In the search to obtain profitability from our savings after years with hardly any interest, one of the current options is the paid accounts. It is an investment product through which the client deposits his money in the bank in exchange for an agreed return. Its main characteristic, and difference compared to the deposit, is that the client can have his money at any time no penalties.
In addition, another of its characteristics is the possibility of carrying out punctual or periodic contributions, according to the contract signed with each entity. In other words, paid accounts are a more flexible option for the client. However, compared to this greater flexibility, generally through deposits, banks offer more profitability.
Even so, for those interested in opening a remunerated account, Spanish banks have a variety of offers and the returns offered are even higher than those of other European entities. The interest offered reaches up to 5% and, among the options, it is possible to contract both remunerated accounts with direct debit payroll, and without the obligation to direct deposit a payroll.
Profitability of up to 5%
In the case of Banco Sabadell, it offers with its Online account a return of 2.5% APR without obligation to domicile the payroll. It offers interest for up to 30,000 euros. In addition, it is possible to obtain another 200 euros net when opening the account, if the client directs a salary or a pension of any amount or receives monthly transfers of at least 700 euros.
Furthermore, with the Evo Banco Smart Account it is possible to obtain a profit 2% TAE for a balance of up to 30,000 euros. This is a promotion valid only for the first 50,000 new customers.
The Welcome Savings Account with OpenBank Payroll It stands out for its profitability of more than 5% APR. It is only available to new customers and as long as they bring their salary with a minimum income of 900 euros. The interest of 5% is available for a maximum balance of 5,000 euros and from that amount it is remunerated at 0.2%. The return from the second year will be 0.2% for the entire balance.
For her part, the Cuenta Clara de Abanca offers a return of 2% APR up to 15,000 euros. The main requirement is to direct deposit a salary. If it is 800 euros or more, the entity offers 150 euros when opening the account and if the salary exceeds 1,200 euros, the incentive will be 300 euros.
Other options for remunerated accounts without domiciling the payroll
One of the options without payroll linkage is the Savings Account N26which offers a return of 2.26% APR up to 50,000 euros. For example, with a daily balance of €15,000 for 12 months, the customer will earn a total gross interest of €339. These interests are paid on the first day of each month.
The entity itself –based in Germany and which operates online- explains on its website that “you can move freely at any time and instantly, without losing the interest you have already earned”. To access this account, the client must “have a personal bank account N26 with Spanish IBAN”.
for his part Renault Bank, with its Cuenta Contigo account, offers a return of 2.27% APR without obligation to domicile any receipt, or income. The settlement of interest is monthly and will be calculated daily on the balances maintained. For example, with a constant daily balance of 10,000 euros, after one year, the client will have received 225 euros gross in interest. The net amount will be 182.25 euros.
The returns offered exceed those found outside of Spain. According to its profitability, the account that offers stands out Klarna with a return of 1.95% APR. The Swedish entity offers interest for a balance of up to 90,000 euros.
Source: LA INFORMACIÓN – Lo último by www.lainformacion.com.
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