Euro Savings Account

Otto_Jim · 16 February at 6:15PM

Does anyone have any knowledge of €uro accounts that actually pay any interest, any as in more than 1%.
I opened one sometime ago with Lloyds International the original interest being 2.65% it has since plummeted to 0.25% hardly worth it. Makes me wonder whether it might make more sense to transfer into £ pay whatever commission there is and actually earn some interest. But in an ideal world I like having a few €uros just in case.
Any ideas?
Many thanks

Otto-Jim

DavidT67 · 16 February at 6:25PM

Wise.com will pay 'interest' on GBP, EUR and USD accounts held with them. The money is invested in institutional MMFs, so for EUR is actually a capital gain or loss for UK taxpayers.

Sam_666 · 16 February at 6:32PM

Wise is not a bank, so parking any money there has zero protection.

If you want intrest on € account, then open one in eurozone country, where this is local currency.

flaneurs_lobster · 16 February at 6:41PM

https://forums.moneysavingexpert.com/discussion/6655619/euro-savings-account

Get a Revolut account, pays you 3% on your GBP in their instant access saver, instant conversion to EUR as/when you need them at near-spot rates.

friolento · 16 February at 7:03PM

You will probably struggle to get more than 1% interest for easy access Euro deposits. But if you have an address in an EU country, and can lock your money away for a bit longer. you could try the Raisin platform in that country. They sometimes have providers with better rates, for example, the French site shows

Or there it this on the Irish site.

AFAIK, all of the accounts are available throughout the EU and should be covered by the EU deposit guarantee scheme. But DYOR

wmb194 · 16 February at 7:07PM

https://forums.moneysavingexpert.com/discussion/6655619/euro-savings-account

Trading212, a stockbroker, offers interest on euro deposits, currently 2.2%. Deposits need to come from accounts in your name. Its FX fee is pretty good at 0.15%.

https://www.trading212.com