Share Savings Plan – Costs for Investors
When choosing your stock savings plan, cost is an important consideration. Since these vary from bank to bank, you should take a very close look.
Some providers do without one custody feewhen setting up a savings plan. Neobrokers such as Scalable Capital, Trade Republic or finanzen.net zero, for example, offer free share savings plans. There is usually no classic order commission, which is incurred for individual purchases of shares. With stock savings plans, it is common for a fixed percentage of the savings rate to be deducted as a fee. This Execution Fees are between 0.20 percent and 2.5 percent for most direct banks. These costs are comparable to the costs incurred with an ETF savings plan.
Compared to ETFs and funds, share savings plans have a monetary advantage. Because with share savings plans arise no running costs for administration, unlike most ETFs. However, you should also consider when choosing a broker Pay attention to minimum fees. Because some providers such as Smartbroker charge a minimum fee or even a maximum fee.
Product recommendation: The costs for custody account management and order fees have a direct effect on the return. Therefore, choose a cheap depot provider who does not charge any fees for depot management, for example this finanzen.net zero depot1. There you pay neither custody account nor account management fees, you will also find free share savings plans there, with which you can also save money for your children.