Last week, the Federal Reserve cut interest rates, highly anticipated by investors, and there is speculation that it will continue on this path. with a new drop in December. Also on this side of the Atlantic, another drop in the price of money is expected in the last meeting of the year by the European Central Bank, the fourth time since it began in July with changes in its monetary policy. Given this, banking entities They have been adjusting salaries downwards that they offer in their deposits with fixed terms, in line with the path of cuts in Europe, however, they still maintain a yield of 2.87% on average, among the most profitable vehicles. Despite everything, there are two banking entities that they swam against the current from the ECB this week. These banks are MyInvestor and Selfbank, which They have increased the profitability of their investment vehicles to three months.
The two banks lowered the yields on their deposits a few weeks ago, but in recent days they have increased them again to the levels they previously offered. In the case of MyInvestor, The entity has increased its performance by up to 3% for one of these vehiclesfrom the 2.75% to which the firm had previously cut. In this way, it becomes the third most attractive three-month deposit in our country, which will be available until next December 13. The minimum entry amount is 10,000 euros, and the maximum allows up to 100,000 euros per deposit.
On the other hand, Selfbank also improves its depositary remuneration percentage by offering 2.75%, after lowering it to 2.30%. Singular Bank’s banking service has a lower amount to start investing in the entity, estimated at 1,000 euros, and you can deposit up to 1 million euros in its vehicles. It should be noted that both firms are part of the Deposit Guarantee Fund (FGD) of Spain, which in the case of bankruptcy guarantees the return of the first 100,000 euros deposited by an investor.
As for the rest of the companies, there have not been many changes in the profitability of other firms in recent weeks, only EBN Banco has lowered the percentage of yield it offers for its deposits since Octoberfollowing the ECB’s line of monetary cuts. Now the entity pays 2.85% for its deposit for a quarter, compared to the 3% it gave until mid-October.
Delving into the most profitable vehicles in the next three months, there are still three banks that continue to offer attractive opportunities to achieve returns above 3%. These are Cetelem, BFF and MyInvestor, which we mentioned earlier.
Cetelem, the BNP Paribas financial company, is the one that contributes the most to investors for depositing in three months, with a 3.8% profitability. The division of credit products for individuals of the French bank has no limitations on the amount to invest, since it does not require a minimum or maximum level for your vehicle. In second position, BFF continues with its yield at 3.55%, its minimum contract amount is 5,000 euros, and the limit is set at 3 million euros. The BFF Guarantee Fund is Italian and operates in the same way as its Spanish counterpart, by offering a maximum guaranteed amount of up to 100,000 euros per holder.
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