Banca March launches a 12-month Depósito Combinado with DPM and an interest rate of 3.40%
08 November 2023 Category: Products
- The deposit accounts for 50% of the investment and the other 50% is invested in a GDC Renta Fija Óptima mandate.
- In the medium term, the fixed income portfolio offers very attractive returns thanks to the tax advantages and flexibility of investment funds.
- This product is exclusive to new GDC Renta Fija Óptima customers and can be arranged at branches until 31 January.
- Banca March is thus expanding its range of products with a combined savings/investment model, aimed at savers with a conservative profile.
Banca March has launched a new 12-month Depósito Combinado with discretionary portfolio management and an interest rate of 3.40% at maturity. Thus, 50% of the total investment is allocated to the deposit and the other 50% to a GDC Renta Fija Óptima mandate. This new product has a twofold appeal. It offers an attractive return on the deposit in the short term, and in the medium term, the fixed-income portfolio offers additional returns with the tax advantages and flexibility of investment funds.
The 12-month Depósito Combinado with GDC Renta Fija Óptima 50/50 is exclusively for new sign-ups of the GDC Renta Fija Óptima, which invests in a diversified debt portfolio with high credit quality that aims to outperform the financial and tax returns of treasury bills. The minimum amount in the deposit must be equal to the amount invested under discretionary management. Thus, the minimum total investment (deposit + DPM) is either 50,000 euros, 100,000 euros or 200,000 euros, depending on the profile of each customer.
The product does not allow early cancellation and, initially, can only be taken out at the bank's branches until 31 January 2024, although it is expected to be available shortly on Avantio, Banca March's investment platform.
This new deposit combined with GDC Renta Fija Óptima was created in response to the need to find investment alternatives, with treasury bills maturing, until the end of the year. Banca March is thus continues to expand its range of savings/investment model products, aimed at savers with a conservative profile.