BEST INTEREST RATES FOR SAVERS IN EUROPE 2024 💶 Raisin High-Interest Saving Platform Explained

Looking for the best interest rates in Europe? Raisin allows you to look outside of your home country and find high interest rate savings accounts and deposits to get a better return than you might do in your home country. In this video I explain how the platform works and give a brief demo before giving my overall thoughts.

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Mentioned in this video:

** Since this video was published, Millennials With Money has been approved as a member of Raisin's affiliate programme and may receive a commission for any sign ups via this link **

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Chapters:
0:00 - Intro
0:43 - European interest rates in 2022
1:55 - How Raisin works
4:26 - Platform demo
6:45 - Available savings products
10:31 - Overall thoughts

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About me:

Welcome to Millennials With Money!

My name is Jonny, I'm a financial analyst from the UK, currently living and working in Spain.

I created this channel to help and inspire young people to improve their financial situation and live life to the full by sharing my own experiences with money and living abroad.

I upload content on a weekly basis about personal finance, how to invest your money, tips to help you save more money, real estate and property, and travel and living overseas.

Everybody is welcome in the Millennials With Money community! Let's get this money!!!

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#savings
#personalfinance
#interestrates

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DISCLAIMER: The opinions and views shared on this channel are for entertainment and educational purposes only and are not to be taken as financial advice. Always conduct your own research prior to making any financial decision. Millennials With Money cannot be held responsible for any financial loss incurred from any decisions you make following this video.

[MillennialsWithMoney]

What do you think of Raisin? Leave a comment and let me know!

[Chad-ski]

How do you get your money out of the Raising account. Do you need withdraw money from a savings account you chose from Raising to your Raising account before you can access the money

[smithrockford-dvnb]

Honestly Italian banks (Cherry, for example) offer usually 4.5% (3.33% after tax) for long-term deposits like those. If you want a non-binding deposit Banca Transilvania offers 3.35% (3.015% after tax)—and you can get your money back whenever, without restrictions.

[HarshavardhanaOmkar]

hello can we invest money every month is that possible with raisin

[fattony]

I'm interested in opening a savings account with Klarna through Raisin. However, in case of the bank collapse I will get my money back in a form of a bank check which is useless for me here in the Netherlands. Banks will not accept checks for deposit. Thanks for the upload.

[TJ_USA]

You, or someone, needs to explain the nature and structure of Raisin's compensation if it goes bust. FSCS Their own site says that your "main" account is protected if it goes bust. What does that mean? Is there a "non-main" account that is not protected?

[pdmilletmd]

Good morning. I am assuming that this application would not apply to a US citizen. If it does, would this be of benefit to anyone from the US considering moving to Europe and having a bank account already established?

[Chad-ski]

If you have money in your Raisin account and Raising goes bankrupt how would you get your money back as Raisin is not part of the UK Financial Services Compensation Scheme.