Así son los depósitos más atractivos del mercado

The commercial showcase of term deposits without conditions has never been more vibrant and robust. The most recent European Central Bank (ECB) meeting has sparked a surge of new product launches and significantly improved profitability for existing market players. This development impacts both Spanish medium-sized banks (major ones remain absent for now) and European counterparts, who are increasingly betting on a scenario of higher interest rates in the Eurozone.

Several continental entities have boosted the profitability of their deposits to the highest level in recent years. Improvements span all timeframes, but are most pronounced in the longest terms. For savers who prioritize placing their savings in entities under the Spanish deposit guarantee fund, opportunities have multiplied in recent days.

EBN Banco, the leading Spanish payer in recent years, has raised the performance of its deposits across all terms. Now it pays 3.10% AER (annual equivalent rate) for 12 months, the best paid deposit in this star term. Over the past year, competition has intensified. Pibank, Ecuador's online bank Pichincha adhered to the Spanish deposit guarantee fund, has increased its profitability from 2.52% to 3% for both new and existing clients, with no maximum or minimum purchase amounts.

MyInvestor, another Spanish neobank, has also breached the 3% mark at 12 months, now offering 3% on its 12-month deposit. The new deposit's premium yield reaches 3.5% when customers pay a monthly fee of 7.99 euros. Other highly paid Spanish deposit holders include Cetelem, part of the French giant BNP Paribas, which has the best three and six-month products, paying 3% for 24 months.

Self Bank recently introduced a 2.75% AER four-year deposit, which coexists with its 12-month welcome offer at the same rate, while Miraltabank stands out among the longest terms with 2.81% for two years and 2.91% for three. European banks seeking even more attractive returns must turn to the Spain-based savings platform Raisin, where online and fee-free banking is the norm.

At the star 12-month term, SME Bank offers 3.5% AER, the highest in terms of three to seven years, alongside BiG's welcome deposit at 3.5% for three months. To find the highest rates on the market, one must venture to seven-year terms, where Belgium's Bank b offers 3.75% AER. All these improvements enhance options for those seeking significant returns over various timeframes, allowing for various strategies based on deposit terms.

In all these European entities, deposits are guaranteed up to 100,000 euros by the respective countries' deposit guarantee funds.