Urgent.News

What's breaking now, across thousands of outlets.

Finance & Markets

Annuities gain appeal with higher returns

Las entidades renuevan la rentabilidad de sus productos tras la subida de los tipos de interés. Ofrecen rendimientos de hasta el 4%, que se mantienen durante toda la vida del asegurado. Leer

Translated from Spanish Read in Spanish

Annuities gain appeal with higher returns

Several Spanish financial institutions, including Santander, BBVA, Ibercaja, Mutua Madrileña, and Santalucía, have updated the returns on their life income products following the European Central Bank's interest rate hike. These products now offer returns of up to 4%, maintained throughout the policyholder's lifetime. BBVA offers up to 4.1% annually, while Santander's Seguro RAV 101 Patrimonios provides a 3.37% net return for a 60-year-old client.

Other providers, such as Mapfre, CaixaBank, and VidaCaixa, also offer competitive rates, with returns ranging from 3.6% to 4%.

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.

Read the original at expansion.com →

More in Finance & Markets

More from Monday 12 October →