Four 3-month deposits still exceed 2.80% profitability

This week, the Treasury held its last auction of 3- and 9-month bills for 2024. The public body paid out an average interest rate slightly lower than 2.57%, far from that of the previous placement, that of November, when it touched 2.57%. .72%. That 2.57% is in line with the price of these debt securities in the secondary market, where they are exchanged once issued, in which their profitability is around 2.59%.

The returns paid by the Kingdom of Spain to investors continue their downward trend, in line with the path of rate cuts undertaken by the European Central Bank, which continued this Thursday: The entity has announced a new cut of 25 basis points, leaving the deposit rate at 3%. It joins the other three that were already carried out in June, September and October, each of them for 25 basis points, like the latter. The market discounts at least five other similar declines between now and October 2025, according to Bloomberg.

Currently available on the market four 3-month deposits that exceed that 2.57% of the Letters: they are those of BFF, Cetelem, MyInvestor and EBN Banco. Its returns remain unchanged in recent days. Yes, there are changes in another 3-month Selfbank product, which has reduced its profitability from 2.75% to 2.50%.

The most profitable 3-month deposit, from the Italian bank BFF, pays an APR (Annual Equivalent Rate) of 3.55%but requires contributing at least 5,000 euros. Secondly, that of Cetelemthe consumer credit division of BNP Paribas, offers 3.10% from 1 euro. The third most profitable 3-month deposit is MyInvestor, with 3%, as long as the client contributes at least 10,000 euros and also contracts automated portfolios for at least 150 euros (that is, this product requires an investment, beyond the pure deposit). Without automated portfolios, the profitability is 2.75% (still, above 3-month Letters). In fourth place is the EBN Banco deposit, which from 5,000 euros pays 2.85%. Behind these vehicles are the aforementioned Selfbank, with its 2.50%, Deutsche Bank’s 2.47% and Triodos Bank’s 1.70%.

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