Supported mode
Select the risk level «0 = No risk».
Save with an interest-bearing vested benefits account
There are times in your life when you don’t want to take any risks. This may be due to investments you have planned in the near future (e.g. purchasing a property), because you are about to retire or because you are unwilling to take risks in general. In cases like these, frankly offers the vested benefits account with interest on your cash assets.
The advantages you get from holding your vested benefits assets in cash:
- Even if your vested benefits are not invested in securities, you will benefit from the compound interest effect in the long term.
- You can avoid the risk of making big losses as a result of an equity market downturn. This can be especially relevant if you are coming up to retirement age or you want to use your pension assets in the near future, e.g. to purchase property.
- You don’t pay an all-in fee on your frankly vested benefits account with cash assets.
The current interest rate – vested benefits account
With the vested benefit account, you currently receive an interest rate of 0.20% on your cash assets.
How do I open a vested benefits account with interest?
Register for frankly online in the app or computer. Then open frankly and select the risk level «0 = No risk» in the «Open an account» stage in Supported mode. You receive an interest rate on your cash assets.
