Banking increases the attractiveness of 3- and 6-month deposits
To adapt to the new monetary scenario. Read
Spanish and European banks are adjusting their strategies for fixed-term deposits in response to changes in the monetary scenario. They are reducing interest rates for one-year deposits, which had reached 3.5% in September, and increasing rates for six-month deposits. The European Central Bank (BCE), led by Christine Lagarde, recently kept interest rates at 2.5% but hinted at a possible increase in December.
Banks such as Sme Bank, BluOr Bank, Banco Finantia, and Banco BiG are offering competitive rates, with some deposits reaching up to 4% for short-term periods. Spanish banks like EBN Banco, Cetelem, and MyInvestor are also improving their offers, with rates ranging from 2.9% to 3.2% for six-month deposits.
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.
