Editor’s note: This article was first published in May 2011, and all rates and conditions are from that month and long out of date. Several banks named, including CAM, NovaCaixaGalicia, Sa Nostra, Caja Canarias and Banco Popular, have since been merged or taken over.
As every month, we look at the best-paying bank deposits. Remember that we only include deposits that don’t tie you to the bank: being required to take out other products, or paying high fees on linked accounts, means that deposits with eye-catching rates often aren’t as profitable as they look.
We split the list into two fixed terms: 12 months and 6 months.
Best 12-month deposits
- Depósito Bienvenida, Oficina Directa: 4.15% AER.
- Depósito Creciente Plus, CAM: 4.00% AER, from €3,000.
- IPF Banco Finantia Sofinloc: 4.00% AER.
- Depósito Top, Banco Popular-e: 3.60% AER. New money only, minimum €3,000, with a nominal rate of 7% for the first month.
Best 6-month deposits
- On Depósito, NovaCaixaGalicia: 3.50% AER, available online only.
- Depósito Sa Nostra: 3.50% AER.
- e-depósito, Caja Canarias: 3.50% AER.
- Depósito Gasol, Banco Popular: 3.00% AER.
Further reading
Featured image: Images Money, CC BY 2.0, via Flickr.
