Vested benefits savings in cash with interest

 

Do you want to be on the safe side with your vested benefits? No problem, frankly offers you a interest rate on your vested benefits assets if you do not want to invest in securities.

 

Only a small adjustment to frankly is necessary to do this.

This is how you invest your vested benefits in cash – without risk:

  1. Open frankly and select the risk level "0 = No risk” in the “Open an account” stage in Supported mode. In Self-employed mode, go to the “Cash” tab.
  2. Now you can simply make a deposit and receive a current advantageous interest rate of 0.40% on your vested benefits cash assets.

 

What advantages do you get from holding your vested benefits assets in cash?

 

  • Even if your vested benefits assets are not invested in securities, you still benefit from the effects of compound interest in the long run.

 

  • You can avoid the risk of making big losses as a result of an equity market downturn. This can be especially relevant if you are coming up to retirement age or you want to use your pension assets in the near future, e.g. to purchase property.

 

Are you already a frankly client and invested in securities?
Do you want to play it safe and save with your vested benefits in cash? If yes, simply change your investment mode to “Independent". As soon as you sell your securities afterwards, your pension assets will automatically be held in cash and earn interest.

Good to know

The best thing is that you will not pay any fees on your frankly vested assets in cash!

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