In the world of personal finances, choosing where to keep your savings is an important decision, which is why the experts at the financial comparator HelpMyCash emphasize the importance of not getting carried away only by the marketing offer.
And the fact is that paid accounts such as Ibercaja or Bankinter, which offer returns of 5% the first year, only apply to the first 10,000 euros. This means that, if, for example, you have 15,000 euros in any of these accounts, 5,000 euros will not generate interest. But not only that, they require compliance with conditions that can range from direct debiting a payroll, making six or more transactions with the card, to receiving direct debit charges from the account, among others.
To get an interest that exceeds 4% you have to leave Spain, but you can access European fixed terms that are guaranteed by the Deposit Guarantee Fund, which covers up to 100,000 euros per entity and client.
There are other remunerated accounts with interest rates that range between 1.76% and 2.85% and require fewer conditions than the two mentioned above.
