Interest rates are rising – and with us you can benefit from that. On balances in the settlement account PLUS at quirion, there is now interest of 2.5 percent per year with immediate effect. Seven questions and answers about the offer.
If I want to secure 2.5 percent interest at quirion: what do I have to do?
If you already use our digital wealth management, you’ll find the promotional „Activate interest“ button in your portfolio access. You can simply have it enabled with a click. The offer runs until further notice and applies to balances of any amount in your settlement account. So you can simply transfer freely available money to the settlement account and then benefit from the attractive interest rate. Interest is settled quarterly. The money remains available on a daily basis.
What if I don’t use quirion yet?
First you need to set up digital wealth management with us. It’s available as a one-off investment or as a savings plan, starting from a minimum investment of just €25. To begin with, you answer a few simple questions online, for example about your risk appetite and your investment horizon. We then give you an investment proposal tailored to that. You are free to decide how much money you invest in our ETF portfolios and how much you have earning interest in the settlement account. In the Digital package, wealth management costs just 0.48 percent per year. These fees are charged only on the money invested in the ETF portfolios. The settlement account is free of charge.
Can I also take up the interest offer on its own?
No. The interest offer is tied to a settlement account with us, and thus to digital wealth management at quirion. With wealth management in our ETF portfolios, you secure long-term return opportunities on top of interest income.
How do I choose an investment in an ETF portfolio at quirion?
Our core products are the global and the sustainable ETF portfolio. In principle, each of our ETF portfolios gives you a stake in the return opportunities of the equity markets. But because a pure equity portfolio isn’t suited to every risk profile, we mix in bonds in 10-percent increments depending on your risk appetite. These cushion price fluctuations over the long term. That’s why it’s important to answer our questions during the account-opening process – such as those about your risk appetite – completely openly and honestly. Only then can we propose an ETF portfolio that’s exactly right for you.
What brings me more, the interest on the settlement account PLUS or investing in the ETF portfolios?
When deciding how much money to invest in our portfolios and how much to have earning interest in the settlement account, it comes down to your time horizon and your goals. Might you need the money back again soon and simply not want it to „languish“ in your current account or in lower-interest savings products? Or is it about building and growing wealth systematically? With a long-term investment in our ETF portfolios, you open up higher return opportunities for yourself.
How does quirion invest my money?
quirion’s investment strategy is based on scientific findings. Among these is that the broadest possible global diversification is a key success factor in long-term investing. Through ETFs, quirion’s global portfolio gives you a stake in around 8,000 equities from over 70 countries, as well as, where applicable, in bonds from over 2,000 debtors.
How safe is investing at quirion?
Even though broad diversification reduces risk: the prices of equities and bonds are constantly fluctuating, and no one can guarantee a particular price development. Beyond that, though, you don’t need to worry about the safety of your deposits. Investment funds such as ETFs, for instance, are especially protected as segregated assets. If, say, a fund company, a custodian bank or a wealth manager runs into financial difficulties, it has no access to the money invested in them. As for the balances in the settlement account: those are looked after by Quirin Privatbank, of which we are part. It belongs to the voluntary deposit protection fund of the Association of German Banks (BdB). This means your money in the settlement account PLUS is protected beyond the statutory limit of €100,000 – up to €5 million.
Subsequent note: this article was published on 1 March. At that time the interest rate was 2%. On 6 April it was raised to 2.5%. We have therefore updated the article accordingly.
