EBN Banco has made a move in the deposit market. The entity has increased the profitability of all its fixed-term deposits without and with plus, and, for the first time, exceeds 3% APR in the longest-term tranches. 3.5% .
In this way, the annual interest rates of the 4-month deposit go to 1.80%; at 6 months they rise to 1.95%; at 9 months they reach 2.35% and at 12 months at 2.55%, always APR. The longest terms go up to 18 months at 2.90%; 24 months at 3% and 36 months at 3.15%. “In May 2018, EBN Banco anticipated the rest of the banks with Sinycon deposits, offering one of the highest fixed-term returns on the market. Since then, it has been very attentive to ECB rate hikes, reacting with immediate increases in their deposits”, explains Manuel Puente Gascón, Director of Strategy at EBN Banco.
These products can be contracted from 10,000 euros and up to a maximum of 400.00 euros. In addition, EBN Banco is a member of the Spanish Deposit Guarantee Fund for Credit Institutions and its clients have the support of a bank with more than thirty years of experience in the financial markets. In this case, 100,000 euros per owner and account is guaranteed.
To contract it, it is not necessary to sign any type of relationship with the entity, such as direct debit of the payroll or permanence.