The offer of deposits in Spain is scarce and with unattractive returns, so why not look for options in other countries in Europe?
Nowadays there are platforms that exercise intermediaries in the process and which, for free, facilitate access to fixed terms of other European banks to achieve more profitability.
The experts of the financial comparator HelpmyCash.com comment what advantages the deposits have abroad, which are the best today and how they can be hired.
The main advantages of foreign deposits for Spanish consumers focus on profitability and variety of products.
In terms of profitability, deposits from other European countries offer higher profits than most Spaniards.
In addition, as opposed to the scarcity of fixed-term products in Spain, banks from other European countries have a variety of deadlines to contract.
Hiring can be done in a simple way with intermediaries such as the Raisin platform, an entity that allows us to manage in a few steps the hiring of these deposits in other European countries, with the advantage that they do not charge Commission for this service and that deliver the documentation in Spanish
.
That is, it does not matter if the deposit is from Bulgaria, the documents can be read in Spanish.
Another of the great advantages is that, as well as deposits in Spain, those of other countries of the European Union are protected by the corresponding deposit guarantee fund of each country.
It is important that, before hiring one, we check that the bank is adhered to this deposit guarantee fund.
Choosing one of the deposits with greater profitability is not always the correct option, since it is important to look at the time of time they have.
Sometimes, the highest returns are five years, for example.
The deadline that must be chosen will depend on the short and term savings objectives.
For example, if the deposit money will be needed in a couple of years, you will have to choose a deposit at a two years at most.
As they report from Helpmycash.com, these are the products with the highest profitability that can be hired through the aforementioned RAISIN platform with a maximum period of three years: the three-year deposit of Banking Progetto at 1.00% TAE and the
Tote deposit of J & T Bank at 0.99% TAE.
Two years also repeat the same entities: the deposit to two years of 0.91% tae progetto banking and the two-year deposit of J & T Banka 0.90% TAE.
The two ask for a minimum of investment of 10,000 euros.
To hire one of these deposits, the procedure is very simple.
On the HelpmyCash.com website you can compare all available products and selecting one already opens a form of the RAISIN platform where personal data will be requested.
It is a matter of filling out these questions and then with a camera and with the DNI or passport by hand a video call is made to verify the identity of the person.
A document will also be necessary to send the address (such as an invoice or the tax residency certificate).
Once all this is accepted, you can select the desired product, send the money to Raisin and wait for them to end up doing the management process.