, monthly payouts and no minimum deposit positions the account as an alternative to traditional savings products while maintaining the flexibility that digital-first investors increasingly expect. By exceeding the current European Central Bank deposit rate, the offering also highlights how fintech-driven platforms are competing directly with banks on both yield and accessibility.

Scalable Capital continues to grow its savings offering: starting today, both new and existing clients can benefit from 2.50% interest p.a. (variable) on the new Scalable Overnight account. Whether saving for a rainy day or with a specific goal in mind, Scalable Capital clients can now invest their money with even more flexibility and security. The Overnight account benefits from no minimum deposit, monthly interest payments, and withdrawals at any time. Opening an account is fast, digital and free of charge.

“Interest is the clearest commitment a bank can make to its clients. By adding a separate Overnight account with a market-leading interest rate, we’ve made our savings offering even more attractive,” says Erik Podzuweit, Founder and Co-CEO of Scalable Capital. “Saving and investing are the foundation of private wealth management: whether planning for retirement, saving for the next holiday, or investing on behalf of children, Scalable Capital now offers the ultimate flexibility for all your financial goals.”

Market-leading interest – transparent, flexible and secure

The Scalable Overnight account offers 2.50% interest p.a., and thereby currently exceeds the European Central Bank deposit interest rate (currently 2.00% p.a.).¹  Interest is accrued daily and paid monthly – on unlimited cash balances. Thanks to the monthly payment, 2.50% interest p.a. results in a benefit of 0.2 percentage points over five years compared to annual payouts. Scalable Capital is committed to transparency: there are no account management fees or short-term promotional rates. This means that all existing clients can immediately receive 2.50% interest on their savings as well: opening an Overnight account in the app or via the web takes less than a minute and does not require renewed identification. To ensure a smooth transition, existing clients will continue to receive interest in their broker clearing account until 31st March 2026.

Cash can be transferred between the new Scalable Overnight account and the Broker clearing account instantly, making it immediately available for trading. A dedicated IBAN also enables instant deposits from an external reference bank account.

PRIME+ clients receive up to 5 x €100,000 statutory deposit guarantee through distribution across Scalable Capital Bank and currently four partner banks. Balances exceeding this are distributed across banks with a voluntary deposit guarantee. In FREE, balances are held at Scalable Capital Bank and partner banks with the statutory deposit guarantee of €100,000 per customer per bank, as well as in qualified money market funds. For money market funds, the UCITS protection standards apply instead of the deposit guarantee, regardless of the investment amount. Clients can view their individual breakdown at any time in the app and on the web.

Saving for every goal and life stage – also for children

With the new Scalable Overnight account, Scalable Capital caters to risk-conscious savers looking for an alternative to traditional savings accounts. It also makes saving easy for the whole family: parents can open an Overnight account for their children in addition to a Kid’s securities account. According to a recent representative survey by Appinio in Germany on behalf of Scalable Capital, parents are not only very interested in investment products, but 70% still rely on classic savings accounts when saving for their children. Children’s accounts and portfolios can be managed and viewed directly in the parents’ Scalable app.

Access to investment and banking services is now even easier

Scalable Capital is expanding its product range with the new Overnight account, setting new standards to provide clients and their families with everything they need for investing, saving, and financing. They are supported throughout their lives – from the first euro invested in a savings plan all the way to retirement. The comprehensive product range spans interest, ETFs, stocks, savings plans, bonds, cryptocurrencies, derivatives, and private equity via ELTIF. Lastly, with its own financing offer, Scalable Credit, the bank provides loans between €1,000 and €100,000 at an attractive rate of 3.24% p.a. (variable, PRIME+), with no fixed term or additional fees. Furthermore, since 2024, the company has offered the European Investor Exchange – a regulated exchange specially developed for European retail investors – which provides additional flexibility through extended trading hours from 7:30 a.m. to  11 p.m. as well as a broad product universe.

FF NEWS TAKE
Fintech investment platforms are increasingly blending savings, investing and lending into unified financial ecosystems.

Scalable Capital’s new Overnight account illustrates how these platforms are competing with traditional banks by offering flexible, digital-first savings products alongside broader wealth management tools. As consumers seek higher returns and easier access to their funds, integrated platforms that combine investing and cash management are likely to become a central part of modern personal finance.

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