The European Central Bank (ECB) pivoted its monetary policy in August last year, adopting a more restrictive policy in order to control runaway inflation in Europe. This has caused a change in the strategies of the different banks, which have begun to offer new offers on deposits and accounts in order to attract new customers and maintain existing ones.
The six-month deposits offered by Spanish and European entities are already clearly beginning to exceed the 4% APR, approaching the 4.5% interest rate that the ECB set since September. These are the best offers on the market for deposits of this duration.
The Global Investment Bank has just launched its six-month Big Deposit with 4.25% APR for new clients. It is a fixed-term deposit, and to request it a minimum investment of 10,000 euros is necessary, without exceeding 75,000. It is one of the most profitable six-month deposits in the entire Eurozone. Unlike the product launched a few months ago, it is not a combined product.
Another of the six-month deposits that exceeds 4% APR is the one presented by the Facto account, of the BFF Banking Group. It offers a profitability of 4.25% APR for balances between 5,000 euros and 3,000,000 euros. It does not have early cancellation, and is aimed at new customers. Your contract can be carried out online.
One of the first banks to offer profitable deposits after the inflation crisis was Banco Santander, through its subsidiary Openbank. Its six-month deposit, which started with a yield of 0.20% in September 2022, has been upgraded to 3.07% APR. To request this deposit, it is necessary to direct deposit a payroll of at least 600 euros for a minimum of 4 months.
EBN Banco’s six-month deposit offers a profitability of 3%, with a minimum import of 10,000 euros and a maximum of 400,000. You have a free associated account and early cancellation is not available.
MyInvestor also offers a return of 3% APR on your six-month deposit, with a minimum import of 10,000 euros and a maximum of 100,000. To contract it, it is necessary to open a checking account at the bank, which offers a 2% APR up to 50,000 euros during the first year and from there contract the deposit.
ING Direct, for its part, offers a remuneration of 4.00% APR on its 6-month deposit, recently updated, but in this case the offer is aimed at those clients who have saved during the last one month.
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