The five best bank deposits to make money in December without investing a fortune

The month of December arrives, it becomes inevitable that spending will skyrocket. Spanish consumers face the last month of the year with joy that the Christmas holidays are coming but also with an eye on their pockets because During these dates, personal expenses multiply due to the purchase of gifts. and the numerous commitments with co-workers, family and friends.

However, it can also be a good time to start putting our money to work and thus offset part of the Christmas waste. For those who have savings and want to take advantage of them, You can still find banks in the market that offer attractive returns in the current context thanks to a very simple and 100% secure financial product: bank deposits.

It is a savings tool that is based on keep a certain amount of money in the bank for a certain period of time in exchange for benefits. The settlement of these generated interests must be paid by our entity and can be carried out monthly, quarterly, semi-annually, annually or at maturity.

Financial experts agree that currently hire a deposit for a year or two It remains an attractive option to ensure good performance in the short and medium term, especially if you take into account that the probability of finding good returns may decrease in the coming months.

20 minutes has compiled the best fixed rate deposits below with terms from three months to two years with which to earn money without having to make a significant disbursement in entities backed by the Deposit Guarantee Fund (FGD), which insures money up to a limit in the event of bankruptcy. maximum amount of 100,000 euros by owner and entity.

Bluor Bank

This Latvian bank founded in 2001 and based in Riga offers a profitability of 2.61% APR with your one-year deposit. The minimum contribution is one euro and the maximum is 100,000. Payment of interest is due. The only downside is that it does not allow early cancellation. BluOr Bank operates in Spain through Raisin, a digital platform through which citizens can contract services from foreign banks safely.

Resurs Bank

The Swedish entity, popular for its innovative approach to flexible financial solutions, offers a profitability of 2.55% APR in two years and you can invest from 1,000 to 85,000 euros. Interest payment is always due. This deposit can only be contracted in Spain through Raisin.

Collector Bank

The Swedish neobank, belonging to the Norion Bank AB group, offers a profitability of 2.45% APR in two years and you can invest from 500 euros to 85,000. Payment of interest is due. This product is contracted in Spain through Raisin.

Fjord Bank

This Lithuanian entity is completely digital. Your six and nine month deposit has a profitability of 2.41% APR and requires a minimum contribution of 1,000 euros. For one year, the profitability drops slightly to 2.40% APR. It does not offer the option to cancel, so you will have to wait for the deadline to recover the money. It can be contracted from the Raisin platform, which allows Spanish consumers to contract deposits from various banks in Europe.

Morrow Bank

Morrow Bank is a digital bank based in Norway specialized in consumer financing that offers up to 2.35% APR on its two-year deposits. The minimum contribution is 500 euros with a maximum limit of 85,000 euros. Your operations in Spain are managed through the platform on-line Raisin.

EXPLANATORY NOTE. The remuneration of these deposits may change from the date of publication of this article.

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