Editor’s note: This article was first published in September 2010. All conditions are from that month, including more than 1,500 Spanish funds, 4.95 euros per stock trade, no custody fee above two trades a month, deposits from 15 days to 5 years and a 100-euro bonus per 10,000 euros transferred.
For fans of investment funds, Self Bank offers a varied range of Spanish funds. Online banking keeps expanding and has clear advantages for savers, since online banks charge no account maintenance fees or, in many cases, much lower ones.
The advantage we see in Self Bank’s investment funds is that, because it doesn’t have its own fund management company, it won’t try to push a product on you: you can choose from more than 1,500 Spanish funds.
On top of that, its online broker terms are really good. There’s no custody fee if you make more than two trades a month, and the commission per stock market trade is €4.95.
Its fixed-term deposits, ranging from 15 days to 5 years, are also eye-catching. For now, its launch promotion offers a €100 bonus for every €10,000 you transfer to Self Bank from another bank.
Self Bank also offers a search and comparison tool for Spanish investment funds and, before you choose the type of fund you want to invest in, a tool to work out your investor profile.
Further reading
- The 7 types of investors and levels of investing
- The most common mistakes investors make
- Why the stock market is the most profitable investment
- Investing in warrants: what they are
Featured image: Negative Space, CC0 1.0, via Wikimedia Commons.
