Creating savings plans

Whether you're creating a savings plan for a portfolio or for a single instrument, you'll need to provide a cadence it should be executed at.

This table sets out example cadence definitions that will help you specify the right thing when create savings plans using the API described later in this guide.

Example configurations:

To create a portfolio savings plan, proceed as follows:

POST /savings_plans

Remember that you must provide the cadence details, and that the user's account must be configured for portfolio investments.

In this example, a portfolio savings plan is created that executes recurring buy orders of € 100 once a week from July 24.

Example request portfolio savings plan

{
"user_id": "4b9732bd-7496-491-8a5f-6360479d7fed",
"account_id": "00ef0be8-d564-43af-b3c7-11b7a2188030",
"type": "PORTFOLIO",
"cash_amount": "100.00",
"currency": "EUR",
"start_date" : "2023-07-24",
"period": "WEEK", 
"interval" : "1" 
}

Instrument savings plans are executed as individual orders. As with the portfolio savings plan, you create a single instruments savings plan by calling:

POST /savings_plans

In this example, a savings plan is created that executes recurring weekly buy orders of €100 for a specific ETF starting on July 24.

Example request instruments savings plan

{
"user_id": "4b9732bd-7496-491-8a5f-6360479d7fed",
"account_id": "00ef0be8-d564-43af-b3c7-11b7a2188030",
"type": "INSTRUMENT",
"instrument_id": "IE00BOM62058",
"instrument_id_type": "ISIN",
"cash_amount": "100.00",
"currency": "EUR",
"start_date" : "2023-07-24",
"period": "WEEK", 
"interval" : "1" 
}

Note that we now have to provide additional detail to specify the instrument we wish to invest int. The full list of parameters is as follows: