Vienna (OTS) – Bundesschatz, the federal government’s new investment product, is available today at www.bundesschatz.at. All private investors with an active ID Austria (with full functionality) can use a modern and attractive investment product that sets new standards in terms of user-friendliness and speed. “The new Federal Treasury creates a free and highly secure investment alternative to banking products with fair interest rates for everyone. Creating an account is done in no time and meets the highest security standards. That is unbeatable. I have been a Federal Treasury customer from the very beginning,” said Magnus Brunner, Federal Minister for finance.
You can join from just 100 euros – without any expenses or fees. Federal treasures are securities of the Republic of Austria that can be purchased directly from the Republic of Austria. They are available in various terms from one month to ten years starting at just 100 euros. They are therefore suitable for all safe investment needs and are particularly interesting for cost-conscious private investors, as the Republic of Austria does not charge any expenses or fees.
“Another advantage of the federal treasury is that fair and competitive interest is paid regardless of the amount of the assessment, i.e. from just 100 euros. Everyone, regardless of whether they are new or existing customers, receive the same interest rates,” says Markus Stix, spokesman for the management of the Austrian Federal Financing Agency.
Fair fixed interest rates “The interest rates for the respective terms are set daily and are based on current market interest rates. The interest rate is always fixed for the entire selected term, meaning it cannot change,” explains Stix. The interest rates depend on the respective term and are currently between 3.50% pa (1 month term) and 2.50% pa (10 year term). There is currently an inverted interest rate curve on the market, meaning investors receive higher interest rates for short-term investments than for long-term investments.
Simple investment with the full security of the Republic of Austria Federal treasures can be purchased via the website www.bundesschatz.at. Authentication takes place exclusively via ID Austria (with full functionality). This brings great advantages in terms of the security of the product compared to other types of authentication and guarantees quick and efficient account opening. “Bundesschatz is the first financial product in Austria to use ID Austria technology when opening and managing accounts. This is how we guarantee double security. Secure returns in combination with the highest technical security standards. “The federal government is setting a good example here,” adds Brunner.
After setting up the federal treasury account, the acquisition is quick and easy by transferring the desired investment amount from the reference account at a bank to the cash account of the Republic of Austria. Since federal treasury is assessed directly by the federal government, no deposit insurance is necessary. The money is therefore absolutely securely invested even beyond 100,000 euros.
“When purchasing federal treasuries, in contrast to federal bonds, a securities deposit with a depository institution is not necessary. This means that this form of financial investment is completely free of charge. Federal treasuries also have a decisive advantage for private investors: they have no price risk. “So right from the start you know exactly how much interest you will receive at the end of the term and how high the payout amount will be,” says Stix, explaining the difference between federal treasuries and federal bonds.
Green federal treasures as a world first When it comes to terms, customers can choose between classic federal treasuries with terms of 1 month, 12 months and 10 years. There is also an absolute novelty in the Austrian investment universe: for anyone who wants to invest their money in a particularly sustainable way, green federal treasuries with a term of 6 months and 4 years offer the ideal opportunity to do so. Magnus Brunner, Federal Minister of Finance, said: “With green federal funds, in contrast to the classic format, the money is invested exclusively in green projects. Here the funds are dedicated and are used exclusively to finance green spending and investments by the state, such as expanding the rail infrastructure or enabling the green energy transition. The Republic of Austria is the first country to offer a green private investor product in euros on the financial market worldwide, thereby enabling investors to make green investments at short notice and without expenses.”
Important note about the ID Austria registration with full functionality, which is required to use Bundesschatz: Access to ID Austria is free and registration is easy and unbureaucratic in numerous authorities (e.g. municipal offices, district authorities, state police departments, tax offices) throughout Austria. In addition, ID Austria is the basis for the digital ID platform and – in addition to access to the new federal treasury of the Republic of Austria – offers numerous other applications from the areas of administration and business (e.g. access to FinanzOnline, social security, document service, entire reporting system). Almost 2.8 million people have already registered or are using ID-Austria. Further information about ID Austria (including registration options) can be found here: https://www.oesterreich.gv.at/id-austria.html
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Questions & Contact:
Federal Ministry of Finance (press spokesman for the Finance Minister) Vincenz Kriegs-Au, Tel. +43 (0)1 51433 / Mobile: +43 664 2640821 Email: vincenz.kriegs-au@bmf.gv.at
Austrian Federal Financing Agency (press office) Christian Schreckeis, Tel. +43 (0)1 5125211-48 Martin Stenitzer, Tel. +43 (0)1 5125211-11 E-Mail: presse@oebfa.at
