As most banks begin to reduce the profitability of their deposits, other European entities stand out arouse interest in the product preferred by savers.
In the case of banks that opt for the second option, the term they prefer is the long one.
Among the reasons are the end of rate increases and the hope that they will begin to decline within a few months. When interest rates fall, interest on deposits will also fall.
Therefore, opting for longer terms is the most profitable option to maintain high profitability for as long as possible.
One of the banks that took this path was Haitong, the Portuguese bank was one of the entities that offer maximum profitability for fixed-term deposits.
It is currently the second highest paying bank in the entire eurozone over a 2 year period. The entity pays the tax for 24 months at 4.22%, after which the System pays 4.26% for the same period.
At one year it is the third institution to pay the most in the ranking, 4.10 percent. After having increased the profitability of this deposit, Haitong displaces Progetto from the podium, one of the banks that offers the highest profitability on deposits.
The most profitable deposits
Once again, Haitong’s one-year deposits lag behind Sistema, which pays 4.3% for 12 months, and also BAI Europe, which pays 4.20 for the same duration.
In the short term, Haitong also offers one of the highest yields on the market. Pays 3.95% for 6 and 9 month periods.
The profitability ceiling for the 9-month tranche is therefore 4%. Opting for Haitong deposits is one of the most interesting choices if you want to invest in the short term.
To access Haitong taxes you need to invest at least 10,000 euros. The maximum is set at 100,000 euros, which is the maximum guaranteed by the Portuguese guarantee fund.
If the customer invests an amount of approximately 50,000 euros in his best deposit (two years at 4.22%), at the end of the period You will get gross returns that exceed 4,000 euros.
Interest payment is due and Portuguese banks do not allow early cancellation of any of the deposits offered.
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2024-01-03 04:18:00
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