Cash account – ​ flexible and easy to liquidate

With the cash account, we offer your customer an easily liquidatable investment as a sensible supplement to the securities account. With a fund custody account, purchases can be debited to the cash account and sales credited to it. Tax reimbursements, liquidation proceeds, custody account fees, mailing expenses and other expenditure and fees can also be settled via the EUR cash account.

  • Option to open an account in foreign currencies in combination with a EUR cash account
  • Avoidance of currency risks in fund sales in foreign currencies.

Want to 'park capital' or for example finance a savings plan? Take advantage of the cash account of Fondsdepot Bank - with current interest rates and good availability!

Deposit fee for credit balances

Discontinuation of the custody fee on credit balances as of September 1, 2022.

As the European Central Bank has increased the underlying reference interest rate, we are setting the custody fee for balances on EUR cash accounts at 0.00%

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Current interest rate (as of 1 February 2023)

CurrencyEUR2USD3GBP4CHF5
Interest rate for credit balances11,50% p.a.3,81% p.a.2,73% p.a.0,44% p.a.
Debit interest for tolerated overdrafts1
nominal
annual percentage rate
12,00% p.a.
12,56% p.a.
14,31% p.a.
15,10% p.a.
13,43% p.a.
14,13% p.a.
10,94% p.a.
11,40% p.a.
Custody fee6
EUR/Cash account
Allowance6
0,00% p.a.
Current goodwill 100.000,00 EUR/Cash account
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¹ Interest is calculated on the basis of an interest scale according to the German interest rate method (30/360), interest is adjusted monthly

2 For EUR accounts, the "ECB deposit rate" is used as the reference interest base. For deposits, a margin deduction of 0.50% is made on the reference interest rate, for tolerated overdrafts a margin premium of 10.00%. A calculated negative interest rate is currently not passed on to customers.

3 For USD accounts, the "Secured Overnight Financing Rate (SOFR)" is used as the reference interest rate basis. For deposits, a margin discount of 0.50% is applied to the reference interest rate, and a margin premium of 10.00% is applied for tolerated overdrafts. A calculated negative interest rate is currently not passed on to customers.

4 For GBP accounts, "Reformed Sterling Overnight Indx Average (SONIA)" is used as the reference interest rate basis. For deposits, a margin discount of 0.70% is applied to the reference interest rate, and a margin premium of 10.00% for tolerated overdrafts. A calculated negative interest rate is currently not passed on to customers.

5 For CHF accounts, the "Swiss Average Rate Overnight (SARON)" is used as the reference interest rate basis. For deposits, a margin discount of 0.50% is applied to the reference interest rate, and a margin premium of 10.00% is applied for tolerated overdrafts. A calculated negative interest rate is currently not passed on to customers.

6A custody fee will be charged on the balance exceeding the allowance. Temporarily, a custody fee shall be charged only on the credit balance exceeding EUR 100,000/money account. This temporary partial waiver of the charging of a custody fee shall not give rise to a claim to such waiver in the future as well.

If the key calculation bases for the reference interest rate change or if this can no longer be determined temporarily or permanently, the Bank will use the reference interest rate that replaces the reference interest rate or another suitable reference interest rate. This cannot be named at present. The bank will inform about the new reference interest rate in due course.

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The most important features

  • More convenient and efficient implementation of your fund investments.
  • You receive a free account statement in your InfoManager at the end of the quarter, in the case of account movements directly thereafter.