This is the bank with the highest profitable paid account: 6%

Bank

He revival of paid accounts This is largely due to the European Central Bank raising interest rates since last year. These accounts, which have fallen into oblivion, are attracting new interest from consumers.

What is a paid account? This a bank account that earns interest on money invested in itwithin the limits established by the bank.

Paid accounts

The growing need to ensure financial stability has led to re-introduction of savings products for example paid accounts. Combining elements of checking and savings accounts, these accounts offer a convenient and cost-effective way to manage your funds.

A paid account is essentially a bank account that automatically accrues interest on funds deposited into it. This means that in addition to providing a safe place to store your money, it also generates additional income thanks to the interest earned.

The rewards on these accounts are usually limited to a maximum limit and can be a fixed or variable rate. This may also be based on balance sections or promotional periods, which provides flexibility for the user. In addition, interest payments are usually made monthly, which means that the money deposited begins to grow steadily and regularly.

One of the most notable benefits of paid accounts is their security and guarantee of capital and interest. Since they are not linked to any market or index, the capital invested and interest earned is protected, providing peace of mind to the investor. Additionally, these accounts offer transaction features similar to current accounts, such as direct debits and linked cards, allowing you to carry out daily transactions in comfort.

However, it is important to note that paid accounts may have certain disadvantages. For example, interests offered are usually lower compared to other financial products such as time deposits. In addition, some accounts may have reward limits or tenure requirements, and fees may apply for certain services.

In short, paid accounts are an attractive option for those who want to combine security, liquidity and profitability in your financial transactions.

Sabadell Bank

Banco Sabadell is a Spanish banking institution founded in 1881. in Sabadell, with headquarters in Alicante. Its core activities cover commercial, business, corporate and private banking with an international focus. Over its history, it has gone through several stages of expansion, transforming from a local bank into an international one. The company has been listed on the Madrid Stock Exchange since 2001 and has been included in the IBEX 35 index since 2004.

During my career, united various financial structures, both national and international. He acquired banks such as NatWest España, Banco Herrero, Banco Atlántico, Banco Urquijo and others, as well as banks in Miami and elsewhere in the United States. It has also carried out integrations with banks such as Banco Guipuzcoano, Banco CAM, Banco Gallego and Lloyds TSB España, among others.

As part of its expansion, Banco Sabadell entered the Mexican market through Sabadell Capital and acquired TSB Banking Group plc in the UK.. In a reorganization in 2015, the company consolidated its territorial brands under the name “Sabadell”. In addition, in 2017 the company moved to Alicante due to the process of Catalan independence.

Regarding your current activities, In 2018, it sold 80% of its property platform Solvia to Swedish group Intrum. and in 2020, a merger with BBVA was negotiated, which was later cancelled.

Online account

The Sabadell online account offers exclusive opportunity for new clients. During the first three months, it offers a refund of 6% TIN of the account balance. After this initial period, the current yield is 2% TIN, which is equivalent to 3% per annum. This promotion is valid only until 02/29/2024.

Except, There are no administrative or operating fees or salaries required., receipts or persistence. One debit card and one credit card are provided with no issuance or service fees. 3% of your direct debit for electricity and gas is also refundable without restrictions.

You can open your online account from your mobile phone in just 10 minutes. First, select one or two account holders and decide whether you want to open an account for yourself or share it with another account holder. Then, Fill out your details and create your username to complete all your transactions securely.. Then identify yourself by taking a photo and recording a short video from your mobile phone. Finally, sign your digital contract online and your online Sabadell account will be ready to use!

the sum of the average monthly balances of the Sabadell online account and the Sabadell savings account related holders receive a TIN fee of 2.00% and an annual interest rate of 2.018%, up to a total average balance limit of €20,000. Interest is paid monthly, no later than the 15th day of the next calendar month.