Obtain a 150-Euro Reward for Growney's ETF: Steps to Claim the Bonus
Eager to secure your golden years? Let's dive into Growney's Grow Life robotic advisor for your retirement savings.
Grow Life is a savvy financial product for private or flexible retirement savings. Aiming to build up your wealth faster, it lets you save until retirement and receive your cash either as a monthly payout or a lump sum afterwards. New users can snag a 150 Euro bonus with the code EXTRARENDITE by June 30, 2025, using the link* provided.
Remember, this article may contain affiliate links. We always recommend doing your own research before making purchases via these links.
Do you fret about old-age poverty? Many people do, and that's why it's crucial to tackle the topic of retirement planning at a young age. Although Germany has statutory pension insurance, factors like demographic change, political uncertainties, economic crises, and inflation make trust in pensions dwindle. Thus, private retirement provision alternatives become desirable. And that's where Growney—your friendly, savvy robotic advisor—comes in to help.
Rock 'n' Roll with Grow Life
Growney now presents a product tailored for flexible retirement provision: Grow Life. This is a innovative, long-term investment strategy where you can deposit funds monthly, utilizing those funds to invest in ETFs or stocks through a regular savings plan. Wondering why starting early matters? The earlier, the better—starting now boosts your potential returns. Alternatively, you can make one or more lump-sum payments. Unlike classic savings plans, no taxes are incurred during the savings phase, thanks to the tax advantages, allowing your wealth to grow faster. When the savings phase concludes (i.e., at retirement), you can withdraw your cash in full, or in monthly installments, helping your statutory pension along the way.
Growney takes care of the appropriate investment strategy for you based on your preferences and risk tolerance. You need no prior knowledge or experience in trading securities to utilize Grow Life, making it accessible for everyone.
Score a 150 Euro Bonus with Grow Life!
Here's how to secure your bonus:
- Sign up for Grow Life with Growney by June 30, 2025.
- Enter the code EXTRARENDITE during registration.
- Create a Grow Life savings plan with a minimum monthly rate of 100 Euro and keep it active for at least one year OR
- Make a one-time deposit of at least 40,000 Euro and keep it in the insurance contract for at least one year.
Once you meet all participation requirements, you'll receive the bonus which will be added to the reference account linked to your Growney account. Since the savings plan must be saved for at least a year, or your one-time investment must remain in the insurance contract for a year, you'll receive the bonus money no earlier than August 2026.
Who qualifies for the deal?
All new customers who have not opened an account, a securities account, a savings account, or a Grow Life contract with Growney can participate. Existing customers cannot take advantage of the EXTRARENDITE deal.
By now, we hope you've gained a good understanding of Grow Life and how to claim your bonus. Have additional questions? Check out the FAQ section below for more information about the private pension scheme from Growney.
Frequently Asked Questions: Grow Life Explained In-depth
While the essentials of Grow Life have been explained, we thought it would be helpful to address some common questions and concerns about the pension scheme. You'll find answers to the most pressing questions here.
How exactly does Grow Life work?
Grow Life is Growney's private pension plan. You make either a one-time or monthly deposit that is invested with a focus on returns. During the investment phase, you benefit from tax advantages, allowing you to accumulate wealth faster, as more capital remains invested. Once you reach retirement, you can withdraw all the funds, either in one go, via monthly installments, or as a one-time partial withdrawal combined with a monthly pension.
What are the minimum savings rate and one-time amount?
The minimum monthly deposit for Growney is €100, with the maximum rate pegged at €25,000 per month. For one-time investments, you must deposit at least €40,000, up to a maximum of five million euros.
Can you make extraordinary additional payments?
Yes, you can also deposit additional funds of €500 to five million euros per month, free of charge.
Are partial withdrawals possible before retirement?
Absolutely. If you need access to your funds before retirement, you can withdraw portions of it at any time. You can receive at least €100 monthly if required, but there must be at least €400 left in the account at all times.
Is my money safe with Grow Life?
Growney guarantees the payout of your assets with Grow Life in partnership with insurance partner Standard Life. This means your money is secure. Additionally, there's insolvency protection available.
What happens in case of death?
If you die before retirement, all your savings will be passed on to your relatives. If you die before your 75th birthday, Growney promises you'll receive at least the payout of the sum of all contributions made. After retirement, you can choose between two options to secure your dependents: 1) A pension guarantee period, during which the pension is paid for a certain period. 2) A capital protection, ensuring that the remaining capital is paid out in the event of death, provided it has not been fully utilized for pension payments. You must select between these options at least one month before retirement.
What costs are incurred?
Grow Life from Growney boasts a favorable cost structure: 1.5 percent of the monthly contributions in the savings plan, 0.5 percent from the one-time amount (maximum €500) annually, 0.57 percent per year on the fund assets annually, 0.0 percent to 0.22 percent fund costs per year, and 0.3 percent portfolio management fees per year.
Risk warning: Stocks, cryptocurrencies, and investments are generally associated with risk. A total loss of the invested capital cannot be entirely ruled out. The articles, data, and forecasts presented here are not a recommendation to buy or sell securities or rights. They also do not replace professional advice.
Additional Resources
If you're intrigued by financial products, consider these articles:- Scalable Capital: What you need to know about the popular online broker- JustTrade: What you should know before opening a trading account- Neobrokers tested by Stiftung Warentest- The pros and cons of Trade Republic- Trade Republic: How much does the neobroker cost?- Answers to the 10 most important questions before opening a Trade Republic account
As always, we encourage you to do thorough research and consult multiple resources before making any financial decisions.
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Growney's Terms of Service
- Growney's Grow Life robotic advisor is a long-term investment strategy for private retirement savings, aimed at helping users build wealth faster.
- Grow Life allows users to invest in ETFs or stocks through a regular savings plan, with the option to receive their savings either as monthly payouts or a lump sum upon retirement.
- New users can enjoy a 150 Euro bonus by signing up for Grow Life with the code EXTRARENDITE before June 30, 2025, but existing customers are not eligible for the deal.
- Users' investment preferences and risk tolerance are considered when Growney manages their investment strategy, making it accessible for everyone with no prior knowledge or experience in trading securities.
