The war for liabilities is being waged between small banks and digital banking. If yesterday it was MyInvestor that released two deposits, today it is the turn of Banco Mediolanum. The entity has just brought to light its Deposit 4.0 New Customers with a minimum investment of 2,000 euros and a maximum of 30,000 euros and a return of up to 4% APR (3.96% annual TIN) for 6 months and interest settlement at maturity .
The fixed-term tax is aimed only at new clients who have been with the entity since March 1, 2023. At the time of expiration, it requires that at least one of the deposit holders must have managed assets, as a first r owner, equal to or greater than 3,000 euros in the entity. Or, that one of them has the salary or pension (minimum of 700 euros) domiciled in Banco Mediolanum at the end of the month prior to the expiration of the deposit.
The deposit does not admit additional contributions or partial cancellations. In case of cancellation of the deposit 6 months before the stipulated maturity, the interest rate of the deposit will be fixed, from its beginning, at 0.00% TIN (0% TAE). As for the guarantee fund, Banco Mediolanum is a member of the Deposit Guarantee Fund for Credit Institutions that offers up to 100,000 euros per holder with respect to the cash deposited in the entity or in the case of deposits denominated in another currency, its equivalent applying the rates exchange correspondents. The offer will be valid until July 31, 2023.
It is not the first deposit that already rents 4%. A few days ago, BIG, of Portuguese origin, also raised the remuneration of its fixed-term tax to 4%. Regarding the link, Openbank released the marketing of a linked deposit, that is, a direct debit of income for 600 euros and a return of 2.75% over one year.