Co-founder of Affari Miei
January 16, 2024
Today I’m back to talking about solutions for invest your savings. The tool at the center of the review is the Banca Popolare di Milano deposit account. Its offer in this sense is not linked to the creation of a traditional deposit account.
If you are interested in considering other savings solutions and are curious about personalized investments, continue reading!
This article talks about:
Who is Banca Popolare di Milano?
Banca Popolare di Milano is part of the Banco BPM SpA group, the third Italian banking group, born from the merger between Banco Popolare and Banca Popolare di Milano.
Is managed savings from Banca Popolare di Milano safe?
I can answer yes to this question without doubts and doubts. If you decide to entrust your savings to Banca Popolare di Milano you can be sure because the banking group confirms itself as solid with its CET1 Ratio.
Remember that for amounts up to 100,000 euros there is a state guarantee to protect you with its Interbank Deposit Protection Fund.
Characteristics of the Banca Popolare di Milano Deposit Account
Banca Popolare di Milano does not offer real deposit accounts in the traditional sense, but solutions for personalized savings and investments.
Beyond the savings book for the little ones (which I will analyze shortly) as a proposal closest to the actual deposit account, currently you will not find a Banca Popolare di Milano fixed deposit account or Banca Popolare di Milano non-restricted deposit account, but of the personalized services offered by the banking institution’s professionals.
With their skills and experience they will be able to think of personalized savings and investment plans based on the risk you want to take and the time horizon of the investment you choose. Let’s delve deeper into this complex range of proposals from Banco Popolare Milano.
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Brucoconto savings book
As just mentioned, the Banco Popolare di Milano product closest to a deposit account is the savings account.
In this case, however, it is not a real booklet, but a product intended for children and for the valorisation of the savings reserved for them. Beyond the investment function, it is a tool that can prove useful and educational for your children or grandchildren, thanks to which they can start managing their sums of money while having fun, as the name suggests. of the booklet.
What are the costs of Brucoconto
The economic conditions offered by this savings book, designed by Banco Popolare di Milano for the little ones, are quite advantageous.
It has zero management costs, you don’t have to pay any stamp duty for deposits under 5000 euros, the rate is 1.10% for amounts up to 1200 euros. Once this figure is exceeded, the rate reaches 0.10%.
BPM Investimenti: opinions on mutual funds
IMutual funds they are another tool that has a similar purpose to that of deposit accounts – that is, to deposit savings as a form of investment – but it is not a product of this kind.
By choosing this option you can easily invest even small sums of money, but the administration of your savings is managed by the professionals of Banco Popolare di Milano, who will take care of your sums of money with the aim of creating value, monitoring the financial markets and buying or selling your financial assets.
This would not preclude you from following your investment personally on a daily basis, on the contrary you can also monitor its progress through Banca Popolare di Milano online, as well as naturally by consulting sector newspapers.
The mutual funds offered are as follows.
Anima Sgr
Anima Sgr which sorts its mutual funds into four investment lines to choose based on your specific needs:
Market Line: groups together traditional mutual funds, each of which invests in a specific market;
Profile Line: these are balanced products and in line with your risk profile;
Strategy Line: new generation flexible products, in which the manager is given great discretion in portfolio choices;
Solutions Line: products characterized by a predefined duration and a specific investment theme. Ethics Sgr
These are socially responsible mutual funds, through which you can invest your money in companies and states selected on the basis of environmental, social criteria and which adopt good governance practices.
The Funds belong to the Responsible Values System managed by delegated by Anima Sgr.
They are a type of responsible investment that generates social value, with a vision of growth in the medium-long term.
Eurizon
Eurizon mutual funds are socially responsible, in fact they belong to the “Ethical System” of Eurizon Capital Sgr. These are products that aim to achieve moderate growth in invested capital with the aim of implementing an investment policy inspired by ethical principles for the selection of issuers.
Asset management
With asset management you can invest capital that will be managed personally by professionals.
The investment will be personalized based on the risk profile you choose, the time horizon and the financial instruments you want to adopt. Thanks to your delegation, the team of Anima Sgr experts will take care of everything and will be able to follow your investment with the most advanced techniques and with the aim of revaluing your capital.
You will be guaranteed maximum transparency as you will periodically receive a report of each operation carried out. However, it is not a type of solution that I recommend, as you can read here.
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Characteristics of Anima SGR asset management
The services offered by this solution are:
Management of bonds and/or shares, mutual funds and Sicavs; construction of a portfolio consistent with return expectations and time horizon; periodic and transparent reporting; Top Manager service which allows you to invest in shares of multimanager Funds/Sicavs; eight easily accessible management lines, with a minimum initial payment of 25,000 euros; New Energy liquidity management: it is a simple and innovative service through which the money in your account, when it exceeds a pre-established threshold, is automatically invested in financial instruments that can be immediately liquidated.
PAC BPM: reviews
Mutual Fund Savings Plans are an investment solution for small savers.
Savings plans (PAC) allow you to invest a small amount you have saved in a mutual fund every month.
Your account will be debited periodically for the sum you have decided to invest and, from time to time, you will receive new shares in proportion to the amount paid and the value of the share on the day of investment.
In particular, with a PAC you can:
reduce the risks of entering the market at the wrong time; decide yourself the amount to invest periodically; interrupt or suspend payments at any time, without penalties.
How to access the managed savings solutions of BPM Banca Popolare di Milano
To access the managed savings solutions of Banca Popolare di Milano you can call the bank’s toll-free number, write to BPM or go directly to one of the BPM branches closest to you to book an appointment and learn about the savings book, the funds investment municipalities, savings plans and joint management.
As it deals with dpersonalized plans It is important to have direct consultancy with the banking institution’s professionals, capable of giving advice and directing you towards the most suitable solutions for your financial solution and the results you want to achieve through these types of investments.
My Business Opinions
Having reached this point of the most detailed review on the web on the managed savings offer of Banca Popolare di Milano, you know in detail what it can offer you. If you came across this article thinking that you would find all the features of a restricted or unrestricted deposit account, you will have been disappointed.
In fact, if what you have in mind is still a investment in a traditional savings account, this complex BPM proposal is not for you. I advise you to look further and look for a simpler and more traditional proposal.
If, however, this review has intrigued you and broadened your horizons, making you think about new investment possibilities, such as the very interesting ones aimed at generating social value, it could be right for you.
If you have a good sum of money and you want to invest your assets in a different way, being followed by a professional who can help you achieve your goals, as an expert in the financial market, I would like to recommend this banking institution, with which you can delve into the topic directly and draw up a plan tailor-made for you.
When BPM savings solutions are for you
if you are not looking for a traditional savings account, but are willing to invest your savings with different solutions; if you are looking for an alternative solution to the deposit account, also aimed at the youngest members of the family; if you are interested in being followed by a professional capable of managing your investment with the right skills and in-depth knowledge of the financial market; if you are interested in the high customization index that can allow you to create a tailor-made plan for you, based on the risks you want to take, the capital you want to invest and the sectors in which you want to invest; if you have been interested in a type of responsible investment that generates social value for some time.
When BPM Savings Solutions isn’t for you
if you are looking for a traditional deposit account and the solutions proposed by Banco Popolare di Milano cannot satisfy your needs; if you are not interested in a direct relationship with a professional who manages your investment; if you are not interested in savings solutions aimed at children: if you are not at all interested in the type of responsible investment.
Conclusions
Now you have nothing left to decide whether to consider BPM’s offer for savings and investment management solutions, but I advise you to compare this offer with that of other institutions. Take advantage of the free service TOP Deposit Account.
Con TOP Deposit Account you have at your disposal the complete offers of all banks regarding deposit accounts, find the best account for you now.
Useful Resources
If you have come here because you are looking for advice on investing your money and want to understand how to operate best, I recommend starting from these thematic paths that I have written for you:
Good continuation.
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