The slowdown in the rise in interest rates has not been good news for everyone. It is true that banks can now be more flexible when granting loans and that many clients' mortgages will no longer become more expensive. However, this stoppage has hit the profitability that deposits offered to date.
Those who trust in fixed terms to make their savings profitable now see that the interest applied to deposits began to fall, although gradually, at the end of the year and "in 2024 it seems that the trend will continue the same, even more so after the cessation of the increase in rates by the ECB and their foreseeable lowering," they warn from the financial comparator HelpMyCash.com.
However, the current market still offers several deposits with which very attractive returns can be obtained. Specifically, the four fixed terms selected by HelpMyCash are among the best deposits at the moment, since their profitability, right now, exceeds 3.50% APR in all cases.
Currently, it is very difficult to find a profitability that reaches 4% APR, but Myinvestor's 3-month deposit achieves it. In addition, it has no commissions of any kind, it is protected by the Spanish FGD and a capital of between 10,000 and 100,000 euros can be invested 100% online. Of course, what it requires is that the client hire an automated portfolio (that is, their robo-advisor), with a minimum investment of 150 euros.
Another great alternative that offers a more than attractive remuneration is the 3-month Deposit from Facto.
Specifically, the profitability is 3.80% APR and can be contracted from 5,000 euros. In turn, it is protected by the Italian FGD and the Facto Account that must be opened to deposit the interest, which is paid quarterly, also has no commissions.
If you prefer longer terms, to also obtain profits for a longer period of time, one of the best is the 1-year Deposit from Novum Bank, which offers a remuneration of 3.60% APR and other advantages that must be considered, such as contracting 100 % online, without having to open an additional account and without commissions and with the protection of the FGD of Malta.
Finally, Banca Progetto's 1-year deposit stands out. Specifically, in addition to offering this 12-month term, it draws attention for its remuneration, also 3.60% APR, for amounts that can range from 10,000 euros. In turn, it can be contracted through the Raisin platform, which speeds up and simplifies the entire process and management, and is protected by the FGD of Italy.
Aside from deposits, in recent times paid accounts have gained popularity as a way to make savings profitable, leading to the fact that there is currently a very varied and interesting offer of this type of product, which, although they do not usually reach such returns. high, are accompanied by other benefits and advantages, in addition to total availability of money whenever you want.
For example, the Trade Republic Savings Account offers a deposit-specific remuneration (4% APR). But, in addition, it has no commissions of any kind and offers a 1% cashback on your debit card. And, as said: the client can withdraw the money whenever he wants.
Another remunerated account with a profitability similar to that of the best deposits of the moment is the Revolut Flexible Account, which remunerates at 3.97% APR according to the contracted plan.
In turn, one of its strengths, apart from the availability of money, is that the minimum capital to invest is only 1 euro. Without forgetting that the client can benefit from future rate increases.
Finally, mention the EVO Welcome Smart Account, with which you can get up to 843 euros in one year thanks to the 2.85% APR profitability that it offers for capitals of up to 30,000 euros. If the rest of the advantages are added to this remuneration: elimination of commissions, free cards, cashback on purchases, free withdrawals abroad or the possibility of opening a deposit at the same interest, you obtain an ideal product both for saving and for using In day to day.
