One of the great strategies of banks to attract new customers are paid accounts or with welcome gifts. For this reason, it makes no sense to keep money in a checking account that does not offer any type of benefit.
“When it comes to making money more profitable, some people believe that if they do not have large savings, it is not something that suits them. But the truth is that there is such a wide offer in the market that You can obtain the same benefit whether you have 20,000 euros in the bank or just one eurodepending on the promotion we choose,” explain the experts from the financial comparator HelpMyCash.
Remunerated accounts are a good option if you are looking make money profitable without sacrificing liquidity. The choice between one or the other will depend on how the maximum benefit can be obtained. For example, if you have around 20,000 euros saved, there are several interesting options.
The Sabadell Online Account offers an interest of 2% APR up to 20,000 euros, which represents a benefit of up to 400 euros per year. In addition, it returns 3% of electricity and gas bills without limit. Another of its advantages is that it profitability is indefinitesomething that most banks limit to one year and then reduce your interest or even eliminate it.
However, it is not the only one with this advantage; the profitability of the 2.26% APR of the N26 Savings Account It is also indefinite and has an additional benefit: there is no maximum limit to remuneration. Therefore, if you have 20,000 euros saved, you would get an extra 452 euros, but this amount could increase depending on the balance in the account.