Current interest rates for Broker cash balances
Variable interest rates |
FREE Broker |
PRIME+ Broker |
PRIME Broker |
|---|---|---|---|
Scalable account |
2.75%* p.a. |
2.75%* p.a. |
- |
Baader Bank account |
- |
1.60%1 p.a. |
- |
All rates shown are per annum (p.a.).
1The bank is entitled to adapt the interest rate and tiering system to the conditions on the money market and/or capital market by increasing or decreasing them, taking the refinancing options into account. For the current interest rate and tiering system please refer to Baader Bank’s special conditions governing the Schedule of Prices.
How does Scalable distribute cash balances?
We want to pass on attractive interest rates and thus provide a competitive offer. To this end, we distribute the cash balances among trustee banks and qualifying money market funds. We exercise the necessary care and diligence when selecting, commissioning and regularly monitoring trustee banks and qualifying money market funds. As part of our due diligence, we continuously review the need for allocation to various trustee banks and/or qualifying money market funds. In doing so, we take into account the available capacities at the partner banks, the respective conditions of the partner banks and qualifying money market funds, your deposits and withdrawals, your trading activity as well as taxes and fees. This means that you can carry out all transactions regardless of how your cash is distributed. The distribution of your cash balance can vary accordingly and is not subject to a fixed ratio. This can also mean that your cash balance is only held at a trustee bank or only at a qualifying money market fund.
You can view the distribution of the cash balances in your Scalable account in the monthly account statement and at any time in your app or on the web.
Please note our risk information on the safekeeping of cash balances.
Under what conditions can the forwarded interest rate change?
Cash balances are held at trustee banks and money market funds without a fixed term and with variable interest rates. The respective interest rate is based on the conditions on the money markets and/or capital market and the ECB's interest rate for deposits. The trustee banks may raise or lower their interest rates at any time. The interest rate of the qualifying money market funds, also known as the yield, can be viewed on a daily basis at the respective fund provider. You can find all links and the documents of the trustee banks and qualifying money market funds here:scalable.capital/documents-information.
Please note our risk information on the safekeeping of cash balances.
Are my assets safe? What happens in case of insolvency of Scalable Capital or the partner banks?
Cash balances
We allocate cash balances to trustee banks and qualifying money market funds with the necessary care and diligence. The distribution can change continuously and depends on the available capacities, conditions and customer activity. This may also mean that your assets are only held at one partner bank or only at one qualifying money market fund.
Clients’ cash balances - regardless of whether they are held in collective trust accounts with a partner bank or with qualifying money market funds - are not affected by the insolvency of Scalable Capital.
In the event of the insolvency of a partner bank, the corresponding deposits are protected by the statutory deposit guarantee up to €100,000 per client per bank. In the case of qualifying money market funds, the UCITS protection standards apply instead of the deposit guarantee, irrespective of the amount. In addition, allocations in qualifying money market funds are protected as special assets for an unlimited amount and are not affected by the insolvency of the capital management company.
Please note our risk information on the safekeeping of cash balances.
Securities
In case of insolvency of Scalable Capital, you are entitled to the return of your securities. These are not part of the bankruptcy estate and are protected to an unlimited extent.
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