How secure is FestPlus?

FestPlus can be a suitable alternative to a fixed-term deposit if you dont need your money until September 2027 but still appreciate the greater flexibility. If none of over 400 bonds default during the term, you will get your deposit back at the end of the term with the corresponding yield. The yield on 28th of October 2024 was 2.81% per year. In principle, FestPlus invests your money in a broad basket of corporate bonds with good credit ratings, which reduces the risk of default. Also, no bond may account for more than 3% of the total investment amount in the portfolio, so there is no cluster risk. As with any investment, however, a loss or even a total loss cannot be ruled out. However, FestPlus is developed in such a way that this can be classified as unlikely.