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The interest rate of a current account is 0%; therefore, by placing all your liquid funds in such an account, you miss an opportunity to benefit from additional interest.
Indeed, once you have created a plan for your liquid funds, it is largely to your advantage to place the excess in your savings account, which is more remunerative than your current account. However, several other alternatives exist with even more appealing remuneration in terms of interest, and with little risk appetite.
You will need to access your money in the next 12 months…
If you have projects in the very near future, such as the purchase of equipment or new fixtures for your business, but in the meantime you wish to benefit from attractive interest rates on your liquid funds (minimum EUR 10.000), opt for a term deposit account. You can therefore deposit your money over a short term, ranging from one month to 12 months.
This flexible solution allows you to access your money at any time while benefiting from interest.
You won’t need to access your money in the next 18 months or longer…
Instead of leaving your liquid funds dormant in your current account or savings account for the next 18 months or longer, opt for a fixed rate deposit. You thus select the term most adapted to your needs, ranging from 18 months to 10 years, and benefit from an appealing fixed rate.
This solution allows you to benefit from a more appealing interest rate than the one offered by a traditional savings account.
Spuerkeess offers two options for the maturity of your term deposit:
Automatic roll-over at the rate applicable at maturity;
Automatic closure of your term deposit and a credit of capital and interest to the linked current account.
Should you seek other alternatives to your savings, our advisers are available to direct you towards the products best suited to your needs.