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by Fintechnews Switzerland
April 4, 2024
N26 introduced the launch of its Shares and ETFs buying and selling product in Germany.
The corporate additionally introduced an elevated rate of interest of 4% on Instantaneous Financial savings for N26 Steel clients from April ninth, 2024.
With the introduction of N26 Shares and ETFs, clients will be capable of handle their funding portfolio immediately alongside their private checking account, financial savings accounts, joint accounts, and their crypto portfolio, all throughout the N26 app.
The brand new Shares and ETFs buying and selling product will enable clients to purchase and promote shares of a whole lot of the preferred European and US property, and spend money on world ETFs. The vary of property obtainable to commerce is ready to broaden progressively to over a thousand shares and ETFs within the coming months.
With a easy pricing construction of a hard and fast 0.90 EUR per commerce, German clients will be capable of make investments at some of the aggressive costs available in the market, with out being charged commissions or custody charges.
N26 clients with N26 You and N26 Steel memberships will even be capable of profit from free trades as a part of their subscription. N26 You clients could have 5 free transactions per thirty days included as a part of their membership, whereas N26 Steel clients will get 15 free transactions per thirty days. As well as, the digital financial institution plans to roll out free recurring Funding Plans within the upcoming months, giving all clients entry to fee-free investing.
Valentin Stalf
Valentin Stalf, Founder and CEO at N26, mentioned:
“With this new function, we’re increasing our product portfolio without delay to supply our clients some of the engaging funding and saving merchandise in Germany.”
N26 Shares and ETFs shall be made obtainable progressively to eligible clients in Germany over the approaching weeks.
*Supply: German Inventory Institute (Deutsches Aktieninstitut) 2023 knowledge, the place 17.6% of Germans over the age of 14 at present personal shares, inventory funds or ETFs.
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