The return of summer is the time to pause and take those days as a second start of the year. In households, it is up to date on family finance and this is a good occasion to start profitable the money that has saved a time without generating any kind of profit. The situation of economic uncertainty encourages many households to contract deposits, as they are guaranteed products with a fixed profitability. Experts from the financial product comparator HelpmyCash.com explain how fixed-term deposits work and what are the best deposits of the month to take an eye.
The main point of bank deposits is that the risk of loss is minimal if less than 100,000 euros are invested. The client can allocate the amount of money to consider and recover that same amount more the interest generated, since it is a product guaranteed by the Bank. In addition to that, money is also protected, in a hypothetical case of bankruptcy of the entity, by a deposit guarantee (FGD) fund, which covers up to 100,000 euros per client and bank.
This is unite that deposits are a very simple product to understand. To hire a deposit, two factors must be taken into account: the marked period of time, since much of them can not withdraw the money ahead of time, and the remuneration that is going to be received. For the rest, hiring them from a bank or from an intermediary, as can be the Raisin platform, it is a simple process.
The most interesting deposits currently two years old are the 0.91% TAE progeto banking tank and the J & T Bankan deposit at 0.90% TAE.
If you want to shorten the deadline, a year and a half is the deposit at 18 months of J & T Bank to 0.70% TAE or one year highlights the Haitong deposit at 0.52% TAE. All these with a minimum investment of 10,000 euros to open them.
Any of these deposits can be easily hired. In summary, to access with RAISIN this market of European bank deposits we must open an account on the platform, simply through application or web. Then, you will have to fill in the required data and verify the identity with a video call (it is necessary to have the DNI nearby).
Finally, when the Raisin account is ready, it is a matter of hiring the deposit you want and transfer the money to Raisin. Everything else will be done automatically. After this you can start to make the money profitable.Updated Date: 20 September 2021, 22:05