strong High interest rates That the European Central Bank (ECB) has been making a bid for months has left behind a long period of zero cost of money. Despite the fact that the movement is accelerating to increase interest on debt than on savings, little by little Banks begin to replace the savings of customers to attract new customers.
They do this through deposits. In this case, the investors deposit their money in the bank for a fixed period. for the agreed interest. This bonus will be taken once the term ends, but during that period the customer will not be able to dispose of his funds.
In its quest to offer attractive bank deposits, Spain is at rock bottom. European banks offer better offers to get profitability from savings. Yields of some Spanish entities are as high as 3%, rivaling the wrath of treasury bills, but in Europe, yields of up to 4% are already being paid.
Banca Sistema, in the lead
According to the data provided by the Raisin platform, the Italian entity Banca Sistema leads the deposit offering with returns exceeding 4%. Specifically, it offers 3, 4 and 5 year deposits with interest rates above that percentage. It requires a minimum contribution of €20,000 and a savings compensation of up to €100,000.
At the edge of 4% deposit provided by Portuguese Haitong Bank. Its two-year deposit offers a yield of 3.98% APR and for three years, it gives 3.95 APR interest. In this case, the minimum amount is 10,000 euros, and he will also pay up to 100,000 euros. On the other hand, with a three-year deposit Italian Banca Progetto You can get a return of 3.9% APR. It also requires a deposit of at least €10,000 and will give interest on up to €100,000 in savings.
For those with less savings, the Estonian bank LHV Bank Offers a 2-year deposit at 3.55 APR. This interest will be paid from 500€ up to 100,000€. The same interest can be obtained from the one year deposit that you make Lithuanian Fjord Bank. In this case, the minimum investment is €1,000 and compensation of up to €95,000 will be paid.
deposits abroad
If you are looking for the highest deposit profitability, European banks offer higher interest rates than Spanish banks. Therefore, it is also important to look outside. Foreign time deposits work in the same way. The customer delivers an amount of money to the entity within a certain period at the end of which the amount delivered is received in addition to the agreed interest.
With regard to the security of these funds, it is necessary to take into account the bank in which the deposit is contracted and, above all, in which country it is located. All banks located in the European Union are supported by Deposit Guarantee Fund (FDG) for each country. This allows you to protect up to €100,000 per landlord and banker. An amount exceeding this number is no longer guaranteed in the event of any problem.
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