Scalable Capital Launches Overnight Savings Account with 2.50% Interest

Scalable Capital announced on 16 March 2026 the launch of its Overnight savings account, which pays 2.50% variable annual interest on unlimited cash balances. The new account is available to both new and existing clients of the Munich-based digital bank and broker.

The Overnight account requires no minimum deposit, pays interest monthly, and allows withdrawals at any time. Clients receive a dedicated IBAN for deposits and transfers. Interest accrues daily and is credited monthly, providing a slight compounding benefit over annual payment schedules.

“Interest is the clearest commitment a bank can make to its clients. By adding a separate Overnight account with a market-leading interest rate, we've made our savings offering even more attractive,” said Erik Podzuweit, co-founder and co-CEO of Scalable Capital.

The offered rate of 2.50% p.a. currently exceeds the European Central Bank's deposit rate of 2.00% p.a. Scalable Capital said the interest is transparent and not a short-term promotional rate. Existing clients can continue to receive interest in their broker clearing account until 31 March 2026, after which they can switch to the Overnight account instantly via the app or web without a new identification process.

For PRIME+ subscribers, Scalable Capital offers deposit protection of up to €500,000 through distribution across Scalable Capital Bank and four partner banks. Free-tier clients benefit from statutory deposit insurance of €100,000 per bank, with any excess amounts allocated to qualified money market funds subject to UCITS safeguards.

The Overnight account is designed to support saving for a variety of goals, including for children. Parents can open an account for their children alongside a Kid’s securities account, directly managed through the Scalable app. The company cited a survey indicating that 70% of German parents still use classic savings accounts for their children.

Scalable Capital’s product suite now spans interest-bearing accounts, ETFs, stocks, savings plans, bonds, cryptocurrencies, derivatives, and private equity via ELTIF. The bank also offers Scalable Credit, a loan product ranging from €1,000 to €100,000 at a variable rate of 3.24% p.a. for PRIME+ clients. Since 2024, the company operates the European Investor Exchange, a regulated retail exchange offering extended trading hours from 7:30 a.m. to 11 p.m.