In the war of mortgages to war for deposits.

Uno-e has launched its deposit at 8%, but like all similar deposits, we must remember that this profitability, we will only give the first month of profitability and a 1-month Euribor in the five following, which allows customers to benefit from the rise in rates and it turns out according to the bank, one of the options for saving "more competitive" in the financial market. In August the Euribor, the APR 8% of the deposit within six months stands at 4%.

The reservoir, launched a year ago, combines a guaranteed return for a period of 6 months with an offer banking services such as debit cards, direct debit or remittance transfers to the EU, free to the customer.

Specifically, the deposit 8-One and is contracted with an account to pay 2.50% APR, which is exempt from commissions and also allows you to send transfers to the EU, benefit from a debit card and debit payments at no cost for the customer.

This enabled warehousing has managed to increase the resources of Uno-e to 30% and further progress in its strategy of customer loyalty.

"We were the first to bet on deposits of high remuneration term exceeding one month Euribor. The market has valued very positively this product, which allows customers to benefit from rising interest rates for several months followed, "said Cristina de Paria, CEO of Uno-e.

For pariah, the 'Deposit One 8-e' has emerged as a "fundamental" to attract new customers and related to one-and as evidenced in the increased recruitment of the number of products per customer and the high volume retention of balances obtained

Written by Carlos Lopez on August 22, 2006 with 2 comments
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