In the war for mortgages to war for the funds.
It seems that the dairy cow of mortgages is running out and once that is mortgaged half spain, is by attracting the other half spain thrifty.
We have been commenting on this page, how the escalation Euribor was going to change the financial products that banks offer us, and we do a summary of the situation and see the funds available for those who are fortunate enough not to be indebted up to the eyebrows and will not be forced to seek personal loans to pay the mortgage ...
The precursor to market in a short-term deposit in Spain was ING Direct, which put the first pick in Flanders in April 2000 with a three-month offered a return of 5.5% APR. At present, ING offers a deposit of one month from 7% APR, without any penalty for withdrawal at the end of which you can deposit the money into an account with Orange interests of 2.45% APR. The long-term deposits of the Dutch entity of 12 or 24 months, offering a return of 3.25%, but if they have a penalty of 1.25% APR in case of cancellation.
The savings have been the last to join the "hunt" of the deposit. Caja Madrid launched a few days ago the Deposit 12, with a return of 12% in the first month and 2.40% for the remainder of the term, which is a yield of 3.26% APR at the end of the year that lasts. The minimum contribution is 3,000 euros and the deposit may only be hired until September 10.
La Caixa has also made its presence felt with a unique and novel strategy related to the contributions of the Ibex-35.Ofrece customers the opportunity to benefit from the upgrades to get the bag without risking the capital invested. With a minimum of 500 euros, the profitability of the first month high as 8% nominal annual, and for the rest of life (1 year and 14 days), includes the amount of monthly income of Ibex, with a limit of 1, 5%. If the stock market climbing more than 1.5% per month throughout the period, we can achieve a maximum return of 18.04% APR. That if, interest payments and capital are paid at maturity.
Citibank, meanwhile, offers a 10% in the first month since the beginning of the second amount is transferred to a debit account with a 2.50% APR, which can be extracted to generate interest. Banesto has a deposit of one month with a 7% APR and another to 12 months with a 4% APR, both with the payment due date and one year with a penalty of 2% if it is repaid before its conclusion.
Uno-e, a division of the BBVA and Telefonica offers fixed rate deposits and variable. The more "revolutionary", a type known as Double-e, is a 6-month deposit that offers a nominal 5% during the first two and the rest of the period linked to the Euribor.
In Openbank of Santander, have the Deposit Welcome to new customers, and has risen from 7% to 8% APR the first month. There is the possibility of "chaining" this month with a deposit for one year, to 3.25% APR, which represents a return of 3.61% APR.
More information e: http://www.elmundo.es/suplementos/nuevaeconomia/2006/334/1153605605.html
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Loading ... Written by Carlos Lopez on July 25, 2006 with 1 comment.
