elmundo.es
International Deposit Rates Offer High Returns Despite ECB Cuts
Amidst recent European Central Bank interest rate cuts, international deposit options provide significantly higher returns, with some offering up to 5% TAE, although specific conditions and minimum balances vary.
- What are the highest-yielding deposit options currently available, and what are their key features?
- Currently, Banca Progetto's 2-year deposit offers a 2.80% TAE, requiring a €10,000 minimum and secured through Raisin and the Italian Deposit Guarantee Fund. Banco Mediolanum offers competitive options: a 6-month Mix deposit at 2.99% TAE and a 12-month Mix Plus deposit at 5% TAE, but with stricter conditions.
- What are some alternative high-yield deposit options with varying terms and minimum deposit requirements?
- SME Bank's 1-year deposit provides a 2.69% TAE with a €10,000 minimum, protected by the Lithuanian FGD. Mano Bankas offers a similar 1-year deposit at 2.53% TAE, requiring €20,000. Blue Orange provides a 1-year deposit at 2.67% TAE accessible from €1, secured by the Latvian FGD via Raisin. Klarna offers a 2-year deposit at 2.58% TAE with a €1 minimum, protected by the Swedish FGD.
- Beyond fixed-term deposits, what alternative options offer competitive returns and flexibility for savers?
- Reward accounts offer flexibility. Raisin's Welcome Account provides a 3.33% TAE for the first three months (€1-€60,000), transitioning afterward. Bankinter's Digital Reward Account offers up to 2.50% TAE depending on balance (2% for under €25,000, 2.25% for €25,000-€49,999, and 2.50% for €50,000+), with no minimum and additional benefits like a debit card and fee-free transfers.
Cognitive Concepts
Framing Bias
The article presents a balanced view of different deposit options, highlighting both the benefits and drawbacks of each. While it emphasizes the high interest rates offered by some international banks, it also acknowledges the limitations and conditions attached to these offers. The introduction mentions the decline in deposit interest rates due to the BCE's actions, setting a neutral context.
Language Bias
The language used is largely neutral and objective. The article uses precise figures and avoids emotionally charged language. Terms like "attractive," "reliable," and "strict" are used descriptively rather than persuasively.
Bias by Omission
The article focuses primarily on European banks. Omission of deposit options from other regions might limit the scope of the analysis, but it's not necessarily biased as the focus seems intentional rather than an attempt to mislead.
Sustainable Development Goals
The article highlights various high-yield deposit and remunerated account options available internationally, potentially benefiting individuals with lower incomes who might otherwise have limited access to high-return savings instruments. Increased access to higher returns on savings can contribute to wealth accumulation and reduce economic disparities. However, the high minimum deposit amounts for some products might exclude lower-income individuals.