Flexible Savings Account
Park your capital risk-free and with full flexibility
The Parkkonto (flexible savings account) allows you to deposit available capital under attractive conditions and without investment risk, enjoying a high degree of flexibility thanks to deposit and withdrawal options. It also includes protection for your beneficiaries in the event of death.
Benefits of this insurance
Your capital earns interest that is adjusted quarterly according to market conditions, without exposure to financial market volatility.
You can withdraw from €1,000 once a month, up to twelve times a year, free of charge.
If the insured person dies, the full capital passes to the beneficiaries.
The account is taken out for a maximum term of five years, with the possibility of early cancellation.
What is covered
Minimum deposit
Opening from €5,000 of capital.
Additional contributions
You can make additional contributions from €1,000, starting three months after opening.
Choice at maturity
At the end of the five-year term, you choose between converting the capital into a lifelong annuity or receiving the full payment.
Early cancellation
You can fully cancel the contract with two weeks' notice at the start of each month.
What is not covered
Fixed long-term guaranteed return
The interest rate is reviewed quarterly based on market conditions and may therefore vary during the contract term.
Multiple partial withdrawals below the minimum
Withdrawals below €1,000 or that leave the balance below €5,000 result in the account being closed.
Real claim examples
Parking proceeds from a sale
A client who sold a property deposits the amount while deciding on their next investment, enjoying liquidity and returns during the process.
Supplementary monthly withdrawals
A retired client makes monthly withdrawals from her flexible savings account to supplement her pension.
Frequently asked questions
Can I cancel before the five years are up?
Yes, with two weeks' notice at the start of each month you can fully cancel the contract.
What if I need to withdraw all my money at once?
You can request the full closure of the account and receive the total amount.
Can I convert it into an annuity before the term ends?
Yes, it is possible to request conversion into a lifelong annuity before the end of the savings period.
What happens if I die during the term?
Your beneficiaries receive the accumulated capital, including any profit shares already allocated.
Do you have available capital you want to keep safe and flexible?
Tell us about your situation and we will explain the current terms of the flexible savings account.
Request free advice