The rise in interest rates has given a good boost to savings remuneration. Some entities have opted for the deposits, whose returns have skyrocketed even above 3%. Others, the main ones, are still resisting and prefer for the moment to improve the interest on their remunerated accounts or to subsidize with cash payroll domiciliation.
“Not all banks are transferring the rise in rates to their clients at the same rate,” they point out from the financial comparator HelpMycash.com, where they assure that the best offers must be sought in online or foreign banking. In the case of accounts, traditional Spanish banking is taking steps forward with increasingly attractive remuneration and gifts to retain customers and attract payroll. Sabadell and Openbank combine the two incentives: remuneration plus direct money.
Salary is one of the most precious treasures for banks, since it allows them to start a relationship of loyalty with the client, who will probably also domicile the receipts and contract other products such as cards or loans.
Experts recommend carefully reviewing the conditions of the promotions, which usually require minimum amounts and permanence commitments (as little as a year) that usually carry penalties in case of non-compliance. The most common is having to return the proportional part of the money that has been received. It is also advisable to check if the checking account in which the payroll is going to be deposited has commissions.
paid accounts
Between the best paying accounts highlights that of bankinter, which pays up to 5% APR during the first year and up to 2% APR during the second on a maximum balance of 5,000 euros. In total, you can get 340 euros gross in interest in two years by domiciling the payroll. However, it is not a direct money gift as such, but interest generated.
openbank It has just launched the Welcome Account at 1% APR for 12 months up to 100,000 euros without payroll. Evo Bank has improved the profitability of your account to 0.60% APR for the first 30,000 euros, fulfilling conditions. The Orange Account of ENG yields 0.30% APR. The Savings Account wizink gives 0.50% APR. MyInvestor, Orange Bank, Renault Bank Y pibank They offer 1% APR with different limits. bank norwegian It provides interest of 1.25% APR without maintaining a minimum amount in the account. In foreign banking it is possible to obtain, through the Raisin platform, 0.96% APR in Leah Bank (Norway) and 0.95% in klarna (Sweden).
accounts with gift
Among the entities that give away money, the 300 euros from Abanca and the 175 euros from Sabadell stand out. Cajamar gives away 200 euros, while Openbank, BBVA, Banco Santander and Unicaja transfer 150 euros. CaixaBank opts for rewarding with a television.
Bank: The entity maintains a gift of up to 300 euros in cash for domiciling the salary in the Clara Online Account. The offer, for new customers only, is valid until December 31. The client receives 300 euros if the income is greater than 1,200 euros per month and 150 euros if they are between 800 and 1,200 euros. Requires a stay of 24 months. In case of non-compliance, the proportional part of the gross incentive must be reimbursed. The contracting of the account is 100% online. It has no commissions and allows you to pay with your mobile phone through the app. The debit card is free and the credit card is only for the first year.
Cajamar: It rewards customers (new and old) who direct their salary for the first time at any of the entity’s offices with up to 200 euros. Your welcome promotion is valid for the first 2,000 payrolls paid before the end of the year. The bonus is 200 euros if the recurring income is at least 1,200 euros and 100 euros for amounts between 950 and 1,199 euros. The term commitment is 36 months.
Sabadell Bank: The Banco Sabadell Online Account has a return of 2% APR for a maximum balance of 30,000 euros during the first year, if contracted between November 10, 2022 and January 10, 2023. Thus, new customers can obtain 600 euros gross. In addition, the entity gives an additional 175 euros in cash for domiciling the payroll of any amount. The account must be contracted online and has no commissions.
On the other hand, until December 31, 2021, the friend plan is in force, which allows you to receive an extra 1% APR if the account is contracted on the recommendation of a friend and bank customer.
Caixabank: The entity gives away, until next December 31, one of the most traditional gifts: a television. Specifically, it offers an 80 cm (32″) Samsung Smart TV with HD resolution valued at 229 euros to new customers who direct deposit a salary of at least 1,000 euros per month. It is also necessary to direct deposit three receipts per quarter and make at least three purchases with a card every three months.The conditions of permanence are demanding, since you have to be linked for two years and continue to be a bank customer for three more years.In the case of a contract, there is a penalty and the account could start to have commissions.
Openbank: Grupo Santander’s 100% digital bank offers 150 euros to all those customers, new and existing, who bring their payroll to the entity. If they domicile it in the Savings Account, they also obtain a return of 0.20% APR. In the case of the Welcome Savings Account with payroll, the remuneration is 2.66% APR. The minimum amount of the salary must be 1,000 euros net per month or 600 euros per month if you are between 18 and 31 years old. The assets must be maintained for at least 12 consecutive months from the first direct debit. The client will receive the money within a maximum period of two months from the direct debit of the payroll. The campaign is valid until December 12.
BBVA: The entity grants a bonus of 150 euros to all customers (and not just the youngest) who register the BBVA Va Contigo Account and deposit a new salary or pension equal to or greater than 800 euros. It is possible to contract the product without commissions from the branch, the web or the ‘app’ of the bank and join the promotion. Includes the Aqua Debit Card, 24-hour service and a second free account. It is necessary to respect a permanence of 12 months.
Santander Bank: The entity gives away 150 euros of cash for domiciling the payroll. The promotion, which will be valid until December 2, is exclusive for new customers who contract the Online Account without conditions. To obtain the bonus of 150 euros, it is necessary to direct deposit the salary or pension for an amount of at least 600 euros per month and respect a stay of 12 months. The Santander Online Account is 100% digital and has no maintenance or transfer fees in euros. For opening the Smart Account, give 100 euros.
Unicaja: The entity gives away a card of 150 euros net in exchange for two requirements: domicile a salary of at least 600 euros per month and respect a 24-month stay period. The Online Account Without does not have commissions, although it does have linked credit and debit cards that are not free.
For their part, Wizink, Bank Norwegian and Renault also offer gifts for the use of the cards. Wizink rewards two round-trip flights for two people to different national and international destinations for making purchases of 300 euros or more with the WiZink Me or Click Card in a period of three months. Bank Norwegian gives 30 euros in total when contracting and making the first payment with your credit card. And Renault rewards new customers who sign up for the Revolut Standard Account through Kelisto with 10 euros.
Except for Unicaja, which is in charge of paying taxes, in other entities it must be taken into account that the corresponding 19% tax withholding must be applied to the money received.
Up to 3.28% APR for a fixed term
The most profitable deposits exceed 3% APR, although you have to bet on very long terms. Through Raisin, the Italian Banca Sistema offers 3.28% APR over five years. For the same period, the French Younited pays 3.15% APR.
The most attractive for one year are BluOr Bank at 2.56% APR, Banca Progetto at 2.50% APR and Banca Sistema at 2.40% APR. The aforementioned entities operate under the umbrella of the guarantee funds of Latvia in the first case and Italy in the last two.
At two years, the deposits of BluOr Bank (2.87% APR), Banca Sistema (2.76% APR) and the French entity Younited (2.75% APR) stand out.
In the short term, the six-month Facto Account stands out at 2.27% APR, marketed by the Spanish branch of BFF Bank, protected by the Italian FGD. Among Spanish entities, Pibank rents 2.01% APR and Wizink 2% APR at 18 months.
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