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Don’t know where to deposit your payroll? The most profitable paid accounts

Date: July 15, 2024 Time: 18:36:03

The end of the month arrives, when workers begin to receive their monthly paychecks. Many of them choose to save that money to be able to spend it in the future, however, given the advance of inflation, it is positive to obtain a return on those savings. One of the options to do this is to open a paid account in a financial institution in which to direct your payroll and generate a profit at the same time.

Currently, paid accounts have been highlighted as an attractive option for those who want to optimize the performance of their savings without assuming great risks. A paid account is, in essence, an account in which capital is deposited (such as a payroll) that generates competitive interest over time. Unlike conventional checking accounts, which often do not earn significant interest, interest-bearing accounts allow account holders to earn money while keeping their funds accessible for daily use.

Different alternatives

The Kelisto comparator highlights the best remunerated accounts at the end of March 2024. Ibercaja’s Vamos Account, with the highest remuneration on the market, includes a Nominal Interest Rate (TIN) of 5% in the first year and 3% in The second, but also establishes a remuneration limit of 10,000 euros. It has no commissions, but it does require a certain connection with the entity, such as making purchases with the entity’s card.

Another option could be the Bankinter Payroll Account, which offers an attractive interest of 4.94% TIN the first year and 1.99% TIN the second for balances of up to 10,000 euros. However, as in the previous case, to access these conditions certain requirements are required such as paying several bills and making card payments. On the other hand, the Unicaja Playstation Account offers a 4.91% TIN for two years, although limited to a maximum balance of 2,000 euros, in exchange for direct debit of the payroll.

Meanwhile, Trade Republic’s Trade Republic Account provides a 4% TIN indefinitely, without the need to meet any requirements, although with a limit to the maximum paid balance of 50,000 euros. In addition, the Bank Norwegian Savings Account stands out for its interest of 3.7% TIN indefinitely, it also has no conditions, and with a limit to the maximum paid balance of 1,000,000 euros. These last two options are presented as an attractive alternative for those looking for a paid account without additional conditions.

Be careful with the conditions

The factors to take into account when signing a paid mortgage are different. The first of them is profitability, the TIN provides a clear indication of what benefit will be obtained from the savings, it is also interesting to stop at the duration of the offer and the periods within it, in which which can change your profitability. Additionally, it is crucial to check for commissions, as these can significantly reduce your profits. Lastly, the entity may require the contracting of other financial products, which may influence its final decision. Therefore, considering these aspects will help you make an informed decision about where to deposit funds to get the maximum return.

* This website provides news content gathered from various internet sources. It is crucial to understand that we are not responsible for the accuracy, completeness, or reliability of the information presented Read More

Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.
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