Reap a 150 Euro Incentive for Growney's ETF Retirement Fund Investment
Ready to kickstart your future retirement plans? Introducing Growney's Grow Life Robo-Advisor - a solid choice for private or flexible retirement provision!
This yield-oriented financial product lets you save up until your golden years, and the options are versatile: either withdraw your savings monthly or in lump sums when you retire. The added perk of tax advantages during the savings phase allows your hard-earned money to grow faster.
New customers can snag a bonus of 150 Euro for Grow Life with the code EXTRARENDITE until 30th June 2025. Unlock the deal right now.
Rumour has it that the fear of old-age poverty drives many to tackle retirement savings at a young age. Although Germany has a statutory pension insurance scheme, factors such as demographic change, political uncertainty, economic crises, and inflation make the pension less reliable. Hence, private retirement provision options are increasingly popular, and this is where the Robo-Advisor Growney fits in.
Grow Life by Growney
Growney offers a product for flexible retirement provision - Grow Life. It's a long-term investment strategy wherein you make regular monthly contributions until your retirement, invested yield-oriented in ETFs or stocks similar to a regular savings plan. The sooner you start, the better! Alternatively, you can also make one or more single payments. Unlike classic savings plans, no taxes are incurred during the savings phase, allowing more capital to remain invested, expediting wealth growth. At the end of the savings phase (i.e., at your retirement), you can withdraw the money completely or monthly and enhance your statutory pension.
Growney takes the fuss out of selecting an investment strategy; they'll thoughtfully determine the suitable investment strategy for you based on your preferences and risk tolerance. No prior knowledge or experience in trading securities is needed to use Grow Life.
Seize the Grow Life Bonus
Claim Grow Life by Growney - Up to 150 Euro Bonus with code EXTRARENDITE Note: Risk warning
Growney is sweetening the deal with a bonus for new customers of the service. To qualify, follow these steps:
- Register for Grow Life by Growney by 30th June 2025*.
- Key in the code EXTRARENDITE during your registration
- Set up a Grow-Life savings plan with a minimum monthly rate of 100 Euro and continue it for at least one year OR
- Make a one-time payment of at least 40,000 Euro and maintain it in the insurance policy for at least one year
- Receive a 150 Euro bonus
Who can enjoy the offer?
All new customers who have not yet opened an account, a deposit, a savings account, or a Grow-Life contract with Growney are eligible to participate. Regrettably, existing customers do not qualify.
When do I collect the Growney bonus?
You will receive the bonus after fulfilling the requirements within the allocated time frame:
The 150 Euro bonus will be credited to the reference account linked to your Growney account as soon as all participation requirements are met. Since the savings plan must be saved for at least a year (or a one-time investment must remain in the insurance contract for a year), you can expect the bonus no earlier than in August 2026.***
Frequently Asked Questions: Important Information About Grow Life
Wondering how exactly Grow Life from Growney works? Also, are your savings safe, and can you access them before retirement? Here are the key questions on private old-age provision from Growney answered:
How does Grow Life work?
Grow Life is Growney's flexible private old-age provision solution. Until you retire, you pay in money once or monthly, which is then invested with a focus on returns. The interesting part: During this period, you enjoy tax advantages, allowing you to build wealth faster as more capital remains invested. Upon reaching your retirement, you can withdraw the money – either in a lump sum, monthly, or as a one-time partial withdrawal combined with a monthly pension.
What is the minimum savings rate and the one-time amount?
The minimum monthly savings rate at Growney is 100 euros, while the maximum is 25,000 euros per month. For one-time investments, you can invest a minimum of 40,000 euros to a maximum of five million euros.
Is it possible to make extraordinary additional payments?
You can make additional extraordinary payments of 500 euros to five million euros per month free of charge in addition to fixed savings rates or the one-time amount.
Can I access partial withdrawals before retirement?
In case of an emergency, you can withdraw parts of your savings before your retirement. The only requirement is that at least 400 euros must remain in the contract.
Is my money safe with Grow Life?
Growney ensures the payout of your assets with Grow Life together with the insurance partner Standard Life. Thus, your savings are secure. Furthermore, there is also protection in case of insolvency.
What happens in case of death?
If you die before your retirement, your entire savings will be passed on to your relatives. If you die before your 75th birthday, Growney guarantees the payout of the sum of all contributions made. After the start of retirement, you can choose between two options to safeguard your dependents: 1. A pension guarantee period, during which the pension is paid for a certain period of time, or 2. a capital protection, in which the remaining capital is paid out in case of death, provided it has not been fully exhausted for pension payments. The choice between the two options must be made at least one month before the start of retirement.
What costs are associated?
Grow Life from Growney boasts a favorable cost structure:
- 1.5% from the monthly contributions in the savings plan
- 0.5% from the one-time amount (maximum 500 euros)
- annually 0.57% on the fund assets
- annually 0.0% to 0.22% fund costs per year
- annually 0.3% portfolio management fees per year
Risk Warning:
Investments, stocks, cryptocurrencies, and financial products inherently carry a risk. A total loss of the invested capital cannot be ruled out. The published articles, data, and forecasts do not constitute a recommendation to buy or sell securities or rights. They also do not replace professional advice. For further information, please visit here.
With Growney's Grow Life Robo-Advisor, you can invest in a yield-oriented financial product that caters to personal-finance and private retirement provision. This long-term investment strategy allows you to make regular monthly contributions in ETFs or stocks, enjoying tax advantages during the savings phase for faster growth of your hard-earned money. New customers can secure a bonus of 150 Euro for Grow Life with the code EXTRARENDITE until 30th June 2025.
