Good news at frankly – from 1 October 2023, frankly will again increase the interest rate on cash assets.
Interest rates rising at frankly:
Interest rates on your cash assets will increase as of 1 October 2023. An interest rate of 0.80% will apply to frankly pillar 3a accounts (so far: 0.50%) and 0.40% to frankly vested benefits (so far: 0.15%). No all-in fee will be charged on the cash assets.
Do you want to play it safe and save with your pillar 3a or vested benefits in cash? If yes, simply change your investment mode to “Independent / Cash”. As soon as you sell your securities afterwards, your pension assets will automatically be held in cash and earn interest.
What’s more, you will no longer pay an all-in fee on your cash assets with frankly.
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