Arquia Banca launches a deposit with a remuneration of 2.5% APR
Arquia Bank has announced the launch of a new deposit, called ‘Respira’, which offers a six-month remuneration of 2.48% nominal (2.50% APR)according to the statement sent this Thursday.
The minimum amount to contract this product, intended for new clients and contractable only during the next few weeks, is 10,000 euros and the maximum is 30,000 euros. Interest settlement occurs upon expiration of the term.
In order to obtain the profitability of the deposit, it is necessary to meet at least one of the following conditions: domiciliate a payroll of more than 900 euros or self-employed workers for a value greater than 275 euros; contract an investment fund or pension plan from the Arquia range for an amount equal to or greater than 10,000 euros (except guaranteed, return target and fixed income); or be the holder of health insurance from the insurer Hermandad Nacional de Arquitectos (HNA) whose contract has been carried out under the mediation of Arquia Banca Mediación Operador de Banca Seguros Vinculado.
If in the month prior to expiration the client meets any of the three established conditions, at expiration the deposit will pay 2.5% APR. Otherwise, the remuneration will be 1% APR (0.998% TIN).
The deposit does not allow partial cancellations. In case of total cancellation of the tax, The client will recover the nominal amount of the tax and the remuneration will be 0% APR (0% TIN)from the beginning until the cancellation date.
The entity, which frames the launch of this deposit in its new advertising campaign, explains that it is an automatic renewal product. At the time of renewal The interest rate that on the maturity date will be applied corresponding is being applied for deposits of the same amount and term.
