Money parking - Company or personal bank account

[abc123]

What is your suggestion if I plan to park money for some time ahead.
Should i park them on a bank account held by a company or on me personally?

Any risks/good/bad between the both methods?

 

[Martin Everson]

1. What do you consider "some time" i.e 5, 10, 20, 30 years?
2. How much money are we talking about here?

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[abc123]

For 5 years, and 800k euro

(random letters to fill out post to 50 chars)

 

[Martin Everson]

My first choice would be cash but risk obviously is theft if you live somewhere where that is a possibility. Just keep document withdrawal with bank paperwork if you go that route.

If you intend to keep the funds on a bank account then split the funds among 8 different EU banks to stay within deposit protection. Companies like raisin.com can also do this for you. Risk is potential negative interest rates reaching your retail deposit.

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[Spinat]

OP you are very short in your messages and evn have to write "filler text" to answer questions here! This indicates that you are either not serious or have huge problems to explain what it is you want to achieve! If you think you can present your business case to anyone serious this way and get something good out of it then you may have learned your first lesson here already.

Bes more specific and detailed so you get serious and good answers.

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