Scalable Capital Elevates Daily Savings Interest to 2.5%

Many savers express frustration over persistently low daily savings interest rates. Now, neobroker Scalable Capital is attracting attention with a notably more attractive new offering.

Scalable Capital has launched a new daily savings (Tagesgeld) account, providing a competitive 2.5% interest rate. This offer is immediately available to both new and existing customers. Interest will be credited monthly, and there is no minimum investment requirement, with funds accessible daily. Previously, the company offered 2% interest on uninvested customer funds.

Savers Displeased with Current Rates

This strategic move by Scalable Capital directly responds to widespread market dissatisfaction among savers. A recent survey indicates that 76% of German bank customers consider current deposit interest rates unattractive. In this environment, an offer of 2.5% presents a compelling reason for many customers to consider switching.

Within the competitive landscape of neobrokers, Scalable Capital now positions itself ahead of rivals such as Trade Republic, which currently offers 2% on uninvested balances. While some isolated higher offers might exist in the market, these are often temporary or exclusively for new customers, with rates typically decreasing significantly later. Scalable, however, emphasizes that its 2.5% rate is not a short-term "teaser" offer, though it remains variable and is subject to future changes.

Daily Savings at Scalable Capital: Deposit Protection Details

The structure of this new product is also noteworthy. The interest-bearing balance will now reside in a dedicated daily savings account with its own unique account number. Existing customers will continue to receive interest on their previous clearing accounts until March 31, 2026. After this date, they will need to transfer funds to the new daily savings account to continue benefiting from the updated conditions.

For savers, the issue of deposit protection is paramount. In the paid "Prime+" model, Scalable states that customer deposits are distributed across its own bank and multiple partner banks. This arrangement could potentially cover up to five times €100,000 under the statutory German deposit insurance scheme. However, in the free model, a portion of the funds is held in money market funds, which do not qualify for traditional deposit protection.