Banking entities they continue to adjust salaries downward which they offer on their deposits at fixed conditions, in line with the reduction trajectory followed by European monetary policy. In the absence of a meeting of the European Central Bank for the rest of the year, the market expects that in 2025 it will continue to lower interest rates, and even at a faster pace due to Donald Trump’s victory in the US elections, as he plans to significantly increase customs duties on European exports. Currently, the 12-month vehicles available in Spain offer an average profitability of 2.5%, similar to the interest that the Spanish Treasury offered for its Letters, of 2.6%, during the last auction of this week. Even though these days EBN Bank led the opposite of the spear market a new one-year deposit which gives a return of 3.55%.
This new vehicle not only exceeds the average of entities in Spain, but positions itself above all. EBN Banco explains that this is a “combined deposit”, since it is a subscription of term deposits which is combined with investments through managed portfolios or investment funds. However, EBN reduced its conventional deposit, compared to the 2.80% it offered, up to 2.55% profitability.
To achieve maximum profitability of 3.55% APR (Equivalent Annual Rate) It is necessary to contribute at least 60,000 euros to the depositwhich is contracted through the bank’s managed wallet service. Nevertheless, It is possible to obtain a return of 3.25% with a lower amountthe minimum of which is set at 20,000 euros. This vehicle can be subscribed to directly on the website, in the bank’s investment funds section.
Returning to 12-month deposits, Cetelem remains the most profitable of all. The personal credit products division that BNP Paribas owns in October swim against the tide entities in their compensation reductions, by increasing the profitability of its product, from 3.18% to 3.24% that it currently has. This vehicle has no minimum amount required for the investor and is part of our country’s Deposit Guarantee Fund (FGD), which in the event of bankruptcy provides a guarantee for the first 100,000 euros deposited by an investor.
In second place in terms of remuneration, Finantia Bank stay firm, since it continues to offer 3% to its investors from 50,000 euros of depositwhich protects the Portuguese FGD. This entity improved its position due to the drop in Pibank’s profitability, to 2.83%. And it remains among the most attractive, without requiring a minimum amount or limit to be able to invest in one of its vehicles.
And although a large portion of companies continued to reduce their yields, five of them made cuts this week, while maintaining attractive percentages for investors.
Banco Pichincha also joined in the decline in profitability, which in its case They reached 2.52%, compared to the previous 2.83%. While Banca March and Banco Big they remain at 2.50%. Although Banca March has a minimum threshold set at 10,000 euros, Banco Big has a lower threshold, set at 1,000 euros. Note that the latter is covered by the Portuguese guarantee fund.
While, Best friend remains unchanged and pays 2.52%, for contributions of 5,000 euros or more. Like the deposit covered by the Dutch FDG, Triodos Bank, whose profitability remains at 2.5% compared to a decrease of 3,000 euros. Selfbank has the lowest threshold, at 1,000 euros, which rewards 2.30% (previously 2.55%) and MyInvestor offers 2.25%. from 10,000. Deutsche Bank, for its part, pays 1.90% for 12-month deposits of at least 3,000 euros.
