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ING stirs up the war for liabilities with a 3-month deposit with 2.5% interest

Date: March 1, 2024 Time: 23:27:40

ESP has just launched a new foray into a war for liabilities that refuses to spread among the big banks. The orange bank has just presented a 3-month 2.5% APR deposit for both its customers and new customers who make new deposits from today, June 14, and until July 3.

The new deposit offers profitability from the first cent, with no minimum amount, and up to a maximum of 100,000 euros. In addition, like the rest of the entity’s savings products, with the money always available and without commissions. Fixed-term taxation is also available for new clients of the entity who contract the PAYROLL Account, without commissions if the payroll or recurring income of at least 700 euros per month is domiciled; or the Cuenta NoCuenta, 100% digital and free of conditions.

With this launch, so far this year, ING has noticed the remuneration of the Orange Account on three occasions to offer savings alternatives. Currently, the Cuenta Naranja offers interest of 1.25% APR for Payroll Account customers and 0.85% APR for those who still do not have one. All without minimum, with profitability from the first cent and money always available.

trickle of offers

For its part, Pibank this week broke the barrier of 3% profitability with a one-year deposit at 3.34% at twelve months. As reported by the bank, the offer is conditioned to a limited time. Unlike other deposits, Pibank does not condition its product to a minimum or maximum import. In addition, it is protected by the Deposit Guarantee Fund.

The certain thing is that, in spite of these movements, the war by the liabilities continues being in the remuneration of the accounts and not so much in the deposits, although it could be opened as of June 28, when the banking returned almost 400,000 million of liquidity injections from the European Central Bank (ECB).

* 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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