Next November 30, ING will stop offering one of its fixed-term deposits, according to indicated on the bank’s website. Specifically, clients will not be able to contract their product with a 2.75% APR and a term of four months from that date onwards. This offer is added to a portfolio with 5 other fixed-term deposits in which the client can contract different remunerations depending on the money invested and the chosen term, all with returns below 3% APR.
These are the conditions of the 4-month ING deposit
Specifically, at 4 months and under this offer of 2.75% APR, the highest remuneration paid by ING, the bank remunerates from the first euro and, after the update in October in which the maximum allowed deposit, pay for the balance of up to 500,000 euros. Therefore it is a product that both conservative investors With a smaller capital and those who have great savings can contract the product.
However, the client must take into account that the maximum amount insured by the Deposit Guarantee Fund (FGD) of Spain is 100,000 euros per user in each entity, so to guarantee all the money invested a maximum amount of 100,000 euros must be disbursed. If you want to allocate more money to these products, the ideal is to choose several entities.
ING allows you to cancel the product early, with a 50% penalty on the interest paid for the time the money has been deposited. That is, the client will receive a credit of 1.37% APR.
This product, which will no longer be available in November, is added to the following fixed term deposits offered by ING: 1.90% APR for 12 months for investments up to 50,000 euros; For disbursements of between 50,001 euros and 100,000 euros, the entity pays 2.00% APR for 6 months or 2.15% APR for 12 months; and, for deposits from 100,001 euros and up to one million, the bank promotes a 2.35% APR for 6 months and a 2.65% APR for 12 months.
These offers also allow early cancellations and entail the loss of the interest generated.
Other fixed-term deposits with Spanish guarantee
The conservative investors Those interested in fixed-term deposits can obtain higher returns from products that operate under the Spanish FGD through Cetelem. The BNP Paribas trademark in Spain pays up to 3.80% APR over 3 months and allows you to deposit any amount of money. It also offers 3.52% 6-month APR, 3.24% 12-month APR, and 3.29% 24-month APR. It is the entity that pays the most with a Spanish guarantee.
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