Finax Blog

Information which helps you to invest properly.

Smart Deposit - the killer of savings and term accounts | Finax.eu
22. September 2023

Smart Deposit - The Killer of Savings and Term Accounts

Central banks have raised interest rates significantly. Deposit your money liquidly at market interest rates that banks will not offer you without extra conditions in their checking and savings accounts. Start appreciating even short-term savings. The Conservative Smart Deposit with a 3.6% yield is built on ETFs that aim to replicate the interest rate of central bank and bond ETFs with maturities of up to half a year.

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The Secret of Financial Security: Creating a Financial Reserve | Finax.eu
1. September 2023

The Secret of Financial Security: Creating an Emergency Fund

A financial reserve, also known as an emergency fund, is a savings account that we set aside for unexpected expenses. It's a key part of a sound financial plan and can give you the peace of mind that comes with financial preparedness. In this blog, we'll explore the importance of a financial emergency fund and provide tips on how to build one.

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Are you in debt? You don’t have much time left | Finax.eu
25. August 2023

Are you in debt? You don’t have much time left

Slovaks apparently like living on debt. However, the era of cheap money is definitely over.

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