Best Euro Savings Account?

cliffh

Hi,

we are looking to rent our holiday home in Portugal and have found a tenant. We already have a Portuguese bank account which we are going to use to receive the rent. But this does not pay interest.

Does anyone know of a euro-based savings account that does pay interest and ideally I can access online to transfer money into, and potentially transfer to/from the UK without paying a fortune in fees?

Many thanks in advance as always.

Willing2Learn

I just did a google search. At first glance, you appear to have a number of options. For example:
https://www.barclays.co.uk/content/dam/documents/personal/savings/euro-savings-account-and-currency-deposit-account.pdf

londoninvestor

cliffh wrote: »

and potentially transfer to/from the UK without paying a fortune in fees?

Two components to this really:

1. Can you move money in the same currency (i.e. EUR to EUR or GBP to GBP) without incurring fees? Almost always yes given the tight integration of the Single Euro Payments Area.
2. Can you move money and convert currency at the same time (EUR to GBP or vice versa) for minimal fees? The answer to this one is basically always "not via your bank". You will do better to use a dedicated currency conversion service

Ballard

Being as EUR interest rates are negative I’d stick with having an account that doesn’t accrue interest if I were you.