thukyd/scalablecapitalbrokerinterest

This Python script is designed to compare two different subscription options by Scalable Capital in terms of interest rate

Scalable Capital Subscription Comparison

Overview

This Python script is designed to compare two different subscription options offered by Scalable Capital. These options are:

1. Primer Broker: A subscription that costs €2.99 per month with no interest on savings.
2. Prime + Broker: A subscription that costs €4.99 per month and offers an annual interest rate of 2.6%, paid out quarterly.

The script calculates the final amount of money you would have for each option given an initial investment and a specified number of months. It also finds the minimum initial amount at which "Prime + Broker" becomes a more attractive option than "Primer Broker".

How to Run

1. Clone the repository to your local machine.
2. Navigate to the folder containing the script.
3. Run python scalable_capital_comparison.py in your terminal.

Usage

1. The function calculate_primer_broker(months, initial_amount) calculates the final amount for the "Primer Broker" option.
2. The function calculate_prime_plus_broker(months, initial_amount) calculates the final amount for the "Prime + Broker" option.
3. The function find_threshold(months) finds the initial amount where "Prime + Broker" becomes more financially attractive than "Primer Broker".

Example Output

When running the script with an initial amount of €10,000 for 12 months, the output might look like this:

With €10000 for 12 months:
Final amount with Primer Broker: €9643.88
Final amount with Prime + Broker: €9754.34
The threshold amount for 12 months is €71900

License

Apache-2.0 license