Anyone know about savings accounts/401k/IRA's in Europe?

[girlafraid7 0]

Hi guys,

We have a chunk of money sitting in a checking account in Spain. I wish I knew more about their banks, etc. to be able to get that money invested into a savings account to start earning interest. Here I have a US online account that gets 5.05% interest; a 401K, and an IRA....does that type of thing exist in Europe? I've tried reading the Spanish bank sites, but that is vocabulary that I just don't know.

Please help. Is this even in the right forum???

[YuAndDan 153]

401K is a US / IRS code word for tax deferred savings, same thing as 403B

[mawilson 2,133]

401K is a US / IRS code word for tax deferred savings, same thing as 403B

I'm sure she knows what 401(k) is -- she's asking whether or not Spain has

an equivalent tax deferred savings plan.

[girlafraid7 0]

401K is a US / IRS code word for tax deferred savings, same thing as 403B

I'm sure she knows what 401(k) is -- she's asking whether or not Spain has

an equivalent tax deferred savings plan.

Yes i should hope I know what it is since I have all of my retirement savings in one! Need help with all of europe, not just spain--they all have the same currency after all!

[mawilson 2,133]

401K is a US / IRS code word for tax deferred savings, same thing as 403B

I'm sure she knows what 401(k) is -- she's asking whether or not Spain has

an equivalent tax deferred savings plan.

Yes i should hope I know what it is since I have all of my retirement savings in one! Need help with all of europe, not just spain--they all have the same currency after all!

Unfortunately, I can only help you with the UK (which doesn't have the same currency.)

[Peikko 1,575]

Try Ireland, same language, EU currancy.