Neobrokers are putting pressure on banks' remunerated accounts
Máxima competencia antes de la reunión del BCE. Leer
Spanish banks and neobrokers are competing intensely over interest rates for accounts with no conditions, ahead of the European Central Bank (BCE) meeting on September 10. Neobroker Scalable Capital, of German origin, has increased its account interest rate to 2.63% TAE, surpassing Bankinter and MyInvestor, which offer 2.5%. This move is part of a larger battle among neobrokers, Spanish neobanks, and traditional banks, including Trade Republic, Openbank, and others.
Openbank, Santander's digital bank, previously raised its interest rate to 2.75% TAE and offers a bonus of up to 200 euros for new clients. The euribor index has also risen to 3.10%, giving entities room to increase rates.
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.
