"I have a retirement lump sum, some of which I will spend and some of which I will invest or save."
"There is a German bank, Raisin, which seems to give good interest rates but I worry about how safe it is."
Allocate a retirement lump sum between immediate spending needs and secure savings or investments. Recognize that domestic banks may offer low deposit rates, which can make foreign platforms attractive. Use deposit marketplaces carefully: deposits are typically held at named partner banks and are protected by each partner bank's national deposit guarantee scheme, usually up to €100,000 per depositor per bank under EU rules. Platform failure generally does not erase deposits held at partner banks but can delay access. Check partner-bank names, licensing, compensation-scheme details, currency and tax implications, early withdrawal terms, and diversify across banks to remain within protection limits.
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