Since the European Central Bank (ECB) began to raise interest rates, saving has a reward. Many banks have improved the profitability of your paid accountsa product that can be easily purchased from the web and that generally offers returns of between 2% and 3%, although the best offer is unmarked and reaches up to 4% APR.
The N26 Savings Account It offers a profitability of 2.26% APR and one of its main attractions is that it has no maximum remunerable amount. In addition, it does not apply commissions or require conditions, other than opening the account and transferring the savings there.
The Evo Welcome Smart Account It is another of the most outstanding options of the moment. It offers an interest rate of 2.85% APR, for a balance of up to 30,000 euros. In addition, it does not require additional requirements, other than opening the account, and it does not charge commissions.
For the experts at HelpMyCash, it is one of the most outstanding at the moment because it allows you to make up to 30,000 euros profitable with a higher than average interest and has no commissions.
Trade Republic Savings Account
Finally, the Trade Republic Savings Account, which offers the highest profitability of the moment: 4% APR. The client can see their savings grow from one euro to 50,000 euros and does not require payroll direct debit. It also does not charge commissions and, in addition, when paying with the card you receive 1% of the amount that is reinvested in a pension plan.
“Leaving savings in banks that do not remunerate is an unintelligent decision from a financial point of view,” HelpMyCash emphasizes. “With inflation still high, the least we can do is reduce the loss of purchasing power, making savings profitable.”
Paying accounts are an interesting way to do this. In addition, their risk is very low and they are protected by the Deposit Guarantee Fund, which “protects up to 100,000 euros per bank and holder in the event of, for example, a bank bankruptcy,” HelpMyCash explains.