The Smart Deposit is an attractive alternative to term and savings accounts.
It offers a higher and stable appreciation of free funds without any commitment. The Smart Deposit is a managed portfolio built on money market ETFs.
Return of 3.8% p.a.
A fee of only 0.5% p.a.
Withdrawals at any time
Interest rates have risen for years, but banks are not yet in a hurry to reflect them into deposit products. The Smart Deposit allows you to take advantage of current interest rates. Without the need to commit funds for a year or more. The most conservative product in the Finax range is mainly used to store savings that you are likely to need within a year or don't want to tie up. You can use it as emergency fund or, for example, to save for holidays, gifts...
The Smart Deposit is the least risky investment product in the Finax offer.
It consists of cash ETFs with minimal volatility (up to 0.5%) and the highest quality bond ETFs with short maturities and investment grade ratings.
The portfolio's yield depends on the interbank borrowing rate set by the European Central Bank. If the central bank increases interest rates, the yield on the Bright Deposit also increases. If it lowers rates, the yield will fall.I want a Smart Deposit
The tax advantage and the possibility to withdraw the funds at any time represent a key advantage over term deposits. Income up to €500 per year is tax-free for Slovak tax residents. If you hold the investment for more than a year, you do not have to pay tax.
Comparison of average interest rates of savings and term products of the six largest Slovak
banks as of 20.09.2023 for the purpose of short-term deposit and appreciation of money.
Savings account at the bank
1 month term deposit
12 month term deposit
The portfolio of the Smart Deposit consists of four money market ETFs. The bulk is placed in funds replicating the short-term euro interest rate. The remainder is made up of European government and corporate bonds with an investment grade credit rating. The money market is the part of the financial market where securities with a maturity of up to one year are traded. Due to the short horizon and nature of these instruments, their volatility and risk are generally low. The money market is considered to be the safest and most conservative financial market. Find out more about the Smart Deposit.
You can open an account in Finax simply and conveniently online. Click on Let’s start on the top menu bar. You will get to the registration, in which you can select the goal of the investing (product) and answer a few questions about the intended investment and your profile, based on which we will choose a suitable investment strategy for you. You will then create online access, biometrically verify your identity, provide personal information, verify contact details, and sign a portfolio management agreement online. Afterward, nothing will be stopping you from building your wealth effectively. More information.
Finax was founded by Juraj Hrbatý, a seasoned financier with 16 years of experience, together with Radoslav Kasík, who previously worked as a portfolio manager for 9 years. The company's management is completed with Ján Jursa, Ján Tonka, Zoltán Csiba, and Michal Vaculik with extensive experience from various departments of banks, securities traders, and asset management companies. More information about the Finax team.
Finax participates in the system of deposit guarantee scheme through the Guarantee Investment Fund. Your assets are protected up to 50 000 euros. As a securities broker, we adhere to very strict rules on managing your assets and strictly separate your assets from our company's assets. For more information, go to the page www.garancnyfond.sk.
Check the ongoing promotions to obtain an even higher discount.
Finax offers several discounts, thanks to which you can make your investment with us even more profitable. We regularly bring clients various special offers, but we also provide several permanent discounts, thanks to which you can exempt part of your assets from the portfolio management fee: discount for inviting a friend or discount for transferring investment to Finax from the competition.