ING has recently modified its offer of long term deposits and not only has it eliminated the 18-month products that it offered until now, but it has also added a new option for savers who want make your money profitable at low risk.
Specifically, the bank has added an additional option for savings greater than 50,000 euros and less than 100,000 euros. Now, interested parties will also be able to contract a 2% APR for 6 months. Therefore, with an investment of, for example, 60,000 euros, the client could obtain a remuneration about 600 euros gross. If the savings are greater and the holder deposits, for example, 80,000 euros, after 6 months he would obtain a gross profit of about 800 euros and, therefore, if he reaches the maximum investment (100,000 euros), he would earn about 1,000 euros gross. .
Although the profits are high because the investments are above 50,000 euros, ING does not offer the products that pay the most in this term. Other banks attached to the Deposit Guarantee Fund (FGD) from Spain promote more attractive returns.
These fixed-term deposits pay more for savings
Specifically, Cetelem, a trademark of BNP Paribas, pays up to 3.50% APR over 6 months, although the percentage may vary due to the maintenance commission of the linked checking account. The entity does not require minimum deposits nor establish maximums. Openbankfor its part, pays a 3.07% APR for this term, although it requires a payroll to be domiciled, and does not require minimum or maximum disbursements to remunerate the savings. On the other hand, Banca March remunerates the money with a 3% APR over 6 months for deposits between 10,000 euros and 2 million euros. And finally, another entity that remains at the 3% 6-month APR level is MyInvestor, as long as the owner also contracts an automated portfolio of 150 euros. In your case, the neobank requires that the investment be at least 10,000 euros and a maximum of 100,000 euros.
Other ING time deposits
ING, for its part, also offers other terms on its deposits. However, none of them pay 3% APR. Specifically, the bank separates its products into three different groups, depending on the money the client wants to invest. For investments from one euro to 50,000 ING, pay 1.90% APR for 12 months; For disbursements of between 50,001 euros and 100,000 euros, the entity offers that 2.00% APR for 6 months and a 2.15% APR for 12 months; Finally, for deposits from 100,001 euros and up to one million, ING maintains two of the three offers it had before the change in its product portfolio: 2.35% 6-month APR and 2.65% 12 month APR.
Added to this offer is a promotion which the bank launched temporarily, until next October 11, in which it pays 2.75% APR for 4 months and remunerates from the first euro.
Other conditions of ING time deposits
Apart from the minimum and maximum investments established by ING, there are other requirements that the owner must assess. The bank allows the option of cancel the deposit before it expiresso if the client needs their liquidity in advance they will be able to obtain it, although, in this case, they will lose the interest generated.
Furthermore, the bank does not allow more money to be added to the amount invested once the deposit has been contracted, that is, there is only an initial contribution. Although, if the user decides make more savings profitable You will be able to contract more deposits. Finally, the client must take into account that the interest generated will be obtained when the product expires.
