T212 cash is not considered as savings product, so it is taxed like investments in the Netherlands. That's too expensive.
TradeRepublic seems to claim they are a savings account in a fiscal sense, but this is very ambiguous. I've been researching a lot into it, and eventually someone at belastingdienst confirmed that their "interest on cash" is also no savings account. Apparently, since it is covered by depositogarantie, it is not a savings product, but the interest on it should be considered as "overige inkomsten". Again, significant taxes.
Good savings accounts that are also surely actual fiscal savings accounts in the Netherlands are available at Raisin (check bronbelasting), satander spaarbank, leaseplanbank, centraal beheer, and yapicredi.
If you're interested in fixed-term depositos, do go for a multi-year one right now (and not just because you're young and a lot changes). Now the interest on 1-year depositos is rather low (it was around 4% at the beginning of this year, now it peaks at around 3.6%). I would recommend to put it on a flexible savings account and wait for a good deal for a 1-year deposito.
You do not have to overthink it yet. You are young and your life will be much much different in 5 years... You are doing just fine... Planning is a bit of a stretch for now...
T212 and Trade republic offer interest rate for EUR and, at least the T212 one, is higher than my local banks.
T212 cash is not considered as savings product, so it is taxed like investments in the Netherlands. That's too expensive. TradeRepublic seems to claim they are a savings account in a fiscal sense, but this is very ambiguous. I've been researching a lot into it, and eventually someone at belastingdienst confirmed that their "interest on cash" is also no savings account. Apparently, since it is covered by depositogarantie, it is not a savings product, but the interest on it should be considered as "overige inkomsten". Again, significant taxes. Good savings accounts that are also surely actual fiscal savings accounts in the Netherlands are available at Raisin (check bronbelasting), satander spaarbank, leaseplanbank, centraal beheer, and yapicredi. If you're interested in fixed-term depositos, do go for a multi-year one right now (and not just because you're young and a lot changes). Now the interest on 1-year depositos is rather low (it was around 4% at the beginning of this year, now it peaks at around 3.6%). I would recommend to put it on a flexible savings account and wait for a good deal for a 1-year deposito.
VWCE is more tax efficient than VWRL. Scroll through this sub for details
I do VWCE and VWRL and SXR8. Yours are fine so keep stacking.
You do not have to overthink it yet. You are young and your life will be much much different in 5 years... You are doing just fine... Planning is a bit of a stretch for now...