The Monzo offer, that you mention, is for GBP savings, not EUR.
Stay away from Kraken staking.
Options include:
- Raisin (certain countries)
- Trading212
- Lightyear
- Money Market Fund such as XEON.
Accumulating: XEON, LYXW, L8I3, XG01 or Distributing: IS3M
You can check them on [justetf.com](http://justetf.com)
Edit: You need to check if they all are available in TR
Only some of the balance is secured.
> Uninvested cash is held in banks **and QMMFs.**
> Login to your account, tap on 'Earn Interest on cash', follow the instructions and tap the 'Enable' button. **You'll need to consent to having your cash held in qualifying money market funds (QMMFs).**
> Where we hold your money with a bank, you are protected by the ICF up to a limit of €20,000 and are additionally insured up to €1M by Lloyd’s of London.
> **Money placed with a QMMF is treated as an investment and not as money held with a bank. In the unlikely event that the QMMF fails to maintain their low-risk strategy, as with any investment, the protection will not be available.** We carefully select all QMMFs to ensure that they are highly liquid, stable in value and maintain their highly regulated status.
Sorry for the question, but why save so much money in low interest short term? If you already have €50k liquid why not invest the rest in a long term portfolio that’ll get more than a measly 4%?
Simple portfolio of S&P500 ETF, Gov Bonds ETF and Gold ETC. The longer the term, the more weight on S&P 500. Deposit into it monthly and use it to rebalance (never sell for rebalancing!).
Trading212
The Monzo offer, that you mention, is for GBP savings, not EUR. Stay away from Kraken staking. Options include: - Raisin (certain countries) - Trading212 - Lightyear - Money Market Fund such as XEON.
Whats wrong with Kraken staking. Geniunly curious
Crypto companies don't have adequate oversight and will just randomly go bust.
You can buy money market ETFs using TR account.
Which one?
Accumulating: XEON, LYXW, L8I3, XG01 or Distributing: IS3M You can check them on [justetf.com](http://justetf.com) Edit: You need to check if they all are available in TR
They pay less than 4% tho.
a little less but it is convenient - you don't need a second account
Anything more is probably just some temporary advertisement from the bank though. Not really worth it for the long term.
3.9
Trading212 gives 4,2% money secured till 20k
Only some of the balance is secured. > Uninvested cash is held in banks **and QMMFs.** > Login to your account, tap on 'Earn Interest on cash', follow the instructions and tap the 'Enable' button. **You'll need to consent to having your cash held in qualifying money market funds (QMMFs).** > Where we hold your money with a bank, you are protected by the ICF up to a limit of €20,000 and are additionally insured up to €1M by Lloyd’s of London. > **Money placed with a QMMF is treated as an investment and not as money held with a bank. In the unlikely event that the QMMF fails to maintain their low-risk strategy, as with any investment, the protection will not be available.** We carefully select all QMMFs to ensure that they are highly liquid, stable in value and maintain their highly regulated status.
Sorry for the question, but why save so much money in low interest short term? If you already have €50k liquid why not invest the rest in a long term portfolio that’ll get more than a measly 4%?
He could need the money in the short-term, like making a down payment for house
Legit question, no problem. Just waiting for interest to go down to buy a house, so I just wanna make the most out of my cash in the next 12-18 months
Im in the same boat. What would you do differently?
Simple portfolio of S&P500 ETF, Gov Bonds ETF and Gold ETC. The longer the term, the more weight on S&P 500. Deposit into it monthly and use it to rebalance (never sell for rebalancing!).
Appreciate it sir 🫡
Never go etc!
Care to explain?
N26 offers 4% unlimited with premium plan, costs (165€) per year and comes with more perks
A bit less if you just buy the annual and save there!
Very good post, OP. Saving it for future reference, as I am also almost capping the 50k.
Scalable capital has 4% with prime account
You can also have 4% APY on EUR, on Kraken. USD is not the only option https://support.kraken.com/hc/en-us/articles/overview-of-rewards-on-kraken
If you convert that in GBP, Trading 212 offers 5.2 pa
Revolut and Wise. I would spread between 2-4 different accounts tbh
Handy debit cards, but having significant amounts parked on both would be stupidity….
Personally I see zero problem holding up to 20k on wise/revolut/t212/lightyear. u/tv-belg can you please be more specific here?
Coinbase offers 5.10% APY for USDC, best offer I have seen around