Avant Money review

The account pays a fixed rate of 2.72% on the fixed deposit, and the figure holds for the whole term rather than moving. It sits below the 3.08% median for savings accounts, so the case rests on the term and the protection.

The monthly fee on this fixed deposit is €0, and the pricing model is listed as fixed rate and no monthly fee, so the rate stays intact through the term. The figure matches the €0 site median, which is where most savings products sit.

The minimum deposit is €2,000, which is a clear step above the €0.17 median for savings accounts and above the €1,000 level for most fixed deposits. Readers with a smaller sum would want a different kind of product.

The term runs 6, which is shorter than the 12 site median term and places Avant Money at 26 of 35 brands ranked by length. A short commitment suits readers who want a known return without a long lock.

Partly. The access terms allow a partial withdrawal after an initial waiting period and then hold the balance to maturity, so plan around that. Readers who may need the full sum sooner should size the deposit to money they can leave in place for 6.

Deposits sit under EU DGS up to EUR 100,000, the EU deposit guarantee, and the provider is authorised in Ireland by the Central Bank of Ireland under licence PSD_PI IE_CBI!C129700. Both the scheme and the licence are the checks to make before committing the €2,000 minimum.

The contract is with AVANTCARD DAC, a provider based in Ireland, and the product itself is a single fixed deposit rather than a wider banking suite. That keeps the terms narrow: a €2,000 minimum, a 6 term and a €0 fee.

Support runs on phone and help centre, so a call or a visit to the help centre is the route for questions on the withdrawal terms. Readers can confirm the provider on licence PSD_PI IE_CBI!C129700 and read the access terms before placing the €2,000 minimum.