Editor’s note: This article was first published in August 2010. Every rate and product is from August 2010, so it is a historical snapshot. Several of these banks have since disappeared in mergers: Banesto and Banco Popular were absorbed by Santander, and Caja Navarra and Sa Nostra in the savings-bank restructuring.
Here is a summary of the best-paying deposits right now, updated in August 2010. We list only the fixed-term deposits that stand out from the rest for their higher returns. Rates are given as AER (the annual equivalent rate, TAE in Spain).
- Caja Navarra: 1-year deposit, 4.17% AER. Maximum amount €5,000.
- ActivoBank: 1-year deposit, 4.00% AER.
- Tubancaja: 1-year deposit, 4.00% AER.
- BBVA: 1-year deposit, 4.00% AER.
- Banesto Cuenta Azul: 1-year deposit, 3.60% AER.
- ING Direct: 3-, 6- and 12-month deposits, 3.50% AER.
- Caixa: 1-year deposit, 3.00% AER (4% if you also bring in a pension plan).
- Sa Nostra: 1-month deposit, 3.50% AER.
- Sa Nostra: rising-rate deposit, 1 year 8 months (2.00% AER for the first 3 months, 4.50% AER for the last 3 months).
- Banco Popular: 1-year 2-month deposit, 3.15% AER.
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Further reading
- Why investing in the stock market is the most profitable investment
- Steps to get started as an investor
- Financial education: how to achieve financial freedom
Featured image: Hernán Piñera, CC BY-SA 2.0, via Flickr.
