Updated on Monday, September 6, 2021 – 12:31
Despite the fact that many entities have decided to cut the profitability of their savings accounts, some banks continue to offer a competitive interest if the client links their income and adopts some other additional requirement.
Some banks continue to offer attractive returns if certain requirements are met.
That the paid accounts are not going through their best moment it is not a novelty. In recent months, both traditional entities and online banks, which tend to offer a more competitive interest on their savings accounts (for example, Renault Bank, Nationale Nederlanden or MyInvestor), have decided to push the scissors on the profitability of their products.
However, all is not lost, they assure from the financial comparator HelpMyCash.com. Some banks continue to offer competitive interest as long as the customer link their income and accept some other additional requirements.
“Bankinter, Banco Sabadell or Banco Mediolanum are among the entities that currently pay a more attractive interest for customer savings. That is, complying with the link and with a limited remunerable balance “, they point out from the comparator.
Bankinter Payroll Account
TheBankinter Payroll Account pays up to 5% APR on the first 5,000 euros during the first year and, during the second, the interest is reduced to 2% APR. In total, the bank pays up to 340 euros gross in interest in two years if the client meets all the conditions of the remunerated account.
To receive the profitability, it is necessary to enter every month a payroll in the account of at least 800 euros, domicile three receipts per quarter (be valid one per month) and make at least three purchases with a credit card, also per quarter. Deferred payments or payments at the end of the month are accepted.
In return, the bank will pay interest on the balance deposited in the account and, in addition, offer other advantages such as absence of commissions, a free credit card, free transfers to other national banks, the Bizum service and a total of 17,000 free ATMs throughout Spain.
Banco Sabadell Expansin Plus Account
According to the bank, Expansin Plus Account It is suitable for people who want to have a paid account with access to the main services to meet day-to-day payments. However, getting up to 3% APR is not as simple as in the previous case.
What Banco Sabadell demands to offer profitability It is, firstly, to make at least one purchase with a credit card per month and, secondly, to have more than 30,000 euros in bank products (deposits, fixed income, mutual funds, etc.). However, so that the account is exempt from commissions and offers all the advantages, you must additionally enter a salary, a pension or a regular monthly income of at least 3,000 euros and have two or more receipts in the last two months, points out HelpMyCash.com.
Clients who meet all these conditions will have access to a return of up to 2.74% APR during the first year on the first 10,000 euros and of up to 3% APR the rest of the years. In addition, they will have the usual free operation, Bizum and will have access to credit and debit cards without commissions. Regarding free cash withdrawals, Banco Sabadell has its own ATM network of 3,200 terminals and more than 14,500 ATMs of other entities with which it has signed agreements.
Banco Mediolanum Evolution Account
The Banco Mediolanum Evolution Account is another of the accounts that offers slightly more than 1% APR for customer savings. The bank pays 1% TIN for the balance that exceeds 1,000 euros up to 5,000 euros and 2% TIN for the balance that exceeds 5,000 euros up to 10,000. The APR in the case of staying one year maintaining a balance of 10,000 euros is 1.40%.
To achieve these conditions, Banco Mediolanum requires the client to direct debit their income or to direct debit some receipts and carry out operations with the credit card, among other options, and, additionally, contract, for example, life insurance or pension plans for a minimum amount of 25,000 euros.
Fulfilling these two linkage requirements, the Banco Mediolanum account offers profitability, has no commissions, offers Bizum and issues free credit and debit cards, with which it is possible to withdraw cash at any ATM in the world without commissions (52 free withdrawals per year).
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