Banca March raises the interest on its Depósito Flexible Avantio 12 meses to 3.30% for new digital customers
01 August 2023 Category: Products
- The product offers one of the best rates available in the market, backed by to Banca March's robust capital adequacy level, with a CET1 ratio of 17.66%, the strongest in the Spanish banking sector.
- The minimum deposit for this product is €10,000 and the maximum reaches up to €1,000,000.
- Depósito Flexible Avantio 12 meses allows for early access to funds; the interest rate paid on funds withdrawn early is 1%.
- The deposit, aimed at new digital customers, can be arranged until 31 October through Avantio, the most comprehensive investment platform on the market.
Banca March has raised the nominal annual interest to 3.30% at maturity on its Depósito Flexible Avantio 12 meses. This product is aimed at new digital customers with conservative profiles and offers one of the most attractive returns on the market, backed by Banca March's solvency, with a CET1 capital ratio of 17.66%, the highest in the Spanish financial system. This improvement enhances 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
The minimum deposit by customers is €10,000 and the maximum reaches up to €1,000,000, and the product can be taken out until 31 October. Depósito Flexible Avantio 12 meses allows for funds to be withdrawn at any time. In this case, the customer will receive the amount of the deposit plus the remuneration corresponding to the nominal annual rate of 1%.
The new deposit account can only be opened on Avantio, the most comprehensive investment platform on the market, offering optimal omnichannel services whilst delivering the tailored, expert advice which is the hallmark of Banca March.
The platform, aimed at new customers with a more digital profile who register through this online channel, offers over 30,000 investment instruments by the world's leading asset management firms as well as the most advanced digital tools, including a new, advanced search function for specific securities, funds and pension plans, real-time reporting on trading prices and an online broker service for customers who want more autonomy in their investment decisions. This year, Banca March is offering a welcome Broker Bonus that reimburses up to €1,200 in fees to new customers who trade through Avantio.