MyInvestor and Deutsche Bank have increased the profitability of their term deposits. The changes come ahead of the European Central Bank meeting, which could raise interest rates.
The financial entities MyInvestor and Deutsche Bank have decided to enhance the profitability of their term deposits, according to expansion.com. MyInvestor, a neobank backed by Andbank, El Corte Inglés, and AXA, has raised the profitability of its deposits to 2.50% APR for all terms, applicable to customers who maintain or contract an automated portfolio of at least 150 euros.
The interest rate for deposits of 1, 3, 6, and 12 months will increase from 2.25% to 2.50% APR, while for those without an automated portfolio, the remuneration will be 2.25% APR. The minimum amount for contracting is 10,000 euros and the maximum per deposit is 100,000 euros.
Customers who subscribe to MyInvestor's Premium Plan will also see their Premium deposit for 3 months increased from 3% APR to 3.25% APR, with a minimum contract of 1,000 euros and a maximum of 25,000 euros.
Deutsche Bank has raised the remuneration of its Depósito Confianza Más DB from 3.25% to 3.50% APR. This deposit is aimed at new funds from other entities, with amounts between 25,000 and 150,000 euros. The proposal offers a guaranteed remuneration of 2.50% APR, with the possibility of adding up to 1 percentage point additional through bonuses.
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