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?