MyInvestor, Andbank’s digital bank, launched a new deposit at 4% APR for 1 month, from 5,000 euros. will be available from this Thursday to December 12as reported by the entity in a note. The profitability is not comparable to that of the vast majority of deposits on the market, which offer lower returns, but for longer durations (generally 3 months, 6 months and 1 year). This MyInvestor product can only be purchased for one month. Two three-month deposits increase their profitability in the face of ECB rate cuts.
MyInvestor already offers other deposits for amounts from 10,000 euros. It currently has 1 to 3 months at 3% APR for customers with an automated wallet with an investment of 150 euros. If you do not subscribe to this product, the deposit rate is 2.75% APR. For 6 months and 12 months, deposits offer 2.75% and 2.50% respectively to those who have automated wallets, and 2.50% and 2.25% respectively if they do not contract this product.
“MyInvestor wishes to encourage its clients to grow your money in automated wallets because it is a product that adapts to all risk profiles, is simple, transparent and has low commissions. To hire them, the customer just needs to do a simple test online and you will be assigned a portfolio comprised of funds designed to achieve your financial goals,” the bank said. EBN opens the deposit “war” by offering 3.55% for 12 months.
MyInvestor deposits are covered by the Deposit Guarantee Fund in Spain. Up to 100,000 euros can be contracted. The entity directs its deposits both to the entity’s customers and to new customers. and they can be contracted both with money that the client already has in MyInvestor (old money) and with money from other entities (new money).
To hire them, all you need is a free paid current account, which can be opened online in a few minutes. This account offers remuneration of 2% APR up to 70,000 euros in the first year, without any conditions. From the second year, customers can maintain the 2% APR by making monthly investments in automated portfolios, funds and plans from the MyInvestor and Finanbest range, as well as other selected products.
