Invesco & Consorsbank Team Up for Fee-Free ETF Savings Plans
Invesco and Consorsbank have announced a three-year cooperation, offering fee-free ETF savings plans for a wide range of ETFs, including 66 Invesco ETFs. This move, effective from October 1st, aims to make regular investing more accessible and affordable.
Florian Förster, ETF Sales Manager Wealth Management at Invesco, highlights the benefits of ETF savings plans. He explains that these plans allow investors to build wealth over time with small, regular investments and broad diversification.
Consorsbank customers can now invest in about 1,579 ETFs, including the 66 Invesco ETFs, without paying the usual 1.5% execution fee. This permanent waiver applies automatically, without the need for customers to check if the ETF is part of a special offer. The cooperation, set to last until October 2025, will see more ETFs added as they are listed on Tradegate.
Customers have the flexibility to choose from various savings intervals, execution dates, and amounts starting at €25 per month. This customisation caters to different investment strategies and risk appetites.
The collaboration between Invesco and Consorsbank simplifies ETF investing, making it more accessible and cost-effective. With no execution fee for ETF savings plans, investors can now grow their wealth over time with regular, diversified investments.
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