The impact of the last interest rate cut of the Central bank Euorpeo (ECB) has been noticed in the first auction of treasure letters to six and twelve months, whose profitability has collapsed below the barrier of 2%, reaching the lowest rate from autumn of 2022 and following the wake of the last auction of April, of titles to three and nine months. This adjustment, despite the fact that it has also been registered in the average type of fixed -term deposits, has made great attraction of the letters of the Treasury to the best bank deals, which, in some cases they pay around 3%.
It is true that to get the higher interest without links We must go to the European market, although many entities have a branch in Spain, which facilitates the declaration of the benefit achieved. In these cases it is the entity that applies the retention directly and the client avoids having to introduce it in the income statement manually.
Specifically, at the auction last Tuesday, the first of the month of May, the Treasury awarded an interest of 1,954% to the letters to six months and 1,900% to the debt at twelve months, with a placement close to 5,770 million euros, compared to a demand above 10,335 million.
How much money can you earn with the Treasury lyrics?
Therefore, with an investment of 10,000 euros in six months titles, the gross benefit, if titles had been bought in this auction, would be somewhat less than 100 euroswhile with the same amount within the term to one year, the gross income would be some 190 euros.
Deposits at 6 months that pay more interest
Meanwhile, the Portuguese Banco Big, which has a branch in Spain, offers a 3% Tae to six months. Therefore, with an income of 10,000 euros, the expiration would be obtained about 150 euros gross, compared to the less than 100 guaranteed by the public debt to the same period.
However, it should be taken into account that banking entities usually establish limits to the amounts to be invest in their Fixed Term Deposits. In this case, Banco Big requires a minimum disbursement of 10,000 euros and maximum of 75,000 euros. The Treasury Lyrics, meanwhile, are issued to the discount, with a nominal value of 1,000 euros, so the minimum amount to be disbursed is this and, in case it is greater, it must be a multiple of said amount.
Through the Raisin platform, other offers are offered higher to these deadlines. Banca Progetto, from Italy, pays 2.61% APR at six months, provided that at least 10,000 euros are deposited and at most 90,000. With the investment of 10,000 euros, the gross profit It would be about 130 euros.
On the other hand, also from Portugal and with a Spanish branch, Haitong offers 2.52% APR to six months. In this case, the minimum amount to be invest is 10,000 euros and the maximum 100,000. Depositing the minimum the benefit It would be something below 130 euros gross.
12 -month deposits that pay more interests
Within the twelve months Bank and Sme Bank, both from Lithuania, offer 2.70% for investments from 20,000 euros and 10,000 euros, respectively, and up to a maximum of 100,000 euros in both cases. That is, about 270 gross euros after a year with a investment of 10,000 euros (540 euros if the minimum of SME Bank is met), compared to the 190s that would offer the letters to a year bought at the last auction.
If you are looking for an option with a Spanish branch, Haitong Bank pays 2.56% APR to this period, under the same conditions as in your six -month offer. In this case, a investment of 10,000 euros would involve a benefit below the 260 euros gross.
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