Satispay with remunerated piggy financial institution enters the world of investments | EUROtoday

Listen to the audio model of the article

After revolutionizing the funds and simplified the every day administration of cash, Satispay enters the world of investments by launching remunerated piggy financial institution, a service that may enable its over 5.5 million Italian customers to start out investing with the identical simplicity with which at present they pay a espresso, with none minimal quantity and with the flexibleness of placing and withdrawing the cash when they need. The proprietor of a Satispy card immediately accesses the funding with the brand new remunerated piggy banking perform which suggests investing in a Amundi financial fund which makes taxes gross 2.24% per 12 months. The commissions are 0.17 p.c.

A device to handle liquidity

We left simplifying funds and we wish to do the identical with the world of investments – underlines Alberto Dalmasso, Co -Founder and CEO of Satispay. – When we launched the performance you save in 2018 we instantly discovered an amazing enthusiasm by our customers and now – with greater than 1 million individuals who have put aside over time for over 250,000,000 within the piggy financial institution – we’re able to take the subsequent step with them ». The piggy financial institution stays however is practical to funds. Obviously with none aggravation of prices. On common, every proprietor spared round 250 euros because the launch of the perform in 2018.

Now the corporate launches a product to handle liquidity, a concrete device to reinforce the financial savings in a easy, clear and versatile method. “Remunerated piggy bank”: designed to assist Italians make the liquidity agency on present accounts and primarily based on a typical financial background with a category created in collaboration with Amundi, will provide an advantageous efficiency that at 05/05/25 is estimated at 2.24% annualized, web of the prices of the fund and the gross of taxation. “This product has been designed to offer a stable and competitive remuneration on liquidity, intercepting a concrete need – adds Dalmasus – over 1,360 billion euros of Italians are now parked on current current accounts and bank deposits, often without any form of performance (source: Fabi, 2024). In a market scenario where you choose not to invest your savings due to the complexity of the proposed solutions.

Other solutions are coming

This is the first phase of a wider path, with which the company wants to help democratize access to tools that give greater value to people’s money to change a culture historically oriented to savings and too little to invest. It will be possible to invest without minimal amounts, with redeemed funds on the next working day and taxation managed by Satispay through a partner. By the summer, new solutions will be announced on the basis of different risk profiles, always with a view to simplicity “few alternating – concludes Dalmatas – at all times with a view to conserving our service easy and fast with an eye fixed to essentially the most favorable prices and commissions”.