Baader Bank Introduces Interest Account in B2B Depot Market

Baader Bank has expanded its product portfolio by launching an interest account for its B2B depot business. This new product targets retail customers through B2B account partners, marking a shift towards offering banking services beyond security trading. Oliver Riedel, Deputy CEO of Baader Bank AG, stated that the swift implementation highlights the bank's market-oriented approach to product enhancement.

The introduction of the interest account significantly increases Baader Bank's attractiveness for online brokers, online wealth managers, and traditional banks. Smartbroker+ is the first cooperation partner offering this account, with others to follow shortly. Customers benefit from access to assets at any time, allowing same-day transfers to their internal cash accounts.

Baader Bank plans to further expand its offerings with more overnight and time deposit products. This development aligns with their goal to broaden the account and securities management product group.