No-conditions term deposits improve their yields after the ECB's latest meeting
The European Central Bank's latest meeting has driven a wave of launches of no-conditions term deposits and an improvement in the yields of existing ones, according to Expansión. The move affects mid-sized Spanish banks and European institutions betting on higher rates in the euro zone. EBN Banco pays 3.10% APR at 12 months; Pibank and MyInvestor reach 3% at one year, and Belgium's Bank b offers 3.75% APR at seven years.
In 40 seconds
- EBN Banco raises yields on its deposits across all terms and pays 3.10% APR at 12 months
- Pibank lifts its one-year rate from 2.52% to 3% for new and existing customers, with no minimum or maximum amounts
- MyInvestor reaches 3% at 12 months and 3.5% in its premium option costing 7.99 euros a month
IASummary generated by artificial intelligence from a story by Expansión. It may contain errors: the original source prevails.




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