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Consorsbank is offering a securities custody account with a current annual interest rate of 4.0% + 150 euros as a bonus. The account includes a wide range of savings plans, stocks, and ETFs for investing in major German and international trading venues.
The account comes with free custody management and orders are charged at 0.95 euros per transaction (plus market spreads) via the Tradegate trading platform. Additionally, there is a savings account included with an interest rate of 4% per year for amounts up to 1,000,000 euros.
To qualify for the 150 euro bonus, customers need to build or transfer a deposit volume of 10,000 euros within 8 months of opening the account. The deposit volume can be accumulated through transferring securities from another bank or through purchasing securities.
It's important to note that savings plan executions, one-time purchases in a savings plan, and account balances are not taken into account for the deposit volume calculation.
The bonus will be paid out to the customer's offset account in the following month if they meet the conditions on the specified date. If the customer has multiple offset accounts with Consorsbank, the bonus will be credited to the account with the lowest account number.
Customers who opened an account between January 31, 2023, and September 19, 2023, and meet the conditions will receive a 100 euro bonus, while accounts opened after September 20, 2023, will be eligible for the 150 euro bonus.
For more information and to open an account, you can visit the provided link.
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