[Anonymous]

Does anyone knows which banks give a good interest on savings accounts?

Thanks

[Anonymous]

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.

[logan]

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.

[Anonymous]

Great, What bank gives that kind of interest?
Thanks

[logan]

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.

[Anonymous]

Thanks, I will contact my bank in Spain.
That beats what I am getting in the US. half a percent.

[logan]

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.

[Anonymous]

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.

[Author]

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