The path of lowering interest rates that the European Central Bank (ECB) began in June and continued in September will continue this Thursday: it is assumed that the institution will carry out a further reduction of 25 basis points. In this context, the interest paid by financial institutions on their deposits has decreased in recent weeks. However, most banks offer, with their 12-month deposits, a higher yield than Spanish Treasury bonds for the same duration (which offer 2.67% on the secondary market).
The most notable performance is offered by Cetelem, with 3.18%, which for an amount of 50,000 euros would allow you to pocket 1,588 euros. But they also overcome the 3% barrier Banco Finantia – which applies 3.10%with a minimum investment of 50,000 euros and a maximum of 500,000- and Pibank -part of the Pichincha group-with 3.03% and with no minimum or maximum investment requirements.
In line with the European Central Bank’s rate cut, several entities have revised downwards the profitability of their products in recent weeks. This is the case of SelfBank, which adjusted the remuneration of its 12-month deposit from 2.62% to 2.55%, for a vehicle allowing investments from 1,000 euros.
Deutsche Bank also reduced the yield on its 1-year deposits, from 2.20% to 1.90%. In this case, it is possible to invest between 3,000 and 100,000 euros. The German entity has also lowered the interest on its 3-month vehicles, from 2.82% to 2.47%, with the same maximum and minimum amounts as the 12-month deposit. For its part, the ethical bank Triodos adjusted the profitability of its 12-month deposit, which went from 2.65% to 2.50%. The minimum investment is 3,000 euros.
Among the highest yields, we still find those of EBN Banco – which offers 2.90% for amounts of at least 5,000 euros -; Banco Pichincha (2.83%); BFF (which pays 2.78%) or Banca March (2.75%, for amounts from 10,000 euros to 2 million).
