Remunerated accounts maintained the rate during the first three months of the year. The returns offered by these products did not change compared to deposits. “The interest on fixed terms has been gradually decreasing due to the increasingly closer probability that the European Central Bank (ECB) will lower interest rates at some point in the coming months,” point out the experts from the comparator HelpMyCash.
And everything indicates that paid accounts will continue to be favored by the most conservative savers, who have found in them a simple and effective way to make their money grow. The best ones offer an interest rate of 4% APR for one year.
Experts add that in paid accounts the money is not in any danger, since they are under the protection of the Deposit Guarantee Fund, which protects up to 100,000 euros per owner and account. In that sense, from the comparator they review the five best paid accounts of the moment.
Trade Republic offers the best paying account at the moment: 4% APR. It can be contracted for as little as one euro and for balances of up to 50,000 euros, which guarantees gross profits of 2,000 euros. Furthermore, to access it it is not necessary to domiciliate the payroll. It also does not charge commissions of any kind.
At the same time, Trade Republic also allows you to enter the world of investment, since you can invest in ETFs or shares.
The Revolut Flexible Account is another option. This is a monetary fund that invests in very low-risk products, such as Treasury Bills or deposits, with an expected return of up to 3.97%, according to the contracted plan. It also does not require any type of requirement to be able to open it and the interest settlement is done on a daily basis.
National banks have also been very active in the field of paid accounts with different equally interesting offers. One of them is the EVO Smart Welcome Account. It is an account without commissions and without linkage that gives access to an interest of 2.85% for a maximum amount of 30,000 euros, which would allow obtaining 843 euros gross.
Furthermore, if you have more savings you can open a six-month deposit also with a remuneration of 2.85%. Likewise, with it you will have access to a card that you can use debit or credit interchangeably, withdrawing money at no cost both at domestic and foreign ATMs.
Wizink also has a paid account with a 2.3% APR in its product catalog. Unlike the rest of the accounts, it has no maximum amount, and allows you to obtain profitability from the first euro. It also does not require any type of conditions or charge any fee for the maintenance and administration of the account.
Finally, the Sabadell Online Account stands out. It is a remunerated account with an interest of 2% indefinitely for savings of up to 20,000 euros and without any commissions. The account comes with other advantages such as a 3% refund on electricity and gas bills and gives access to a completely free debit card.
