Advanzia Bank Lux Paying 3.76% AER Instant Access for First 3 Months
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podgerodge
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It's a bit amateurish alright. Someone said their main site is more professional but this "German" version to attract other EU residents is slapped together pretty shoddily. Not even english version when you're set up to check your balance etc, only German!
Having said that, I'm with them and relying on the Lux depositors guarantee, otherwise I wouldn't be with a bank I know nothing about in the first place.
irishfinanceguy
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Witholding tax etc?
"The interest income will be credited to your Advanzia account on a monthly basis without charging any taxes (Exception: customers with country of residence Luxemburg). Due to the automatic exchange of information, Advanzia bank is required to automatically transfer this information on a yearly basis to the competent tax authorities."
irishfinanceguy
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On instant access this appears the best deal or bff 6 month term for 4%
The advanzia and bff kings - long may it last
Are you exempt from DIRT?
To test things out with advanzia, I transferred €1 into the account. The 1 euro showed up on their website. I tried to withdraw the same 1 euro and it didn't work.
Retried second time and the euro is still in the advanzia account.
Did anyone get to withdraw money successfully?
Retried second time and the euro is still in the advanzia account.
Did anyone get to withdraw money successfully?
I did the same test, and it worked without issue.
Could somebody please confirm the correct website address for Advenzia Bank Luxembourg.. Does it still pay 3.6% and is it just for first 6 months? I was thinking of opening a deposit and hope there are no downsides. I already have an account with Raisin.ie and Bunq.
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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
Yes, the AER is 3.66% for the first 6 months.
On balances above €5k otherwise no interest. The rate after 6 months is under 2%{{getTitleForCurrentLanguage();}}
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.
Yes, the AER is 3.66% for the first 6 months.
Coldwarrior
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Anyone have problems registering for the online banking? Keeps telling me the credentials used to register aren't correct, though I've reset the password several times and am 100% it and the account number are correct.
Advanzia Bank Lux Paying 3.66% AER Instant Access for First 6 Months
This interest rate only applies for the first 6 months? What interest rate applies thereafter? 1.61% as things currently stand.
www.askaboutmoney.com
podgerodge
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I think someone told me that you can re-register i.e. click on "mein.konto - Registrierung" and start again with your account number and set it up.
podgerodge
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It will be interesting when we find out around December, if the first deposits rolled in during June, what will happen with the interest rate after the 6 months. Whether they will simply drop it to the low "standard" rate of 1.61% as they say, risking an outflow of the deposits they presumably wanted to attract and keep, or take steps in advance to ensure that such outflows don't occur. I'm certainly out if it drops to 1.61%, and hopefully AIB etc. will have something better to offer at that point if recent news is true about domestic rates.
Coldwarrior
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Has anyone successfully withdrawn money back out of Advanzia and received the monthly interest etc? They say the minimum deposit is 5k, I'm hesitant to risk 5k to an entity who's online operation seems so amateurish and out-dated.
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Advanzia lost both my (electronically submitted on their system and confirmed by them) application and the identity documents sent to them by registered post. After a lot of time spent chasing this with their so-called "support" I came to the conclusion that I wouldn't trust them with with the small change needed when going to the shop for messages, nevermind a five or six figure sum of euros.
I have done this without any issue. I withdrew money and it was back in my Irish bank account within 3 hrs. Interest statements are available on the portal after 2-3 days. I've had no problems in the couple of months I've dealt with them.