November 23, 2024

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This bank is now offering up to 2.5 percent return on your savings |  MyGuide

This bank is now offering up to 2.5 percent return on your savings | MyGuide

Spaargids.beMany banks are still reluctant to raise interest rates on savings – significantly. However, this is not the case at Consumer Bank Santander. There, interest was raised to more than 2% yesterday (June 5th). This makes this Spanish bank the outlier in terms of returns on savings within our country. Spaargids.be on the new numbers.


By Johan Van Geyte, in association with Spaargids.be


Last updated:
6/6/23, 4:41 PM


source:
Spaargids.be

on the classic Vision saving account Until recently, the bank gave a base interest rate of 1.00% and a fulfillment premium of 0.25%. This is now a base rate of 1.25% and a fidelity premium of 0.35%, for a total of 1.60%.

to me Vision Plus Savings Account Basic interest rate of 0.65% and loyalty bonus of 1.10% applicable. This has been changed to a base interest rate of 0.75% and a fulfillment bonus of 1.50%, so that’s 2.25% added all together.

and on Vision Max savings account Finally, until recently, the bank announced a base interest rate of 0.80% and a trust premium of 1.20% for amounts between €125,000 and €200,000. This is now a base rate of 1.00% and a fidelity bonus of 1.50%. For balances under €125,000 and above €200,000, the base interest rate was 0.05% and the fidelity premium was 1.20%. The base price will not change. The trust premium increases to 1.50%. Together we are talking about 1.55%.

advice: You can find more information about these savings accounts on the comparison site Spaargids.be.

Please note: The base rate is set for each day that there is an amount in the account. On top of this is a fidelity bonus for funds kept for a year. The base rate of interest rate can also change every day. The insurance premium is fixed immediately for a period of twelve months.

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Read more at Spaargids.be:

The National Bank does not prefer the legal minimum high interest on savings accounts

Why don’t the big banks increase their savings rates more (but the smaller players do)?

BNP Paribas Fortis CEO expects 1% interest on savings accounts by the end of 2024

This article was brought to you by our partner Spaargids.be.
Spaargids.be is an independent comparator of bank products and looks for competitive pricing and better interest rates.