Smart Deposit

The least risky investment product
from Finax

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3,6%

Gross variable annual yield

The alternative to savings accounts

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.

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Short-term product

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Return of 3.6% p.a.

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Tax efficient

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A fee of only 0.5% p.a.

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Minimum volatility

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Withdrawals at any time

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3.6% p.a. is the yield to maturity as of 14.06.2024, as reported by ETF product creators. The yield is floating, is linked to the ECB base deposit rate and does not include Finax fees of 0.5%.

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Return up to €500 per year is tax-free for Slovak tax residents. Returns are tax-free if you hold the investment for more than a year. Tax deduction is valid for slovak residents. The tax treatment depends on each client's individual circumstances and may change in the future.

Earn more and leave banks in the dust

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...

Low risk

Minimal fluctuation

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.

Return of 3.6% p.a.

Gross variable yield

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

Without taxes

And without any commitment

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.

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Tax treatment depends on each client's
individual circumstances and may change in the future.

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3.6% p.a. is the yield to maturity as of 14.06.2024, as reported by ETF product creators. The yield is floating, is linked to the ECB base deposit rate and does not include Finax fees of 0.5%.

Better return than in the bank

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.

0,19%

Savings account at the bank

0,26%

1 month term deposit

1,39%

12 month term deposit

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Why is the Smart Deposit safe?

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.

Move money from the bank to Finax

with a fair return, low risk and
no commitment

I want a better return

Look at our blogs, podcasts, webinars

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DO YOU HAVE FURTHER QUESTIONS?

Opening an account with Finax is simple and fully online. Just click on "Let's start" in the top menu bar. From there, you will be taken to the registration page where you can choose your investment goal and answer a few questions about your investment preferences and risk profile. Based on your answers, we'll select a suitable investment strategy for you. Next, you'll create your online access, verify your identity using biometrics, provide personal information, confirm your contact details, and sign the portfolio management agreement online. Once you've completed these steps, nothing will hold you back from effectively growing your wealth. More information.

Finax was established by Juraj Hrbatý, a seasoned financier with 16 years of experience, and Radoslav Kasík, who brings 9 years of experience as a portfolio manager. The company's management team also includes Ján Jursa, Ján Tonka, Michal Vaculik, and Juraj Šnirc, each with extensive backgrounds in various departments of banks, securities traders, and asset management companies. More information about the Finax team.

Finax is a participant in the deposit guarantee scheme through the Investment Guarantee Fund, providing protection for your assets up to 50,000 euros. As a securities broker, we adhere to strict regulations governing the management of your assets and ensure a clear separation between your assets and our company's assets. For more information, please visit the page www.garancnyfond.sk.

Check the ongoing promotions to obtain an even higher discount.

At Finax, we provide various discounts to make your investments with us even more profitable. Alongside regular special offers, we offer several permanent discounts that allow you to exempt a part of your assets from the portfolio management fee: discount for inviting a friend and for transferring investments to Finax from competitors.

All frequently asked questions

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