Amsterdam, 15 June 2023 - BUX, Europe’s fastest growing neo-broker, announces an increase in its interest compensation on uninvested cash from 2.01% to 2.30%. The change follows the announcement by the European Central Bank (ECB) to further increase interest rates. The increased interest compensation kicks in on 1 July 2023 and affects all BUX customers.
The increased interest compensation ensures a higher guaranteed return for customers who are looking for a safe place to invest their money. In response to the ECB rate changes, BUX has shown its commitment to providing its clients with the best possible investment opportunities, especially those who have been affected by the low-interest rates for the past couple of years.
“At BUX, we are always looking for ways to offer our clients better value and greater returns on their investments,” said Yorick Naeff, CEO of BUX. “The ECB's announcement was a perfect opportunity for us to increase our interest compensation and ensure that our clients are rewarded for keeping their funds with BUX.”
The new interest compensation means that BUX clients can earn a higher yield on their uninvested cash up to €25,000, allowing them to grow their money at a faster rate. The rise in interest compensation is also another step towards ensuring that BUX remains one of the leading online investment platforms in Europe.
BUX understands the importance of offering clients a transparent, secure, and competitive investment platform, and this interest compensation increase is just one of many ways that it continues to do so. BUX is dedicated to providing its clients with the best possible investment opportunities, and the increase in interest compensation is just the latest in a long line of initiatives towards this goal.
BUX works with a very experienced partner. ABN AMRO Clearing Bank N.V. holds your money on a cash trading account and your money is protected to up to €100,000 under the conditions of the Deposit Guarantee Scheme (DGS).
With more than 1 million users, BUX is on a clear path to becoming Europe's leading neo-broker. With its intuitive investment app, BUX makes investing easier and more affordable for everyone. With BUX, investors can invest in fractional shares, ETFs, ETCs, and cryptocurrencies from 2019. Investing can also be put on autopilot through the BUX Investment Plan. BUX is currently available in the Netherlands, Belgium, France, Germany, Spain, Italy, Austria, and Ireland. The fintech scale-up is headquartered in Amsterdam and is backed by some of the most prominent international venture capital firms.