Getting up to 5% TIN on your savings, with your money always available and without paying commissions, is possible thanks to some of the paid accounts that you can contract today. Now, you must keep in mind that under these attractive offers there is always some small print that you must read carefully: for example, that they require a certain connection, that they put a very low limit on the balance they pay or that the interest they pay drops. drastically after a first promotional period.
Despite these conditions, the truth is that paid accounts have become a good option for those who want to get the most out of their money without taking risks. The remuneration of its main competitor (fixed-term deposits) has been falling since last October: on average, they have gone from paying 2.987% TIN to paying 2.671%, that is, 10.6% less, according to Kelisto data.
On the other hand, remunerated accounts have managed to hold up to the rate much better: their remuneration fell slightly from February to March (-2.8%), but it has grown slightly again in April (0.44%). As of today, these products offer an average remuneration of 2.29% TIN: this figure rises to 2.51% among those offers that require a certain connection, and stands at 2.22% TIN for those that are free of demands.
The offers Bankinter (4.94% TIN), Trade Republic (4% TIN), Freedom24 (3.89% TIN), B100 (up to 3.35%), EVO Banco (2.81% TIN, ING (1 .49%) and Bankinter (up to 1.49% TIN) are some examples of the high remuneration you can get for your money if you decide to do it through a paid account.
With the Bankinter Remunerated Payroll Account you will get a 4.94% TIN the first year and a 1.99% TIN the second for balances that do not exceed 10,000 euros. To enjoy this high remuneration you must direct deposit your payroll and several receipts, and make several card payments. Among its advantages is that it does not charge commissions and that it will allow you to carry out all your banking operations from the same account.
The Trade Republic Account from Trade Republic offers you an interest of 4% TIN indefinitely and sets the limit to the maximum paid balance at 50,000 euros. This account does not charge commissions, but it does work like a traditional savings account: that is, it will not be used to carry out your basic banking operations, but is designed exclusively for saving.
With the Freedom24 D Account you can obtain 3.88%, without conditions, but keep in mind that this figure can rise or fall at the rate of the weekly Euribor, which is the indicator used as a reference. With this account, you will always have your money available, but if you need to make a cash withdrawal you will have to pay a commission of seven euros.
The B100 Health Account, ABANCA’s digital banking, is part of a pack that includes a checking account, a debit card and a paid account. With the latter you will get a 2.67% TIN, but if you set healthy life goals (which are measured by the number of steps you take per day) and you manage to meet them, the interest will rise to 3.35% TIN.
With the EVO Banco Smart Account you will get a 2.81% TIN for your money, indefinitely and with a maximum paid balance of 30,000 euros. This offer, in fact, is part of a pack made up of a checking account (without commissions or conditions), a paid account and a debit card.
Without conditions or commissions, with the Openbank Welcome Savings Account you will get 2.25% TIN (2.27% APR) on your money during the first 12 months (from 1 to 100,000 euros of balance). From there, you will have two options: if you domiciliate your payroll, you will get a 0.20% TIN and, if you prefer not to do so, a 0.05% TIN. By signing up for this paid account, Openbank will also open an Open Current Account for you. An account with no fees or requirements, allows you to carry out your day-to-day banking operations and also has a free debit card for the first holder.
The Bankinter Digital Account will allow you to earn up to 1.49% TIN on your money: specifically, it will pay you 1% for balances up to 24,999.99 euros, 1.25% TIN for those that range between 25,000 and 49,999 .99 euros, and 1.49% for balances of 50,000 euros or more. Otherwise, this account does not charge fees nor will it require you to comply with any linking requirements.
With the ING Payroll Account, in combination with the Orange Account, you can get a 1.49% TIN on your savings, in addition to enjoying a commission-free account, with free transfers and cards in which you can carry out your daily banking operations. To enjoy all these advantages, however, ING will ask you to domiciliate your payroll, pension or unemployment benefit, or regular income of at least 700 euros per month. Until May 24 you have a promotion where you can get up to €120 for your purchases at the supermarket.
Among the many savings and investment options that you can find on the market is the Inbestme Savings Portfolio. As its name indicates, this product is not a paid account, but rather a savings portfolio: that is, an account in which, instead of depositing your money, you deposit other financial assets
In your case, the Inbestme savings account relies on monetary funds, so its profitability will be highly determined by what happens with interest rates. Therefore, you must keep in mind that, although today it pays interest of 3.6%, this figure may rise or fall over time.
A paid account is a demand deposit that pays you a certain interest on your savings, with your money always available: that is, you can withdraw all your savings (or part of them) whenever you want and without assuming any type of penalty for it.
Remunerated accounts are considered one of the safest savings options for several reasons:
Before signing up for a paid account, it is important that you analyze some aspects of its fine print to make sure you are signing up for the offer that best suits your profile.
Among other things, it is important that you analyze how long the remuneration offered by the bank is applied, what is the maximum remunerated balance, if you have to meet certain connection requirements or if they charge you commissions.
