Advanzia Bank Lux Paying 2.73% AER Instant Access for First 3 Months

Lightning said:
I have now tried to sign up as a new customer again. It won't let me past the tax ID screen. It says to fix the error in red. But there is no error message in red.
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I had the same issue. Advanzia had a few strange technical issues. For example, I always had to sign in twice with authentication codes, but then it would work.
...or I needed to put a €1,000,00 not a @1000.00 when trying to withdraw €1000. I have no house number in address. I needed to put 0 to get account open. Then I think it was still showing fix the error in red, but still allowed me pass. I was surprised when I received the 'opening account email'. Good luck with it.
 
Lightning said:
FCM @ 3.08% for 3 months
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FCM were very fast to set up

Just a heads open on email.from yesterday.

What is changing on your deposit account?

Effective 1 May 2025, the interest rates on our retail deposit products will decrease as follows:


TOP Saver savings account:

1.58% gross per annum on the total balance for savings accounts up to Eur49,999;

2.28% gross per annum on the total balance for savings accounts with a balance of Eur50,000 and above;

Fixed Term Deposits:

3-Month Fixed Term Deposit: 2.58% gross per annum
6-Month Fixed Term Deposit: 2.28% gross per annum
1-Year Fixed Term Deposit: 2.18% gross per annum

This change is part of our ongoing effort to align our offerings with current market conditions and ensure that our products remain competitive and in line with the broader economic environment.

How will this affect you?
The new interest rates will be automatically applied to your existing savings accounts from May 1, 2025. You do not need to take any further action. Interest rates on fixed term deposits apply only to accounts opened from 1 May 2025.
 
Thanks for posting the new FCM rates. Best buys updated.

I am still in the process of opening a new Advanzia account. Finally phoned them today, the issue with my application was a certain character in the password. Opening forms complete. Hopefully the account will now be opened shortly.
 
Lightning said:
Hopefully the account will now be opened shortly.
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If you haven't this step complete you can get email ready. You should have the self assesment form from before. It hasn't changed.

"Thank you for applying for an Advanzia Account!

In order to complete your account opening, we kindly ask you to send us a copy of your passport or national identity card by e-mail to id@advanzia.com or by regular post to Advanzia Bank S.A., 14, rue Gabriel Lippmann, L-5365 Munsbach.

We also require a proof of residency in case your current address is not mentioned on the identity document. This can be in the form of a registration document, or a copy of a phone or energy bill. Please note that the proof must not be older than 3 months.

Furthermore we kindly ask you to fill in and sign the attached self-declaration form.

Upon receiving this, we will immediately open and activate your new account."

For questions, please call our Service Team on +352 26 38 75 675, Monday-Friday 09:00-17:00 CET or send an E-Mail to advanziakonto@advanzia.com.

You could find our General Terms and Conditions (GTC) on http://www.advanziakonto.com/.

Yours sincerely,
Advanzia Bank S.A.

14, rue Gabriel Lippmann

L-5365 Munsbach
 
Done this four times over the years, never having been offered beyond the three months... it seems a bit dumb the way they force you into such hassle, withdrawing the funds, closing the ac, opening the new ac, I.D. veriication, lodging the same funds... difficult to see what is the purpose of this... why not just offer the rate on request and avoid all that?
 
After 18 months with the same account they didn't offer me the highest rate. Which I suspect is down to one month where I didn't transfer any new money like I normally do when I get paid. When I closed the account the money arrived within a few minutes and signing up only took 10 minutes much quicker than what I had to do last time.

Still need to confirm I am getting the higher rate. I doubt anyone knows how to check this? I normally just check the email they send at the start of the new month when they've paid the interest.
 
If you have a new account open, you should be on the new customer rate. The monthly PDF statements give the rate your are getting. Or you could ring them to confirm.

I suspect that there is a limit to how long they will extend the special customer rates for. I got about the same as you before they cut the rate.
 
I see Advanzia SMS messages are getting labelled as "likely spam" because of the new Comreg rules that business providers need to register.

If international companies, like Advanzia, don't register with Comreg, is there a danger that the SMS messages will be blocked altogether in October 2025?
 
At least local providers will or should be aware of the requirements. International providers like Advanzia may not be aware. Another example - while away in a different country recently I had to use SMS verification you use several local services - zero chance they will register - what happens to this after October?
 
I have contacted Advanzia about the SMS point. No response thus far.

Meanwhile, same issue with Lightyear. I have contacted them too.

Seems Trade Republic and Raisin have registered with Comreg.
 
Both Advanzia and Lightyear are now on the Comreg SMS Sender ID Registery.

But text messages from Advanzia are still displaying as "likely scam" - why is that if they are registered?
 
Lightning said:
But text messages from Advanzia are still displaying as "likely scam" - why is that if they are registered?
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Is the phone software up to date with the latest updates just in case it's an issue with the phone itself rather than the wider SMS infrastructure?
 
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