Blog
November 30, 2020

Investing as an alternative to saving

Unfortunately, the time when saving still gave us a high return is far behind us. The DNB itself wrote last week that paying for savings is going to happen more and more often. But when is investing a good alternative to saving?

Investing as an alternative to saving
Investing as an alternative to saving

Saving or investing?

It's a hot item. The savings interest. Last spring, ABN was the first to announce that it would no longer give interest on current savings accounts. Other banks followed quickly. De Volkskrant published a paper on alternatives to saving. 2 of the 5 alternatives connect to the world of BOTS. Investing and crypt currency. But when is saving better than investing and vice versa? Today we explain it to you.


Saving for a buffer

Everybody gets a financial setback every once in a while. A broken car. Your washing machine stops. And so there are countless examples of times when it's handy to have direct access to your money. A savings account is ideal for this. You decide how much you want to have available as a buffer, and you set this amount aside. Your emergency fund, as it were. How much this amount should be differs per person and situation. You can make a calculation using the Nibud buffer calculator. This calculator assumes that the higher your income is, the more buffer you should have. Of course, this is entirely up to you. Therefore, take the outcome as a starting point and start stripping or replenishing from there. Buffer saved? Fine, get out of the way and don't touch it. Or you'll have to deal with such a financial setback.


Saving for a purpose

Many people save for a specific purpose. A nice trip, a new car or maybe for the children's study. For this they open a savings account and they get to work. Every month (or when it comes out) an amount is deposited and slowly but surely the balance of the savings account rises. In some cases a deposit savings account is used for this purpose. You then put your money aside for a longer period of time, at a higher interest rate. Then, for the length of the deposit, you cannot get your money. The average interest rate on a deposit is currently between 0.40% and 0.75%. Depending on the length of the deposit. When the goal has been reached, the money will actually be used for that purpose and your savings account will be empty again.


Investing as an alternative to saving

In both cases above, saving is an excellent option. You set yourself a goal, you achieve it and you can save further for a new goal. Investing becomes a good alternative to saving if you want your money to grow faster than in a savings account. It is better not to invest with a buffer. It is best to save it together, and if you use some of it, quickly replenish it. Investing you do with money you do not immediately need.

Saving for a purpose could be done by investing. With a good trading strategy your returns can increase considerably. Your money will grow much faster than in a savings account. In other words: you get to your savings target faster. Tasty. Time for a new savings target. Who knows, you may have such a taste for it that you will set bigger goals. Maybe you want a second apartment for rent or retire early. Because your money is growing much faster, these have suddenly become things you can think about.


Start investing via the BOTS app

Investing sounds a lot more exciting than it is. We've built an app that gives you access to the best trading strategies in the world. Strategies that were previously only available to the richest 1% in the world. Dishonest, we think. And that's why we've built a platform where the best developers offer their bots. These bots trade for you based on artificial intelligence, machine learning and algorithms. So, bots are basically automated trading strategies. Another advantage: bots don't sleep and don't know emotion. And that benefits your bottom line.

Starting to invest via BOTS is easily done. Within 2 minutes you will have created an account. Make sure you have your ID at hand. You will need your ID to create an account. This is a standard procedure for every company that offers financial services. Once you have created an account, you can easily see which bots are currently trading and, very importantly, what their results are. Choose the bot you want to start with and transfer money to your available funds. You can start from as little as € 50,- and you pay via iDeal.

In this way you can try out how you like investing in a way that suits you. And more importantly, how you like the returns. And then you decide for yourself how you are going to achieve your savings targets, in what way and at what speed.


Need any help with anything?

If you still have questions about the BOTS app, do not hesitate to contact our support department.

On our YouTube channel you will find other instructional videos that might help you further. You are also very welcome on our Discord channel.


Investing is for everyone

Everyone should be able to invest. And now they can. With BOTS. Are you interested, but your question hasn't been answered yet? Take a look at the FAQ's on our site. Or contact us, we will gladly explain it to you in person.


The BOTS app is now live

Download the BOTS app on your mobile phone today! For Android click here, for Apple click here.



There is no such thing as risk-free trading. It is possible to lose (part of) your stake.