Savings

A recent independent study, conducted by SIA Partners, named S-Net Mobile the best mobile banking application in Luxembourg. We took the opportunity to speak to Daniel Madariaga, Deputy Head of Business Innovation Office, and Christophe Medinger, Deputy Head of Digitalisation, at Spuerkeess, to find out more about how the teams in charge of S-Net achieved this success for the third year running.

Do you like the idea of helping to finance a project that respects the planet and treats its employees fairly, with ethical values? In this case, Alternative Savings from etika should be of particular interest to you. Any project that respects the environment, and/or involves social issues and/or is based on solidarity, is worthy of special attention from Spuerkeess, which proposes a solidarity mechanism, the Alternative Loan, in partnership with etika. Find out more about these two solidarity products in this article, with our expert Zoé Peter, Corporate Relationship Manager at Spuerkeess.  

According to recent studies, a great deal of children grow up not knowing how money is earned or managed. In their daily adult life, a lack of financial skills can lead to unnecessary stress that is entirely preventable. Teaching money skills to your children is as important as learning to read and write or brushing their teeth. We talked to Dr Mara Catherine Harvey, CEO of VP Bank (Switzerland) Ltd and Head Region Europe, and founder of SmartWayToStart.com, about pocket money and embarking on your financial parenting journey. Happy Reading!

During the week of 18 to 22 March 2024, Fondation ABBL pour l’éducation financière (ABBL Foundation for Financial Education) is organising the 10th Woch vun de Suen (Money Week) for pupils in cycle 4 (aged 10 to 12) in primary schools in Luxembourg, with the aim of developing a better understanding of the value of money and the importance of knowing how to manage a budget through a fun activity. Angèle Schmitz, staff member of the Marketing business unit at Spuerkeess, has been our in-house coordinator since the beginning of this initiative. Find out more about this initiative, which is one of many activities focusing on financial education in Luxembourg.

One of the realities of the last two years is that the cost of living is constantly on the increase. Heating, food and rising interest rates mean that many families are having to cope with a tighter family budget. Talking to your children about the cost of living can be tricky, but it's an important subject when it comes to preparing them to manage their finances in the future. We spoke to Tahereh Pazouki, Founder of Magrid Learning Solutions, on how to explain the cost of life to your children. Happy reading!

Given that interest rates remain high and investing your funds in savings accounts doesn’t bring you enough interest, what can you do, as a business, with your excess liquid funds? In this article, Jean-Luc Bermes, Corporate Banking at Spuerkeess, gives you three alternatives to savings that are highly appealing to businesses. Happy reading!

In June 2012, the OECD Council defined financial literacy as “a combination of awareness, knowledge, skill, attitude and behaviour necessary to make sound financial decisions and ultimately achieve individual financial well-being”.The subject is important and of concern to us all.. Among other things, acquiring financial skills enables people to better understand the economic and financial world, make informed decisions and better manage risks. We spoke to Jessica Thyrion, Financial Education Advisor with the ABBL Foundation, about the role of financial education in Luxembourg.

Mum can already feel the first kicks in her tummy and Dad is eager to know the baby's sex, while Grandma cannot wait to spoil the baby and Grandpa is bursting with pride. As you may have guessed, the family is preparing for a happy event this summer. That means the young, future parents are overwhelmed with questions to which they need answers so that they can make the necessary preparations.

Investing for your children gives you the chance to build up a fund for major expenses in the future, such as a university education or a down payment on a house. S-Invest, the Spuerkeess investment plan, offers a long-term investment opportunity. Filipe Dos Santos Coimbra, branch manager at the John F. Kennedy branch, explains to us why you should invest for your children.

"It’s a fact that most of our customers open a savings account for their children at birth. And being a young father myself, I perfectly understand that this is very convenient to do so, in order to permit family and friends to easily put some money on it at any occasion. The first months with a baby are indeed not the best ones to think about finance. However, let me explain why they are actually the right ones to choose an alternative, smarter way of saving money."

First time at university, first job, first salary, first flat... and the list goes on! Life in your twenties is exciting. Everything is new and there is a myriad of ways to design your life. It doesn’t seem necessary to think about financial protection! However, now's exactly the best time to do so!

If you have just finished your studies or started your professional life, you are probably not thinking about saving money. And even less about saving to buy a property. Your own apartment… that’s a lot of money and still seems a distant dream, right? OK, but what if we told you that you can get started right away? Here’s how!

When you become a parent, you worry about the well-being of your children. This is also true for their finances! By putting away a sum you are giving them an easier and more sure-footed start in life. There are different options to prepare their future and help them finance their studies or their first home. Savings account, insurance product or housing savings scheme: here’s just a few ideas to help you make the right choice according to your child’s age.

You remember that famous letter from the Tax Administration (Administration des Contributions Directes - ACD), asking you to fill in your tax return. You tucked it away since the new deadline is 31 December 2023 for the 2022 tax return. Did you know that not everyone is affected? Why not? Find the answers below.

The news on the financial markets, inflation and geopolitical disruptions have left customers feeling unsettled and insecure. Why is it important to keep a cool head and think carefully about a savings strategy that diversifies your investments? We asked Tânia Rei, branch manager in Diekirch, why she recommends the S-Invest Plus savings plan, an investment option that meets this need for savings diversification.

It’s been a while since Sophie and Marc bought aunt Elise’s beautiful house. Finally, the works are almost finished and they’re getting ready to move in. The costs of the renovation, the mortgage and the interest charges have made Sophie and Marc’s savings dwindle. With Marc’s parents having decided to sell their house in order to live in the South, they have given their children some money. This money, the young couple wants to invest in the family’s future.

Do you find yourself brooding about your financial situation and not achieving your goals for saving and investing for your future? Making a financial plan can have a positive impact on your well-being. But how do you set a budget and stick to the plan? Discover our tips for becoming more Zen about your finances.

Key rates are continuing to increase, which makes it more expensive for consumers to access credit. On the other hand, savings and some forms of investment, which were neglected during the period of historically low interest rates, are now making their comeback. Here’s an interview with Mauro da Silva, branch manager at Echternach, in which he explains the new opportunities available for savers

You can't think about School Savings Day ("Fêtes de l'Epargne Scolaire") without also remembering the "Spuerbéchs"! Most of us still remember this special day in primary school, where we received our very first piggy bank from Spuerkeess. School Savings Day and the famous piggy banks are closely linked and represent the first occasion for children to learn about saving money.

It all began with the Spuerkeess’ statutory mission of promoting saving in all its forms within the population of the Grand Duchy of Luxembourg. As a result, the famous Schoulspuerfester are deeply rooted in the history of Spuerkeess and in Luxembourg’s long tradition of financial education. Lisa Wells, Vice President & Head of Business Unit Marketing at Spuerkeess, explains the importance of this annual event.

Since moving into their first home and undertaking the renovation of their new house, Sophie has developed a passion for interior design. She therefore decided to transition to a new career and enrol in an in-depth training course. With a busy schedule, fortunately she can now make her Spuerkeess appointment via S-Net and spuerkeess.lu!

We all need a financial literacy. Teaching children the basics about how money works, its value and why to save it can spare them so much hassle as adults.

Uncertainty, crises, inflation and the fears of a recession continue to dominate the news. How can you invest securely and why have good old-fashioned term deposits made a comeback as a good alternative for savings? Nathalie Klein – Private Banking Advisor at the Esch-sur-Alzette Finance Centre – explains how they work and the perks they offer and reveals tips for investing in the current market.

Having your first baby is a big change for a couple and it’s best to be prepared. Besides buying baby gear, decorating the nursery, choosing a name, and organising a baby shower, there is also the administrative side to think about – including opening your baby’s first bank account.

Now that Sophie and Mark are in a civil partnership, they are thinking more and more about building a house. Sophie already sees herself planting roses in her garden, and Mark dreams of a new open-plan kitchen where he can cook up extravagant dishes in front of their friends. Mark is in fact a very good cook and often takes himself to be a great chef! However, despite all this, the couple still needs to put money aside, and has thus decided to open a BHW housing savings scheme with Spuerkeess.

Do you have some savings tucked away? Or have you inherited some money? Sure, you could organise an awesome trip halfway around the world, make some luxury shopping, or simply put the money away in your savings account, however you do have other options to put your savings to work for you by carefully investing it. For beginners investors: in this article we present three approaches for you to flawlessly invest your savings.

Sophie and Marc are delighted to announce the birth of their daughter Lily! While the couple is on cloud nine, they already have quite a few questions about their child’s financial future. How can we save for our children? What are the best investments to make right away?

As Sophie sits in her car waiting for the stoplight to turn green, she suddenly begins to daydream, imagining all the things she will be able to do once she will be retired. Thoughts race through her mind and one thing is for certain – Sophie wants a stress-free retirement and doesn’t want to lack anything when time comes.

The New Year has long begun but you seem to have forgotten all about your good resolutions? Don't worry! In order to refresh your memory, here are five useful resolutions on how to save in 2018.

Over time, Marc has amassed a small amount of money in his savings account. With how interest rates have been developing over the past years, this means that his savings are currently mostly catching dust. This is one of the reasons, why he has been tempted to invest part of it: to get movement into some of his savings.

It’s difficult to know how much pocket money to give to children. But one thing is for sure: managing a budget will help them learn the value of money and teach them to appreciate it more.

Considering transparent and socially responsible investment? Ekkehart Schmidt, public relations officer at etika – Initiativ fir Alternativ Finanzéierung asbl, explains exactly how you can benefit!

Discover how you can take advantage of the financial markets by investing small amounts, starting from age 18!

Sophie's niece Emma is too old now for the traditional Easter egg hunt. Instead, she prefers reading her anatomy books because one day, she wants to be a doctor! This year, the Easter bunny will be bringing her chocolate but also another, extra special gift to help her realise her big dream.