When you're looking to reduce your bank charges, it's often difficult to know how to go about it. Are you looking for a personal loan offer or a cheap bank account? You've come to the right place! We have compiled the essentials about each offer in a single comparator.
Each bank has its own specificities, but some are better than others for certain offers:
We take many criteria into account when selecting the best current accounts in Luxembourg. Here are the parameters we analyse:
By analysing all of these parameters in a single way, we are able to select a handful of bank account offers that we feel offer the best value for money. You can then browse the different thematic rankings to find the current account that best suits your needs and budget.
In Luxembourg, interest rates on personal loans range from one to three times higher. To find the best rate :
Finally, you should know that you will be able to deduct part of the interest expense from your tax returnYou may not be able to deduct the full amount of interest each year, but it is still a significant saving. You may not be able to deduct the full amount of interest each year, but it still represents significant savings.
So make sure you choose the best rate for your credit to save as much as possible on your bank charges.
Luxembourg banks offer several types of financial services that you can easily subscribe to: current accounts, savings accounts, pension plans, life insurance and investment funds (in euros and shares). For classic operations, such as account openings or loans, you can easily subscribe online. For more customised transactions, such as investment or savings plans, contact your advisor.
If you want to improve your finances, you need to start by reducing your bank charges. Look at your account fees, card fees and overdraft fees and interest. Then use this comparison tool to save on all your contracts. You can save hundreds of pounds a year easily, while benefiting from quality, hand-picked offers.
If you want to optimise your tax situation in Luxembourg, you can deduct certain expenses from your tax return. The easiest to deduct is insurance and interest on outstanding loans: you can deduct up to €672 per year from your taxes. If you want to deduct more, you can open a pension plan and a home savings account: you can save more than €1,000 a year on your taxes with this new lever. Don't hesitate to ask your bank advisor to open a pension plan or a home savings account.
In Luxembourg, you can first invest in a pension plan: you will set aside a sum each month, and you can deduct part of it from your tax return. Then, if you are looking for a return, you can open an investment plan or life insurance with your bank: you can choose your risk profile and invest a certain amount each month. The financial gains you make will depend on the risk you take, and the return on your shares.