Last week, the Federal Reserve lowered interest rates, which was highly anticipated by investors, and some speculate that it will continue on this path. with a further decline in December. Also on this side of the Atlantic, a further fall in the price of silver is expected at the European Central Bank’s final meeting of the year, the fourth time since it began in July with changes in its monetary policy. Given this, banking entities They adjusted wages downward that they offer in their fixed term deposits, in line with the trajectory of reductions in Europe, they however still maintain a yield of 2.87% on average, among the most profitable vehicles. Despite everything, there are two banking entities which they swam against THE current from the ECB this week. These banks are MyInvestor and Selfbank, which They increased the profitability of their investment vehicles to three months.
Both banks lowered their deposit yields a few weeks ago, but in recent days they have increased them again to the levels they previously offered. In the case of MyInvestor, The entity increased its performance by up to 3% for one of these vehiclesfrom the 2.75% the company had previously reduced to. It thus becomes the third most attractive three-month deposit in our country, available until December 13. The minimum entry amount is 10,000 euros and the maximum allows up to 100,000 euros per deposit.
On the other hand, Selfbank is also improving its depositary remuneration percentage by offering 2.75%, after lowering it to 2.30%. The banking service of Singular Bank has a lower amount to start investing in the entity, estimated at 1,000 euros, and you can deposit up to 1 million euros in its vehicles. It should be noted that both companies are part of the Deposit Guarantee Fund (FGD) of Spain, which in the event of bankruptcy guarantees the return of the first 100,000 euros deposited by an investor.
As for the rest of the companies, there have not been many changes in the profitability of other companies in recent weeks, only EBN Banco has reduced the percentage return it offers on its deposits since Octoberfollowing the ECB’s line of monetary cuts. Now the entity pays 2.85% for its deposit for a quarter, compared to 3% until mid-October.
Looking at the most profitable vehicles over the next three months, three banks continue to offer attractive opportunities. to obtain returns above 3%. These are Cetelem, BFF and MyInvestor, which we mentioned above.
Cetelem, the financial company of BNP Paribas, is the one that contributes the most to investors for deposits in three months, with a profitability of 3.8%. The French bank’s personal credit products division has no limitation on the amount to invest, since it does not require a minimum or maximum level for your vehicle. In second position, BFF continues with its yield at 3.55%, its minimum contract amount is 5,000 euros, and the limit is set at 3 million euros. The BFF Guarantee Fund is Italian and operates in the same way as its Spanish counterpart, offering a maximum guaranteed amount of up to 100,000 euros per holder.
