La banca sube la rentabilidad de depósitos y cuentas

The European Central Bank (BCE) increased the interest rate by 25 basis points to 2.5%, triggering a wave of improvements in the profitability of risk-free deposit products. Major banks such as ING, MyInvestor, Deutsche Bank, Trade Republic, and Renault Bank followed suit with significant increases in their deposit and account yields.

ING, MyInvestor, and Deutsche Bank raised the profitability of their deposits, while Trade Republic and Renault Bank significantly improved the conditions of their remunerated accounts. MyInvestor raised the profitability of its deposits to 2.50% TAE (annual equivalent rate) for terms of 1, 3, 6, and 12 months for clients who maintain or open a portfolio of at least 150 euros.

For clients without or without a portfolio, the rate will be 2.25% TAE, up from 2%. The minimum deposit amount is 10,000 euros, with a maximum of 100,000 per deposit. Premium plan subscribers also benefit from an improved Premium Deposit (3 months), increasing from 3% to 3.25%, with an investment range of 1,000 to 25,000 euros.

Deutsche Bank raised the profitability of its Confidence Deposit from 3.25% to 3.50% TAE. This product is aimed at new income from other entities, with amounts ranging from 25,000 to 150,000 euros. The new proposal starts with a guaranteed 2.50% TAE rate, to which clients can add up to one percentage point through various bonuses.

ING responded to the BCE interest rate hike in two ways: launching two new 6-month deposits offering returns between 2% and 2.15% for amounts over 50,000 euros, and improving the profitability of its 12 and 24-month deposits. The 2-year deposit pays between 2% and 2.60%, while the 2-year deposit ranges from 2.25% to 2.60%. These deposits are available to both existing and new clients who open the standalone account (NoCuenta), or the Orange account. Savers now have more choices, as banks typically do when the BCE moves the needle.