Neobank Bunq launches fixed-term deposits with interest of up to 2.11%
The Bunq neobank announced this Wednesday its launch of fixed-term deposits with gross annual interest rates of up to 2.11%, according to the statement sent this Wednesday. Specifically, the three-month deposit pays 1.76%; while for six months, the rate is 1.86%; for the 12-month deposit, the interest rate is 2.11%; and 1.91% for 24 months.
In these products You can deposit between 1,000 and 100.00 euros for each term deposit. The entity points out that several deposits can be opened “as long as the combined total remains below 100,000 euros.”
It also points out that interest is generated up to a maximum of 100,000 euros in all euro savings accounts and time deposits. Any amount above that limit will not earn interest.
On your website, Bunq also informs that the amount of the deposit remains fixed throughout the term, therefore you cannot add more money after opening the deposit. If you want to withdraw money, the bank allows you to make a full withdrawal, although it states that an early withdrawal fee may apply.
When the deposit period ends, both the deposited money and the interest are transferred to the main account, in such a way that the account linked to the deposit is automatically closed.
The neobank has also made two other announcements: on the one hand, it has introduced instant cryptocurrency alerts, so that, for example, those clients who have an active ‘crypto’ portfolio will receive automatic notifications when the coins on their favorites list rise or fall by more than 5% in 24 hours or reach a new all-time high.
