Selfbank is positioned as the bank that offers the best deposits to its customers, approaching 3.1% APR. Specifically, the profitability of this new fixed-term deposit stands at 3.05% at three months, which makes it the best short-term product at the moment, according to Europa Press after a statement from the bank.
However, the bank also pointed out that in order to preserve this profitability, “new” money must be deposited, that is, if the client has a Self Bank account with money, it will not be possible to use it for the deposit but will have to than be savings from other entities.
At the same time, another of the requirements that the entity sets is that it establishes a minimum amount and a maximum amount for its clients with “new” money. For the minimum price, it will be necessary to have at least 1,000 euros, while for the maximum possible amount it is 1,000,000 euros.
Available within a week
The deposit can be contracted from July 10 to August 31, 2023, paying interest upon maturity of the deposit. The product does not carry any commission, is not renewable and is subject to cancellation by the client at any time, in which case the right to receive interest is lost.
This product complements the bank’s current savings offer in the deposit segment. In fact, Self Bank also has a one-year deposit at 2% APR, with a minimum import of 50,000 euros and a maximum of 500,000 euros; and another for two years at 2.75% APR, with a minimum amount of 15,000 euros and a maximum of 500,000 euros.
Likewise, Self Bank offered since June 1 the remuneration of its savings account at 2% APR for those customers with a link that had at least a minimum of 20,000 euros distributed in investment funds or in Exchange Traded Funds, better known as ETFs.
