• TRM (USD/COP)COP 3,235.59 +1.65% +COP 52.60Colombia's official exchange rate (Financial Superintendence), valid Nov 4 to Nov 4
  • EuroCOP 3,617.08 +1.72% +COP 61.02Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote
  • Mexican pesoCOP 173.98 +3.35% +COP 5.64Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote

No-conditions term deposits improve their yields after the ECB's latest meeting

FinanceInternationalExpansión40 s readAI summary
Image: Expansión

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
Read the full story at Expansión

IASummary generated by artificial intelligence from a story by Expansión. It may contain errors: the original source prevails.

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