Since the European Central Bank (ECB) began to raise interest rates, saving has a reward. Many banks have improved the profitability of their remunerated accounts, a product that can be easily contracted from the web and that generally offers returns of between 2% and 3%, although the best offer is unmarked and reaches up to 4% APR.
According to the experts of the financial comparator HelpMyCash.com, paid accounts are bank accounts that generate interest on the funds deposited in them. Unlike fixed-term deposits, the money is not committed and can be withdrawn at any time. Therefore, they are a solid alternative to grow savings, even if you expect to need them in the short term.
Another important attraction is that many of these accounts do not impose fees or require additional requirements to pay interest. And what are the most notable commission-free paid accounts at the moment?
The N26 Savings Account offers a return of 2.26% APR and one of its main attractions is that it has no maximum remunerable amount. In addition, it does not apply commissions or require conditions, other than opening the account and transferring the savings there.
To access this remuneration, the first step is to open a checking account (the N26 Standard Account is free). Once this is done, the Savings Account can be easily requested and activated through the N26 mobile application.
For HelpMyCash specialists, this is one of the best paid accounts at the moment. “This is one of the most profitable non-payroll accounts. In addition, it has no commissions and you can hire it online, without setting foot in an office,” they point out.
Banco Sabadell offers its online account for new customers at 6% TIN during the first three months and then 2% TIN, which leaves a total return of 3% APR the first year and for a maximum balance to be paid of up to 20,000 euros. The most interesting thing is that, to obtain these returns, you only have to open the account. Sabadell does not require requirements or charge commissions.
And that's not all. It also offers an additional opportunity to earn a little more money, since it returns 3% of electricity and gas bills. With the bank, you also have access to a debit card and a credit card completely free of charge.
Why is it one of the best paid accounts of the moment? “Because it has no commissions and does not require any connection, except to be new customers,” they explain from HelpMyCash.
The Evo Welcome Smart Account is another of the most outstanding options of the moment. It offers an interest rate of 2.85% APR, for a balance of up to 30,000 euros. In addition, it does not require additional requirements, other than opening the account, and it does not charge commissions.
For the experts at HelpMyCash, it is one of the most outstanding at the moment because it allows you to make up to 30,000 euros profitable with a higher than average interest and has no commissions.
Finally, the Trade Republic Savings Account has entered this ranking strongly, offering the highest profitability of the moment: 4% APR. The client can see their savings grow from one euro to 50,000 euros and does not require payroll direct debit. It also does not charge commissions and, in addition, when paying with the card you receive 1% of the amount that is reinvested in a pension plan.
“Leaving savings in banks that do not remunerate is an unintelligent decision from a financial point of view,” HelpMyCash emphasizes. “With inflation still high, the least we can do is reduce the loss of purchasing power, making savings profitable.”
Paying accounts are an interesting way to do this. In addition, their risk is very low and they are protected by the Deposit Guarantee Fund, which “protects up to 100,000 euros per bank and holder in the event of, for example, a bank bankruptcy,” HelpMyCash explains.
