Banco Sabadell has improved the conditions of its popular Online Account. The entity not only maintains the remuneration of 2.5% APR during the first year —for a maximum balance of 30,000 euros—, and the bonus of 200 euros net in cash when domiciling the salary, but now it will also return 3% of the purchase amount. “This combination of incentives makes this account one of the most attractive in the Spanish market”, acknowledge the experts of the financial comparator HelpMyCash.com
The promotion will be valid for new customers who open the Online Account and make purchases with the associated debit card. “As explained by the entity, they will return 3% of what was spent from the date of registration of the product until September 30. Although this benefit will only be for customers who have contracted the account between July 1 and September 4 ”, they detail from the comparator.
Banco Sabadell has thus responded quickly to the movements of the competition in the field of remunerated accounts. Recently, Renault Bank raised the profitability of its Cuenta Contigo to 2.63%. With this improvement, Sabadell further enhances its account without administration and maintenance fees, without link conditions.
“If you do the numbers, with this online account you can earn up to 750 euros in terms of profitability, plus another 200 euros for domiciling the payroll — which must have a minimum of 700 euros — or 950 euros in total. And now the 3% refund is added”, they highlight.
The intense battle between banks to attract new customers continues to grow. Currently, several entities such as Evo Banco offer a welcome interest rate of 2.5% APR on your Smart Account, also up to a maximum of 30,000 euros. Targobank has recently raised the yield of its Próxima Account to 2.53% APR without limit, but with certain conditions. While N26 remunerates your account at 2.26% APR, without conditions for contracting products, or direct debit of payroll or permanence. In addition, it rewards from the first euro up to a limit of 50,000 euros. And it is followed by Abanca, which gives a 2% APR of up to 15,000 euros and offers a bonus of 300 euros for domiciling the payroll.
The main banks continue to implement increasingly comprehensive offers to attract new clients in a highly competitive market that, according to experts, will experience the expected rises in interest rates in the coming weeks. Although, yes, they continue to resist the return of the remuneration of deposits.
