Why is it the best time to take out a fixed-term deposit?

The recent rate cuts of interest on the part of the European Central Bank (BCE) he pressured downward the profitability of the Letters Treasury, funds monetary and deposits, although unevenly.

“The debt short-term State pay a year ago was almost 3.9%, now its remuneration is at 2.5%. For its part, the average profitability of the monetary At the end of September it stood at 2,53%, also far from the current ECB rates“, point out the HelpMyCash financial comparator experts.

Instead, the best deposits they still offer a return of 3.40% over twelve months. “He moment current is ideal for hiring a deposit If you are a saver, what do you want? get the most out of your moneybut without taking great risks,” these experts explain.

To start “because offer profitability still very attractive. Secondly, because it allows us ensure these interests throughout the term of the depositto 6, 12 or 18 months, for example”, they continue from HelpMyCash. And thirdly because there is a great varietyso they adapt to the needs of the saver by having very short-term deposits, such as 3 months, to longer term deposits such as 2,3 and even 5 years.

To make the choice easier, HelpMyCash has compiled the most profitable deposits of the moment.

The most profitable deposits of October

Los European banks currently offer the highest returns. They can be hire through Raisina platform that gives access to these offers, manner onlinesimple and without leaving the sofa.

Furthermore, there are deadlines completely safe since they are protected by the Deposit Guarantee Fund of each country, which insures up to 100,000 euros per holder and bank.

For example, the One-year deposit from Banca Progettowhich offers a profitability of 3,40%is available from 10,000 euros to 100,000 euros and is protected by the Italian Deposit Guarantee Fund.

The second one below is the fixed term of SME Bankof Lithuanian origin, also for twelve months and with a profitability of 3.30% and which has the same conditions.

Another option is the Deposit 3.0. 12 months of Banco Mediolanuma fixed term with a profitability of 3%, with monthly interest settlement and that can be contracted for amounts between 10,000 and 100,000 euros.

The alternative to paid accounts

If you search profitabilitybut with the money always available the alternative is the paid accountswith which you can also obtain a benefit above that offered by Treasury Bills and without having to pay commissions or meet linkage conditions.

Thus, the HelpMyCash experts stand out as one of the most attractive Trade Republic Savings Accountwith a profitability of 3,56% TAE (TIN of 3.50%) and for balances of up to 50,000 euros, which ensures gross profits of 1,750 euros in one year.

Equal interest offers the Revolut Remunerated Accountalso with 3.56%, with daily interest settlementthe only one of its kind. The maximum amount goes up to 100,000 euros and the minimum from just 1 euro.

Another option is the EVO Smart Welcome Account with a remuneration of 3.05% APR for a maximum amount of 30,000 euros which ensures profits of up to 903 gross euros. In addition, you can contract a 4-month deposit with the same yield.

Finally, the Sabadell Online Account. It’s an account remunerated with 2.5% APR the first year for amounts of up to 50,000 euros, which ensures gross profits of 1,250 euros. In addition, it returns 3% of electricity and gas bills.

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