Self Bank has presented a new welcome deposit for 3 months that offers a return of 3.05% APR, aimed at both new customers and users already linked to the entity, as long as it is fresh money from another entity. According to the bank's statement, no additional linkage is required to access this product.
This new deposit adds to the already existing 12-month welcome deposit, also available for new customers or for new balances of current users. This second product pays 2.72% nominal interest (2.75% APR) for one year and also does not require contracting other associated products.
Regarding the payment method for interest, the entity has reminded that most of Self Bank's deposits offer quarterly settlement, allowing the customer to receive the return periodically without needing to wait for the maturity of the contracted term.
"It may be surprising that we offer two welcome deposits with different terms, but the truth is that this responds to a very clear philosophy that we at Self Bank always want to adopt in front of the customer: total flexibility, to adapt to each one's needs. Thus, we understand that there are customers who prefer to save for shorter terms, either because they will need the money or because of their forecast of the future evolution of interest rates," emphasized the business director of Self Bank, Javier Sánchez.
Additionally, Self Bank has recently incorporated a 24-month deposit, with a remuneration of 2.72% nominal interest (2.75% APR) and monthly interest payments. Furthermore, the entity expands its catalog with deposits of 3 and 12 months linked to investment, which in both cases offer 2.97% nominal interest (3.00% APR) as long as, within five days after contracting, the customer allocates at least 30% of the deposit amount to one of the funds proposed by the entity and managed by Singular AM.