- January 28, 2014 at 3:43 pm #57923
Does anyone knows which banks give a good interest on savings accounts?
- January 29, 2014 at 1:04 pm #119054
This is a very fluid market & by the time you find out the rates would have moved. Banks have no incentive to attract from depositors.
- February 6, 2014 at 9:36 am #119080
It depends on how much you wish to invest. Most savings accounts need a minimum around €3k which pays around 2.5%. Upwards of €50k around 4% is possible.
- February 6, 2014 at 12:58 pm #119082
Great, What bank gives that kind of interest?
- February 6, 2014 at 1:16 pm #119083
Those rates are fairly standard from banks in Spain and the rest of Europe. However you have to negotiate a deal in Spain by going to the bank and talking with them. You will also need to tie up the capital for a minimum of a year and maximum about 4 years. Interest is either paid annually or at the end of the term and net of tax.
- February 6, 2014 at 1:35 pm #119085
Thanks, I will contact my bank in Spain.
That beats what I am getting in the US. half a percent.
- February 6, 2014 at 1:47 pm #119086
If you are in US Dollars you have to consider where the exchange rate against the Euro is likely to be when you want to repatriate the funds.
I have heard some expert opinion say that the fair value Euro/Dollar rate is €1.24. It’s now around €1.35. Current long term market sentiment is against the Euro due to deflation fears and weak growth in the Eurozone.
- February 6, 2014 at 1:56 pm #119087
Yes, I have been watching the Dollar vs the Euro for a few weeks, and the Euro does not seem to be weakening.
I have been trying also to buy the Euro offline (LOL) and no takers.
I advertized in Craigslist worldwide and no takers. So I just have to wait for the Euro to drop a little.
Thanks again for your info.
You must be logged in to reply to this topic.