Las mejores ofertas para el ahorro conservador

The conservative savings market is enjoying a period of rapid growth, driven by a sharp shift in monetary policy in the eurozone following the conflict in the Middle East and the rise in inflation. Deposit rates and star accounts are now exceeding 3% annual equivalent interest rate (AER), providing attractive opportunities for depositors.

The most significant increases have been seen in deposits with no term limit, which have seen substantial growth in profitability. In a one-year term star deposit, a return of 3.3% can be secured, the highest possible rate at present in Spain's savings market. For households, the challenge is to mitigate the impact of inflation, which reached 3.6% in July due to rising energy costs.

As price developments continue to unfold in the coming months, the profitability of all savings products continues to rise.

Alongside deposits, the return on nearly a dozen remunerated accounts has reached 2.5%, with some surpassing 3%. The return on Spanish Treasury bonds, a favorite among Spanish families, sits between 2.38% and 2.66%. Another attractive option is short-term investment funds, which can generate gains of up to 2.5%. Savers are eagerly awaiting the expected interest rate hike in September, with opportunities for attractive returns stretching out for longer periods.

The one-year term deposit, with a return of 3.37% AER at Blu-OrBank (Latvia) and 3.3% at SmeBank (Lithuania), are two highly competitive offers. These two institutions offer very competitive rates for those who believe that savings returns have reached their peak, but those seeking guaranteed good returns for a few months can choose from a wide range of shorter-term options.

In the three-month period, the Portuguese bank BiG offers 3.25% for new customers, while BluOr offers 3.05% AER in the six-month period. In the two-year period, several entities have surpassed the 3% threshold, but none reach the highest returns of the 12-month term. All European institutions guarantee deposits up to 100,000 euros through their respective countries' deposit guarantee funds.

Those who prefer the security of the Spanish deposit guarantee fund must settle for slightly lower returns, but they remain competitive. The best payer for both 6 and 12-month periods is Miraltabank, offering 2.67% and 2.75% AER, respectively. The most comprehensive offer belongs to EBN Banco, one of the most active entities in price competition in Spain over the past years, paying between 2.20% and 2.35% AER in the 3-month and 1-year brackets.

Banca March, MyInvestor, Self Bank, or Wizink complete the group of Spanish passport banks offering returns above the average of savings deposits.