Right now the difference (3.75% versus 3.97%) is not huge but with ECB rates expected to decline, it might be worth moving money before the 30 August deadline to ensure you lock the rate until 31 December.
I got this too @Lightning so I'm now wondering if it might be worth transfering the €50k that I have in Trade Republic to take advantage of the higher rates? At the moment I have €50k in Trade Republic and €20k with Advanzia.
Would it be safe to have all €70k of my savings with Advanzia? I haven't had any issues with them thus far and I'm assuming the €100k EU Deposit Guarantee Scheme protection applies so it should be safe as long as it's less than €100k?Right now the difference (3.75% versus 3.97%) is not huge but with ECB rates expected to decline, it might be worth moving money before the 30 August deadline to ensure you lock the rate until 31 December.
Would it be safe to have all €70k of my savings with Advanzia? I haven't had any issues with them thus far and I'm assuming the €100k EU Deposit Guarantee Scheme protection applies so it should be safe as long as it's less than €100k?
With Trade Republic reducing their deposit rate to 3.5% on September 18th, would it then be a good time to move all of my savings (approx. €45k) out of it and across to Advanzia where it would continue earning 3.97% until the end of the year?Right now the difference (3.75% versus 3.97%) is not huge but with ECB rates expected to decline, it might be worth moving money before the 30 August deadline to ensure you lock the rate until 31 December.
Why don't you look at the best buys threads diligently and kindly maintained by @Lightning?With Trade Republic reducing their deposit rate to 3.5% on September 18th, would it then be a good time to move all of my savings (approx. €45k) out of it and across to Advanzia where it would continue earning 3.97% until the end of the year?
Check the deposit guarantees on offer from the relevant banks and regulators?Or is it too risky to have my entire savings in Advanzia rather than spread across multiple savings accounts?
My entire savings would still be less than €100k, so I'm guessing it should still be safe enough to put everything into Advanzia, given they offer Deposit Protection up to €100,000 via Lux Deposit Guarantee. Is there likely to be any more EU deposit interest rate cuts before the end of the year?Check the deposit guarantees on offer from the relevant banks and regulators?
My entire savings would still be less than €100k, so I'm guessing it should still be safe enough to put everything into Advanzia, given they offer Deposit Protection up to €100,000 via Lux Deposit Guarantee. Is there likely to be any more EU deposit interest rate cuts before the end of the year?
What do you think is a good balance? 60/40 split in favour of Advanzia with the rest in Trade Republic? I thought that would be a good balance between the higher returns of Advanzia whilst still maintaining diversification so that all my savings wasn't in one place. Perhaps this is too conservative though and I should instead aim for something more like 70/30 or 80/20 for higher returns?If you stay inside the deposit guarantee you should be fine, but personally speaking I would not keep 100% of my savings in one place.
What do you think is a good balance? 60/40 split in favour of Advanzia with the rest in Trade Republic? I thought that would be a good balance between the higher returns of Advanzia whilst still maintaining diversification so that all my savings wasn't in one place. Perhaps this is too conservative though and I should instead aim for something more like 70/30 or 80/20 for higher returns?
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