Entities continue to adjust downward the remunerations they offer for fixed-term deposits, in line with the rate cuts that the European Central Bank has been implementing. On October 17, the institution that governs monetary policy announced the third of the year, by another 25 basis points, up to 3.25%. There are several banks that in recent weeks have been reducing what they pay savers to deposit their money. The 12-month vehicles available in Spain currently offer, on average, 2.60%, a percentage similar to that paid by Spanish Treasury bills at this same term in the secondary market.
If we focus on 12-month deposits, Cetelem remains the most profitable. The division of credit products for individuals of BNP Paribas has even recently raised the profitability of this product from 3.18% to 3.24%, going against what the majority of entities are doing which, as we say, is to cut that remuneration. This is a product with no minimum required amount, which is attached to the Spanish Deposit Guarantee Fund (FGD), which guarantees the first 100,000 euros per depositor in the event of bankruptcy of the entity.
Just behind Cetelem, Pibank remains firm offering 3.03% on your one-year deposit, also with no minimum amount. This product allows total and partial cancellations. Like most of these deposits, it is also attached to the Spanish FGD, with that guarantee for 100,000 euros.
3% pays Banco FinantiaYes, only to those depositors with at least 50,000 euros saved. The remuneration of this vehicle has decreased from the previous 3.10%. In your case, the FGD to which you are attached is the Portuguese one.
With no minimum amount required, the Ecuadorian’s 12-month deposit Banco Pichincha is also among the most attractive, by offering 2.83%. And for amounts starting at 5,000 euros, EBN Bank offers 2.80% (previously paid 2.90%).
Banca March allows you to catch 2.75% for amounts between 10,000 and 2 million euros. And, for its part, ING offers 2.65% for deposits of 100,000 euros or more. The remuneration of this 12-month vehicle from the orange bank falls to 1.90% for lower amounts than that one.
BFF pays 2.52% for contributions from 5,000 euros, and Triodos 2.50% from 3,000 euros. Selfbank has the lowest threshold, at 1,000 euros, which rewards 2.30% (previously 2.55%) and MyInvestor offers 2.25%. from 10,000. Deutsche Bank, for its part, pays 1.90% for 12-month deposits of at least 3,000 euros.
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