Several people in the EU have reached out to me regarding savings options. My preliminary research indicates that “term deposits,” the European term for certificates of deposit, are one of the best savings options for funds that need to be held in Euros. Websites like Raisin can help individuals and organizations find the highest yielding term deposits across the EU. Deposits are insured up to €100,000 per bank. Term deposits in the EU have positive yields, whereas many other savings options like money market funds appear to have negative yields because of the negative interest rate in the EU.
Several people in the EU have reached out to me regarding savings options. My preliminary research indicates that “term deposits,” the European term for certificates of deposit, are one of the best savings options for funds that need to be held in Euros. Websites like Raisin can help individuals and organizations find the highest yielding term deposits across the EU. Deposits are insured up to €100,000 per bank. Term deposits in the EU have positive yields, whereas many other savings options like money market funds appear to have negative yields because of the negative interest rate in the EU.