Good savings account

bm50 · Post by **bm50** » Thu Oct 10, 2013 12:01 pm

I have been refused life insurance due to a bad debt so now I look for a good savings account to save a regular amount as to cover my death expenses etc. Can anyone please suggest a good savings account?

Thanks to all!

**Sponsor:**

Honest · Post by **Honest** » Thu Oct 10, 2013 12:14 pm

Why do you want to spend even after your death?

bm50 · Post by **bm50** » Thu Oct 10, 2013 12:44 pm

Hi, Not me I need to leave money to my son to cover my funeral costs etc. That is why I wanted life insurance but cnnot get.

Honest · Post by **Honest** » Thu Oct 10, 2013 1:18 pm

Sorry, can't help you in this matter but just asking out of curiosity, how much is it in death costs these days on average?

Upphew · Post by **Upphew** » Thu Oct 10, 2013 1:49 pm

Honest wrote:Sorry, can't help you in this matter but just asking out of curiosity, how much is it in death costs these days on average?

Dunno, but minimum stuff gets covered by sossu if you are totally broke.

Rick1 · Post by **Rick1** » Thu Oct 10, 2013 2:32 pm

Like Mr.nalle Wahlroos said when he shuffeled his latest millions inside: some customers are just dirt on the floor. IMO you should put in your will explicite that you want a certain amount for your son. Then get via a bank a long term account,min. one year fixed. This means visiting several banks to see options. Also a foreign account might be an option but they mostly do not want to see you for a couple of thousands. Decent funeral costs about 2k and up,cremation ofcourse cheaper.

bm50 · Post by **bm50** » Thu Oct 10, 2013 3:14 pm

Would it be possibe to open an account in my sons name and make a regular payments to there, as I am afraid any debts would be taken from an account in my name upon death!

rinso · Post by **rinso** » Thu Oct 10, 2013 3:45 pm

bm50 wrote:Would it be possibe to open an account in my sons name and make a regular payments to there,

Quite possible. But when he's 18 he can decide what to do with it.

Rick1 · Post by **Rick1** » Thu Oct 10, 2013 4:12 pm

You might need some evidence that he is your son , otherwise moneylaundering rules will prohibit it.

betelgeuse · Post by **betelgeuse** » Thu Oct 10, 2013 4:49 pm

bm50 wrote:Would it be possibe to open an account in my sons name and make a regular payments to there, as I am afraid any debts would be taken from an account in my name upon death!

Yes but do note that for the money to properly be his you must take care of handling gift tax:

http://www.vero.fi/en-US/Individuals/Gifts

betelgeuse · Post by **betelgeuse** » Thu Oct 10, 2013 4:51 pm

Savings accounts these days will not beat inflation. Best returns I have seen are places like TF Bank that take savings in order to give out consumer loans. Currently their interest rate is at 1.8%.

https://www.tfbank.fi

Rick1 · Post by **Rick1** » Thu Oct 10, 2013 5:08 pm

wow, a bank that takes savings to give out loans, very advanced.

Honest · Post by **Honest** » Thu Oct 10, 2013 6:21 pm

Can I deposit my 10000 euros there to get a loan of 8000 ?

Finland Forum

Find information about moving to, living in and life in Finland