Satispay enters the world of investments with Remunerated Savings Bank

After revolutionising payments and simplifying daily money management, Satispay enters the world of investments by launching Salvadanaio Remunerato, a service that will allow its more than 5.5 million Italian users to start investing with the same simplicity with which they pay for a coffee today, without any minimum amount and with the flexibility to put in and withdraw money whenever they want. Satispy users directly access the investment with the new function Salvadanaio Remunerato which means investing in an Amundi money fund that yields 2.24% per annum before tax. Commissions are 0.17 per cent.

"We started by simplifying payments and we want to do the same with the world of investments," emphasises Alberto Dalmasso, co-founder and CEO of Satispay. - When we introduced the Savings feature in 2018, we immediately found great enthusiasm from our users and now - with more than 1 million people having set aside savings of more than 250,000,000 in piggy banks over time - we are ready to take the next step together with them." The piggy bank function remains but is functional for payments. Obviously without any additional costs. On average, each owner has saved around €250 since the launch of the function in 2018.

Now the company is launching a product to manage liquidity, a concrete tool to enhance savings in a simple, transparent and flexible way. "Salvadanaio Remunerato": designed to help Italians make the most of the liquidity tied up in their current accounts and based on a monetary mutual fund with a class created in collaboration with Amundi, it will offer an advantageous yield estimated at 2.24% annualised as at 05/05/25, net of fund costs and before tax. "This product is designed to offer a stable and competitive return on liquidity, intercepting a concrete need," adds Dalmaso. "More than 1,360 billion euros of Italians are today parked in current accounts and bank deposits, often without any form of return (source: FABI, 2024). In a market scenario where people choose not to invest their savings because of the complexity of the solutions on offer.

This is the first phase of a broader journey, with which the company wants to help democratise access to instruments that give people more value for their money in order to change a culture historically oriented towards savings and too little towards investment. It will be possible to invest without minimum amounts, with funds redeemable the next working day and taxation managed by Satispay through a partner. By the summer, new solutions will be announced based on different risk profiles, always with a view to simplicity. 'There will be few alternatives,' concludes Dalmaso, 'always with a view to keeping our service simple and immediate, with an eye on the most favourable costs and commissions.