Savings accounts allow their owners to obtain interest on funds deposited. Unlike fixed term deposits, savings accounts pose no risks whatsoever.
Banks work tirelessly to promote bank savings accounts because these offer higher rewards than existing fixed deposit rates.
Frequently Asked Questions
Savings accounts at CaixaBank offer customers similar products as fixed term deposits: zero fees to make banking operations and achieve remarkable profitabilty.
Mi Hucha is your go-to savings hub where you can easily plan and customize with all the essential characteristics: setting objectives, increasing them over time and inviting family and friends to work collaboratively on meeting them. Create up to five distinct huchas from 1EUR without any maximum limit in terms of total amounts or monthly interests, making opening them easy via your computer or mobile phone, instantly and free.
Savings accounts generally do not incur costs, although certain ones have become associated with more cost-effective products, such as credit. On these accounts you may also make transfers to other recurring or nominated accounts and in certain instances even directly to an ING Bank account.
Assuring we bring enough funds into the savings account to reach a specified minimum threshold is of critical importance in order to maintain maximum remuneracion benefits and avoid early closure of certain period accounts. Before closing them early we should obtain documentation justifying such action taken prior to seeking closures during that time.
Interest Rates
Financial products markets provide us with an array of tools to start building our wealth. Popular options for saving and invesment plans are low-risk long-term savers like Caixabank’s Plan of Individual Life Saving and Investment Saving (PIAS), known as Unit Linked products that target individuals looking for long-term returns with restricted rentabilities.
Deposito Bonificado, made payable every 12 months, or Cuenta Interest-Bearing Deposit (with Euro contributions available) provide an annual interest rate of 1.5% NIR; an extra 0.5% can also be earned if funds come from Caixabank products and services.
Caixabank no longer offers savings accounts with paid savings accounts; however, other banks do offer this type of product, whereby you could potentially earn up to 5% TA. A better alternative than an account in any bank would be an account with paid savings cards – an attractive feature of such cards are they don’t charge commission fees while giving rewards for managing money at home.
Condiciones de remuneracion
Payroll accounts provide their principal return by charging interest according to monthly, trimonthly or annual payment cycles that they initiate. Furthermore, there are accounts which have linked payroll current accounts with related products, while others focus on depositing money or creating benefits via additional requirements, such as paying out dividends from home receipts or having at least some credit/debit card minimums.
Users wanting access to bank accounts that pay them are required to register with their chosen bank and fulfill a list of stringent criteria before being selected for accounts. The selection process usually occurs via mobile application or website of an entity and involves filling out forms, uploading copies of documents and verifying identity via selfie video call or digital certification process.
Banks offer different rentabilities for their remunerated accounts, but all provide higher rental returns than regular remunerated accounts. Furthermore, there are even some accounts offering attractive options and fees.
Taxes
Caixa Bank Savings Account does not impose fees to facilitate its customers’ financial operations, including billings and payments, receipt of income payments, withdrawal of cash deposits from an account, transfers between accounts and extraction requests. Furthermore, their savings and investment portfolio are covered by insurance providers who will take on any risks that might be inherent to investing in an ongoing manner.
Mi Hucha can assist in meeting all your savings needs, whether that means planning an extravagant spending spree, organizing travel plans or anything else you desire. Set goals, calculate expenses and save with friends – Mi Hucha even offers 24-7 assistance services so your calls won’t go unanswered!
Destino is Caixabank’s long-term savings PIAS that diversifies investments through an investment system comprising fixed assets, global variable rent assets and other alternative assets. Destino caters specifically to insurance providers and their policyholders alike and guarantees long-term returns with minimal risk exposure.
CaixaFuturo is a long-term savings platform from VidaCaixa’s SAU of Insurance & Re-insurers with an NIF A58333261. Your savings account and investment seguros are exclusively insured through Caixabank’s bank service, while it doesn’t impose fees for savings accounts and credit cards issued from them.