The public treasure has once again cut the profitability awarded in the public debt titles, carrying the interest of the letters nine months below the 2% level in its last April auction. Meanwhile, the Fixed Term Depositswhich have also suffered the scissors of the European Central Bank (ECB), endure the fall better, with some offers that still pay 3%rates.
The sensitivity of public debt to monetary policy led to Treasury Lyrics to take house savings during the upward cycle, multiplying by 135 the balance of the families invested in these short -term titles in 2024, compared to the data of 2021, before the increases of interest rates -since the 17 million euros in 2021, to the 25,298 million last year.
All this, while Spanish fixed term deposits They barely reacted to the types of reference of the ECB, which reached 4.5% in September 2023. This lack of supply occurred, on the one hand, promoted by a transmission of the most leisurely monetary policy and, on the other hand, by national entities that did not seek liquidity in the pocket of the savers.
“The costs and information problems associated with changing bank (portability between entities), the shortage of alternatives to hire savings products other than deposits or the need to deepen initiatives of Financial Education They are some of the relevant elements that condition this situation, ”explained the National Commission of Markets and Competition (CNMC) in January, after analyzing the Reasons for the low remuneration of bank deposits in Spain.
However, although the reaction was slower, other eurozone countries did participate in a War for savingswhich led them to increase the interests of their banking products, reaching rates above 4% Tae in some fixed term deposits.
Although now that level has been left behind, with seven type cuts already applied since June 2024 and the deposition ease rate at 2.25%, some banks still offer attractive profitability that considerably exceed the remuneration of the Treasury letters.
Treasury Lyrics pay 2% interest
Specifically, at the two auctions of the month of April the Treasury has awarded an interest of 2,119% to the titles to three and six months, from 1,927% to the letters to nine months and from 2.023% to the letters at twelve months. Meanwhile, the average interest rate of deposits To households in the month of March it was 2.05%, compared to the 2.21% that European banks paid on average. Therefore, in Spain, the best fixed term deposits also come from the hand of foreign entities operating in the Spanish market.
Fixed term deposits that pay an interest around 3%
The highest interest is offered by Ban Big, a Portuguese entity that has Branch in Spain. Among its offer, the Bank pays 3.25% APR to three months and 3% APR at six months for investments from 10,000 euros to 75,000 euros.
In the nine -month period, the Portuguese Haitong, which also has a branch in Spain and pays an interest of 2.61% Tae. In this case, the entity requires that the minimum disbursement be 10,000 euros, while the maximum allowed is 100,000 euros. The deposit is offered through the Raisin platform, which markets Savings products in collaboration with European banks.
Through this platform there is also the deposit one year with the highest interest, offered by Payray, from Lithuania. The entity too Remune savings with 2.61% Taealthough it guarantees the rate for three more months. The minimum required disbursement is 5,000 euros and the maximum limit of 95,000 euros.
Spanish deposits also pay 3%, but if you link yourself
Households looking for bank deposits by the hand of Spanish entities must comply with greater links To obtain the highest rates, since national banks seek to loyalty to new customers or place other products in exchange for high remuneration.
For example, Arquia Banca pays 3% APR at 6 months for balances from 10,000 euros and up to 50,000 euros to those who meet one of the following conditions: Have a payroll of more than 900 euros, hire an investment fund or a pension plan for an amount equal to or greater than 5,000 euros or hold the health insurance of the Insurer HNA whose hiring has been made under mediation of Arquia Banca.
Deutsche Bank, on the other hand, pays the same interest but for a whole year to those who domicile a payroll of 1,500 euros or more, make use of the credit card and invest at least 10,000 euros in an investment fund. In case of not complying with any requirementthe entity pays 2% Tae.
Remuneration descends considerably between national deposits without links. It highlights 2.52% 6 -month Tae paid for Banca March -For investments of 500,000 euros and up to 50,000 euros-; 2.40% Tae 12 months from Wizink -from 5,000 euros and up to 250,000 euros-; or 2.27% to the same period offered by GDP -without minimal amounts or maximum to invest.
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