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Between 01.11.2023 and 31.12.2023 you can earn up to 1.5% cashback bonus while investing with Klear. From this article you can learn how exactly it works.
How big is the cashback bonus?
It is 0.75% monthly (9% on a yearly basis!) and will be accrued for 2 months. So, it is 1.5% for the whole duration of the campaign, with a minimum of 10 BGN and a maximum of 200 BGN.
How can I earn a cashback bonus?
You just need to deposit money in your Klear investor profile and invest it on our marketplace, manually or using the Auto Invest function.
How is the cashback bonus calculated?
Cashback bonus is accrued only on the amount of money you add and keep invested during the campaign period (01.11.2023 - 31.12.2023). The cashback bonus is calculated every day using this formula:
Daily cashback bonus = (Outstanding for the day – Outstanding right before the start of the campaign) *0.02459%
“Outstanding” is the whole amount of money that you have invested at this point.
Important: If the outstanding for the day is lower than the outstanding right before the start of the campaign or equals 0, this will indicate that you have not added and invested additional money during the campaign – so the cashback bonus for this day will be 0.
Example:
Let’s calculate the daily cashback bonus for an investor who had added and invested 10 000 BGN the day after the campaign started. He also had invested 20 000 BGN before the start of the campaign. He will receive 0.02459% bonus every day of the campaign on the part of the 10 000 BGN that he keeps invested.
Outstanding for the first day = 30 000 BGN
Outstanding before the start of the campaign = 20 000 BGN
Daily cashback bonus rate = 0.02459% (=1.5% divided by 61, the number of days in the campaign)
Cashback bonus for the first day = (30 000 – 20 000) *0.0245978% = 2.46 BGN
So, each day until the end of the campaign the investor will earn another 2.46 BGN if she/he keeps the money invested (actually slightly more every day if all the daily proceeds, including all the earned interest, are reinvested).
Why is the bonus calculated daily? Isn't this too complicated?
It might seem complicated at first, but as you can see from our example, it is simple and straightforward. We wanted to make sure that the people who keep their money invested for a longer period will receive a bigger cashback bonus. Seems fair, right?
The part of the formula “Outstanding for the day – Outstanding right before the start of the campaign” helps us make sure that we only calculate cashback bonus for the money added and invested during the campaign.
Is there a limit to the amount of money I can add and invest during the campaign?
No. You can add and invest as much money as you want. There is, however, a 200 BGN limit on the maximum amount of cashback bonus that a single investor can receive.
Do I receive a cashback bonus on the idle money in my account?
No. The money that you have deposited to your account but is not invested is not eligible for accruing a cashback bonus.
How can I maximize my cashback bonus?
There are 2 things you can do:
Add more funds – the more money you add and invest, the bigger your cashback bonus will be.
Use the Auto-invest tool to keep your money invested all the time – the bonus is accrued only on the amount of money that is invested. We made it even easier with the recently added Standard auto-invest option.
When will I receive my cashback bonus?
The cashback bonus will be transferred to your Klear account, if it is at least 10 BGN, in the first week after the end of the campaign.
What will happen with my bonus if I withdraw money before the end of the campaign?
You will not lose the cashback bonus that you have accumulated up to this moment.
Can I withdraw my cashback bonus after the campaign ends?
Sure. Once the campaign is over and the cashback bonus is transferred to your account, it is up to you to decide what you want do with it. You can invest it or withdraw it.
Will the bonus have an influence on my retyrn and profit?
No. The bonus that you receive will not be included in the calculations of your annual return or profit.
Will I have to declare and pay tax for this bonus?
No, the bonus you will receive will be net of tax which will be paid directly by Klear.
You can also check the full Terms and conditions of the campaign.
Have more questions about the platform? Visit our FAQ section.
