They've an English language option now if you look on the left hand side of the portal, no more translation necessary.
Advanzia Bank Lux Paying 2.94% AER Instant Access for First 3 Months
- Thread starter Lightning
- Start date
I've sent Advanzia an email - will respond if I hear back from them: (Thanks to @Lightning for all the Best Buy details)
Trying to plan for post March 31st.
Can you confirm if I will have 2.94 (3 months) or account move to 2.12% from March 31st,
Other options
Easisave account for 3 months (3.10%) 6 months (2.90%)
FCM (3.10% for 3 months) - then move back to Advanzia
Bunq 2.67% until June 31st
Trade Republic (2.50%)
Raisin (Nordax 2.61%)
Trying to plan for post March 31st.
Can you confirm if I will have 2.94 (3 months) or account move to 2.12% from March 31st,
Other options
Easisave account for 3 months (3.10%) 6 months (2.90%)
FCM (3.10% for 3 months) - then move back to Advanzia
Bunq 2.67% until June 31st
Trade Republic (2.50%)
Raisin (Nordax 2.61%)
I have being on their "introduction rate"/"special rate" for almost 2 years now (despite the higher rate officially only lasting 3/6 months) so I am hoping they offer another "special rate" post 31 March 2025. The rate will most likely not be 3.40% again but hopefully they offer something above the rest of the market.
I can't reply directly or quote at the moment: positive enough response from Advanzia.
Your current interest rate of 3,35 % nom. p.a. is valid until March 31st, 2025. From April 1st, 2025 your interest rate is going to be the standard interested rate (currently 2,10 % nom.p.a.). By experience, there is also the possibility that the bank management decide to prolong the special interest rate campaign. In such a case, the customers will be in time informed by e-mail, latest around March, 20th. If you do not receive any e-mail till the stated date, you can calculate with the standard interest rate.
Kind regards,
Your Advanzia Bank Customer service
Your current interest rate of 3,35 % nom. p.a. is valid until March 31st, 2025. From April 1st, 2025 your interest rate is going to be the standard interested rate (currently 2,10 % nom.p.a.). By experience, there is also the possibility that the bank management decide to prolong the special interest rate campaign. In such a case, the customers will be in time informed by e-mail, latest around March, 20th. If you do not receive any e-mail till the stated date, you can calculate with the standard interest rate.
Kind regards,
Your Advanzia Bank Customer service
Why not?
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@Lightning You must be correct . I did write back again to customer service, and received this reply ...
thank you for your message.
"As you have not received any e-mail that the special interest campaign is going to be prolonged, you have to calculate with the standard interest rate starting from April 1st, 2025."
Might be no harm to email stating that we are aware others customers have received "lowering the rate but still higher than the anything else I know of." @done4now could you send a direct quote. @Lightning where do you plan to move to. I have just received 'easisave paperwork' after about 3 months of waiting.
thank you for your message.
"As you have not received any e-mail that the special interest campaign is going to be prolonged, you have to calculate with the standard interest rate starting from April 1st, 2025."
Might be no harm to email stating that we are aware others customers have received "lowering the rate but still higher than the anything else I know of." @done4now could you send a direct quote. @Lightning where do you plan to move to. I have just received 'easisave paperwork' after about 3 months of waiting.
Intend to split between:
- Easisave @ 3.10% for 3 months
- FCM @ 3.08% for 3 months
Also intend to try to reopen a new account with Advanzia Bank as a new customer after my account is fully closed.
Don't want to lock for long or I would go with:
- Nordax via Raisin.ie @ 2.80% fixed for 2 years
- PTSB @ 2.75% fixed for 1 year (offer closes 1 April)
Don't want to deal with no online access / current account fees or I would also go with:
- BoI Super Saver regular saver @ 3.00% fixed for 1 year.
Surprised that it has taken you so long to get the account opening docs for Easisave. Once you are up and running with Easisave, it works fine.
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I have been making transfers to them on a fortnightly basis for the last couple of years so I'm a bit disappointed not to have received an email about a special rate this time. I will probably move most of my savings somewhere else now but might leave €100 in the account just to keep it open. At the moment all my savings are split between Advanzia and Trade Republic but I also have a LightYear account with €100 left in it. At times I'm tempted to accept a slightly lower interest rate for the simplicity of just having all of my savings in a single account.
Very quick response again to an email.. 30 minutes on a Sunday.
1st reply from Advanzia today (it was translated from German to English, hence the long sentence).
thank you for your inquiry.
Each natural person of legal age, who does not own an active deposit account und who is a EU- or EFTA-citizen, or a NON-EU-citizen with a valid residence permit in one of the EU-states, can apply for a deposit account and is considered to be a new client.
There is no waiting period for ex-clients, which has to pass. That means that each ex-client is considered to be a new client in the moment he makes the application.
Followed by this email:
Starting from April 1st new clients, who open a deposit account and transfer at least 5,000 EUR until April 30th 2025, the special interest rate is 2.73% effective pa until July 31st 2025.
If you have any further questions, please do not hesitate to contact us.
1st reply from Advanzia today (it was translated from German to English, hence the long sentence).
thank you for your inquiry.
Each natural person of legal age, who does not own an active deposit account und who is a EU- or EFTA-citizen, or a NON-EU-citizen with a valid residence permit in one of the EU-states, can apply for a deposit account and is considered to be a new client.
There is no waiting period for ex-clients, which has to pass. That means that each ex-client is considered to be a new client in the moment he makes the application.
Followed by this email:
Starting from April 1st new clients, who open a deposit account and transfer at least 5,000 EUR until April 30th 2025, the special interest rate is 2.73% effective pa until July 31st 2025.
If you have any further questions, please do not hesitate to contact us.
I sent them an email to close my account on the 4th of Jan last year and it was closed by the 10th of Jan.
www.advanziakonto.com
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Als online Direktbank bieten wir Ihnen die gebührenfreie MasterCard Gold und ein attraktives Tagesgeldkonto. Advanzia Bank S.A. Ihre Direktbank für transparente und attraktive Produkte.
www.advanziakonto.com