Letztes Update: 29. September 2024
The barriers to investing are getting lower and lower and with radicant Saveback you are now even rewarded for paying by receiving up to 1% of your card turnover on your radicant investment portfolio. I remember banks that had a complicated points system for card payments and the points you painstakingly collected could eventually be exchanged for a set of knives or a Ferrari shower gel. With radicant Saveback, this is much simpler and more sustainable. Incidentally, radicant is the first provider to offer Saveback in Switzerland, so in this article we take a closer look at how Saveback works.
radicant
You can read more about the bank radicant, which is licensed in Switzerland, in the article “Sustainable banking & investing with radicant“. You can find out how radicant’s unique impact rating works and how investments are made in impactful companies in the article “radicant SDG Investing: What the new bank does differently“.
When paying with your radicant Visa debit card – whether with the virtual or physical card – you will now receive a saveback on your investment portfolio. The saveback will be credited to your oldest portfolio. You can also open several portfolios with radicant and thus pursue different savings goals individually, such as for retirement or your children’s education.
Saveback payments are made retroactively in the following month. In order to benefit from the radicant Saveback, the conditions listed below must be met each month. If you do not meet them in one month, you will simply not receive a saveback in that month and the next month will be checked again to see if you have met the conditions. So you are not making a longer commitment, but can decide flexibly each month whether you want to fulfill the conditions and thus receive the saveback.
radicant Saveback
You receive 0.25% on your debit card transactions if:
- all your investment portfolios have a value of at least CHF 1,000.
- you invest at least CHF 150 per month in your investment portfolio.
The saveback is limited to a monthly spending volume of CHF 2,000. This means you receive up to CHF 5 per month credited to your investment portfolio as saveback.
radicant Saveback Premium
You even receive 1% on your debit card transactions if:
- all your investment portfolios have a value of at least CHF 10,000.
- you invest at least CHF 1,000 per month in your investment portfolio.
The saveback is limited to a monthly spending volume of CHF 2,000. This means you receive up to CHF 20 per month credited to your investment portfolio as saveback.
Set up a radicant investment savings plan
You can easily set up an investment savings plan with radicant. Tap on the plus at the bottom center of the screen and then on “Invest”. There you can set up a standing order from your radicant everyday account under “Savings plan”. The first execution date can be selected and you can also choose whether the investment savings plan should be executed weekly or monthly.
Alternatively, you can also set up a standing order from another bank account to your radicant portfolio. To do this, go to the relevant portfolio under “Investments” and then to “Settings”. There you will find the IBAN of the portfolio to which you can make a direct deposit.
radicant advantages
Don’t forget; with radicant you benefit from 0% fees for purchases abroad! So there are no Visa surcharges and no transaction fees. Even the two large, globally active neo-banks from the UK can’t compete with that.
In addition, with radicant you get an attractive interest rate on your everyday account, without any annoying withdrawal conditions.
Conclusion radicant Saveback
radicant Saveback makes investing easier and rewards you when you pay with your Visa debit card by crediting up to 1% of your card transactions directly to your radicant investment portfolio. In short: radicant offers you an attractive way to combine daily payments with building an impact-oriented portfolio.
Transparency and disclaimer
This post was made in collaboration with radicant, it reflects my subjective opinion.
If you open accounts or business relationships, order products or services through my links and codes, I may receive a commission for doing so. However, you will not suffer any disadvantages such as higher prices or the like. The terms and conditions of the respective providers apply. Affiliate links are marked with a *.
Investments are associated with risks which, in the worst case, can lead to the loss of the capital invested.
All publications, i.e. reports, presentations, notices as well as contributions to blogs on this website (“Publications”) are for information purposes only and do not constitute a trading recommendation with regard to the purchase or sale of securities. The publications merely reflect my opinion. Despite careful research, I do not guarantee the accuracy, completeness and timeliness of the information contained in the publications.