The best interest-bearing accounts already exceed inflation, which last June stood at 1.9% year-on-year.
The rise in interest rates has triggered the profitability of interest-bearing accounts, which in just one year have gone from being an unattractive product to offering returns of over 2% without commissions and without payroll.
“They are less profitable than the best deposits, but they allow you to always have money available and, in addition, save little by little,” explain sources from the HelpMyCash.com financial product comparator. “They are interesting for savers who want to set aside a part of their salary each month to build a cushion and also for those who want to have their money fully available, either because they don’t know if they are going to need it or because they are waiting for it. find better opportunities to make their savings profitable”, they add.
But how much can you earn with a paid account? It depends on the amount that is invested, logically, but also on the limit set by the bank. Some accounts have a maximum remunerated balance and all the money that exceeds that amount does not earn interest, so it is important to know it. And in some it is considerably low, only 5,000 euros.
Leaving aside all the accounts that rent at 5% APR, which usually have a very limited maximum balance and, in addition, require contracting other products or assuming other bank requirements, the best savings accounts rent between 2 and 3%, They point to HelpMyCash.
The Cuenta Contigo from Renault Bank stands out at 2.63% APR. Its interest far exceeds the average and, in addition, it does not have a maximum remunerable balance.
Other accounts with interest rates above inflation are those of EVO and Banco Sabadell. EVO Banco’s Welcome Smart Account has a return of 2.5% APR during the first year for a balance of up to 30,000 euros, so you can earn up to 750 euros gross.
The Banco Sabadell Online Account also rents at 2.5% APR the first year and limits the remunerated balance to 30,000 euros. However, it has two more advantages: it returns 3% of all purchases paid with a debit card in July, August and September and gives an extra 200 euros to customers who deposit their salary, pension or unemployment of at least 700 euros.
None of the three have commissions or require direct debit of a payroll. Of course, the EVO and Sabadell accounts include a completely free card to pay for purchases or withdraw money, an advantage that the Renault Bank account does not have.
Other options are the Targobank Próxima Account or the Bank Norwegian savings account, the first at 2.53% APR and the second at 2.5% APR. Its main advantage is that it allows you to save a lot of money (Targobank does not set a limit and Bank Norwegian sets the limit at one million euros). However, the account of the former obliges the client to meet requirements. For its part, Bank Norwegian does not require a link, but as it is a foreign bank, the client has to manually declare the interest in the income and present the 720 model if he invests more than 50,000 euros.
Also noteworthy is the N26 savings account at 2.26% APR up to 50,000 euros with which you can get more than a thousand euros gross per year in interest. It has no commissions or conditions. To open it, all you have to do is sign up for a free checking account at N26 and then open the savings account through the bank’s app.
