As a result of the continuous increases in interest rates by the European Central Bank in recent months, banks are increasing the returns on their deposits to attract new customers, generating a fairly competitive offer.
Although deposits that reach 4% APR are in European banks, in Spain they already exceed 3% APR at different terms.
The experts of the financial comparator HelpMyCash.com have made an analysis of the best national deposits that can be contracted at this time.
In the shortest terms, Wizink has just launched a 3-month deposit at 3% APR. “One of the highest terms in the national marketâ€, confirm the experts.
For its part, Cuenta Facto has been another of the banks that has increased its profitability in this period, standing at 2.52% APR.
For savers who want to invest their money in one-year deposits, there are also good options in Spanish banking: Wizink adds a 12-month deposit to its offer with a return of 3.30% APR. Very close is that of Cuenta Facto, at 3.29% APR.
The financial comparator experts advise taking a look at foreign banks when hiring a bank deposit, since they currently offer better returns.
The Italian bank Banca Sistema offers interest of 3.92% APR on its deposit for two years, reaching 4.03% APR for three years and reaching up to 4.14% APR for five years
When dealing with long periods, from HelpMyCash they give a recommendation: “Distribute the savings in several terms and returns so as not to have all the money blocked for so long. This allows us to observe how the market evolves and take advantage of new, more profitable opportunities.â€
This type of deposit can be contracted from Spain through the German platform Raisin, which performs all the management completely online and free of charge.
In addition, contracting savings products through this website is safe, since all the banks included are backed by the Deposit Guarantee Fund of the country to which they belong.
