Santander, CaixaBank and BBVA compete for the liquidity of great fortunes
Large banks rule out paying for savings in a widespread manner, but reserve improvements in the profitability of their deposit offer for selected clients with high assets.
Major Spanish banks, including Santander, CaixaBank, and BBVA, are selectively offering higher interest rates on deposits to high-net-worth clients, rather than across the board. This approach allows them to adjust their pricing based on market conditions and client profiles. For example, Santander has offered up to 2.25% interest on deposits for selected clients, while BBVA has also provided exclusive deposit offers with interest rates of up to 2.25% for 12-month terms.
The banks are prioritizing personalized offers for private banking clients, who are also being offered a range of premium non-financial services.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
