Banca March launches Depósito Plus III, a new product offering a fixed interest rate of 2.12%
20 February 2023 Category: Products
- The product offers one of the best rates available in the market thanks to Banca March's robust capital adequacy level, which is among the strongest in the Spanish financial sector with a CET1 ratio of 17.30%.
- Customers can open the new deposit account until 17 March in branches with a minimum deposit of €10,000 and can hold balances of up to €2 million.
- Banca March has enhanced its existing range of savings products with the third generation of its Depósitos Plus range, which are highly compelling for more conservative profiles seeking strong returns.
Banca March has launched Depósito Plus III, which is designed for more conservative investor profile and offers a fixed annual interest rate of 2.12% (2.10% TAE), one of the strongest rates available in the market. In addition to this compelling rate, the product is backed by Banca March's robust capital adequacy level, which is among the strongest in the Spanish financial sector with a CET1 ratio of 17.30%.
The new deposit has a term of 18 months, at which time customers receive their initial deposit plus the interest accrued with no fee or penalty payable. The minimum deposit by customers is €10,000 and the maximum is €2 million, and the product can be taken out until 17 March.
This deposit joins Banca March's existing range of products aimed at more conservative profiles, such as the 12-month Depósito Avantio, which pays an APR of 2%, and is exclusively available to new customers who register for online banking and take out an Cuenta Digital Avantio. For this product, the minimum deposit is €10,000 and the maximum is €150,000.
This new products has enhanced Banca March's existing range of savings products aimed at more conservative profiles seeking to diversify and increase their capital with prudent investments offering attractive returns.