Cuánto gana quien tiene 50.000 euros en Letras

In Spain, investors looking for safe, low-risk options for their savings are increasingly interested in a particular type of financial product: 12-month Treasury bonds, or Letras del Tesoro. These conservative investment instruments offer a competitive return, making them an attractive choice for the risk-averse investor.

The popularity of these bonds has risen alongside the growing trend of rising interest rates. Financial institutions have responded by reintroducing term deposits and interest-earning current accounts, as well as other conservative options such as short-term funds and fixed-income funds with a short duration.

Among the most sought-after bonds for conservative investors are the 12-month Treasury bonds, which, in the November auction, delivered a marginal yield of 3.068%, the highest since July 2024. These bonds are issued in nominal values of 1,000 euros, requiring investors to submit multiples of that amount. For instance, to invest 50,000 euros, a depositor would need to deposit 48,466 euros, which will be returned upon maturity, along with the principal amount of 50,000 euros.

The advantage of these Treasury bonds lies in their tax efficiency. They do not incur early withdrawal penalties, which allows investors to keep all their returns intact until the next tax year. In their next declaration, these earnings will be taxed at a flat rate of 19% on the savings portion, up to the first 6,000 euros. If the gains do not surpass this amount, the investor will only owe 291.46 euros in taxes.

To purchase these bonds, investors must have an active account at the Banco de España. This account does not charge any opening or maintenance fees, but does require a transfer fee of 1.5 per thousand, with a minimum of 0.9 euros and a maximum of 200 euros. For an investment of 50,000 euros, the transfer fee would be 75 euros.

Acquiring these bonds can be done online through the Tesoro's electronic platform, requiring a digital certificate or a DNI electronic, and the payment is made via bank transfer. Alternatively, an investor can obtain these bonds in person at the Banco de España, provided they have an active account in good standing. The next auction for these bonds is scheduled for December 1, with a submission deadline of November 9 for online registrations and the following Friday for in-person submissions at the Banco de España.