Observed Signal · Nov 9, 2026 · Product Launch · Source: Trending Topics (DACH/CEE Innovation & Tech) · Impact: 1/5 · Sentiment: Positive
Scalable Capital Launches Fixed Deposits Up to 3.25% in Austria
Scalable Capital has entered the Austrian savings rate war by launching fixed-term deposits (Festgeld) with yields up to 3.25% per annum. The Munich-based neobroker offers terms of six months at 2.75%, twelve months at 3.00%, and twenty-four months at 3.25%. Investments can start from as little as one euro with no upper limit, and customers can hold up to five fixed-term accounts simultaneously. This move follows Scalable's October establishment of a banking subsidiary in Vienna, making it tax-simple for Austrian clients. The competitive landscape sees Trade Republic offering a 3.00% rate for new customers on deposits up to €50,000, while Revolut lags with up to 2.00% depending on subscription tier. Despite the attractive headline rates, real returns remain negative after accounting for Austria's 25% capital gains tax and an inflation rate of 3.6%.
The news is relevant to the AdTech/MarTech industry only tangentially, as it concerns consumer banking products and interest rates. It does not directly impact digital advertising, marketing technology, or related sectors.
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Key Takeaways & Evidence Grounding
- Scalable Capital launches fixed-term deposits in Austria with rates up to 3.25% for a 24-month term.
- Fixed-term deposit rates are 2.75% (6 months), 3.00% (12 months), and 3.25% (24 months).
- Minimum investment is €1 with no upper limit, and customers can open up to five fixed-term accounts.
- Scalable Capital opened a banking subsidiary in Vienna in October 2026, becoming tax-simple for Austrian clients.
- Trade Republic offers 3.00% for new customers on balances up to €50,000, while Revolut offers up to 2.00% depending on subscription tier.
- Austrian inflation in October was 3.6%, meaning real returns remain negative after 25% capital gains tax.
Connected Companies & Entities
“Scalable Capital now offers fixed-term deposits in Austria with rates up to 3.25%.”
“Trade Republic offers 3.00% for new customers on balances up to €50,000 and is compared in the article.”
“Revolut offers lower interest rates and is not yet tax-simple for Austrian customers until 2027.”
Related Market Signals & Shifts
Recent verified developments and strategic activity across this market segment.
Austrian Fintechs Welcome Child Investment Account, Seek Changes
Bitpanda, froots, and Scalable Capital have welcomed Austria's planned 'Zukunftsdepot,' a tax-advantaged child investment account set to launch in July 2027 with a €500 state-funded opening balance. In public consultation submissions, the fintechs proposed changes including tax-free dividends, the inclusion of individual stocks, and crypto assets. Bitpanda detailed ten points, advocating for full digitalization, broader provider eligibility, tax-free income, and the option for third-party contributions. froots suggested extending the saving period to age 25 and making contribution limits flexible. Scalable Capital expressed general support. Bitcoin Austria also supported the plan but called for Bitcoin inclusion. Critics, including labor unions, the Greens, and Caritas, argue the account benefits mainly wealthy families and may cost hundreds of millions in tax revenue. Technical objections were raised by the Chamber of Labor, the central bank, and the constitutional service.
Revolut Offers 4.25% Tagesgeld to Win German Customers
Revolut has entered Germany's savings-rate competition by offering new customers 4.25% interest on a Tagesgeld account for four months, the highest currently available according to comparison site Verivox. Deposits for newly opened Revolut savings accounts will be held at Deutsche Bank and protected by German deposit insurance up to €100,000; Revolut previously used Lithuanian deposit insurance. The move follows recent high-rate promotions from entrants such as JPMorgan Chase and Consors Bank and forms part of Revolut's broader marketing push in Germany, which has included campaigns with Mario Götze, Berlin Marathon sponsorship, airport advertising and an Audi F1 team deal.
Scalable Capital Founder Details Marketing and Product Plans
In an OMR Podcast interview, Erik Podzuweit, founder of neobroker Scalable Capital, discussed the company’s recent strategic work, marketing ideas and a new product. Podzuweit described Scalable’s multi-year infrastructure build — including custody, a bank license, a core banking system and its own exchange — and said those projects free resources to launch many new end products. He revealed a new Tagesgeld (savings) offering with a 2.5% interest rate. The conversation covered marketing choices (noting competitor Trade Republic’s autumn 2025 campaign with rapper Luciano) and Podzuweit’s own proposal to work with rapper Haftbefehl using the slogan “Chabos wissen, wer der Broker ist.” He also discussed AI’s impact on SaaS metrics, warning about weaker net retention, and described a shift in investor focus toward “Halo” (High-Asset, Low-Obsolescence) businesses.
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