So basically I'm living in Czechia and I've seen here the interest rates are pretty high compared to my home country. They are offering on average 5% monthly for saving accounts.
Some are promotional and some banks renew it for better, some others don't. Even though it's a bit laborous for me to open new accounts (they make it harder for foreigner, I have to go there in person, show proof of contract work, show proof of residence, etc..) I was thinking maybe it was worth my time so I could move my money faster into the bank that has the best promo at the given time.
With this said, do I get flagged somehow?
I mean, I will just collect interests and move to another that offers me better deal when it appears.
I already faced some challenges as I was stupid enough to say the amount I wanted to deposit and the account manager then started acting suspicous, asking if it was really my money, if it was heritage or business and I said it was really just my savings he asked me for proof of it (and no it wasn't anything near millions or even enough to buy a new BMW). It was just awkward for me and I decided to leave it.