The bank offers personalized deposits at 2.5% and rewards payroll direct debit with up to 500 euros.
Santander has been the last of the large banks to improve its liability offering through the launch of custom deposits, a formula that other larger entities have resorted to, the most reluctant to remunerate their clients’ savings in a general way.
The entity is offering individuals interested in contracting deposits a one-year tax at 1.5% APR. This profitability can increase another 1%, up to 2.5%, depending on the contracted products.
The deposit not accessible to all customers and can only be hired by certain profiles or individuals who have a certain level of connection with the bank.
On the standard interest rate of 1.5% APR, Santander offers an extra remuneration of 0.5% if the client has a direct deposit of at least 600 euros, a pension of 300 euros, payments to the Self-Employed Social Security of at least 175 euros per month, or aid from the CAP (Common Agrarian Policy).
Having insurance allows you to add another 0.5%, until completing the maximum bonus of 1%. Santander takes into account life, home, accident or temporary disability insurance for the self-employed. The aggregate annual amount of premiums It must be greater than 200 euros.
The settlement of interest on the deposit will occur at maturity. In case of early cancellation, the bank will apply a 1.5% penalty on interest generated.
Cash bonuses
Beyond deposits, the bank has for some time been using it as a hook to attract customers cash bonuses, although these incentives are limited to individuals who do not yet work with the entity.
Santander est rewarding with up to 500 euros for direct debit of income. To qualify for this maximum payment, the client must have a salary of at least 2,500 euros and, in addition, take out insurance. Additionally, you must be registered with Planeta Seguros, a free tool that allows you to group policies and make your payment in twelve discounted monthly installments.
They are included in the offer life insurance, associated with loans, health, home, deaths, accidents and automobiles.
If the client’s address is la nmina but this is less than 2,500 euros, The maximum bonus you can qualify for if you take out insurance is 400 euros.
As an alternative formula to direct debit of payroll and contracting insurance, Santander also provides incentives for clients who transfer their income to the entity and direct debit two receipts or, alternatively, Use your credit card once a month. In this case, the bank pays 400 euros if the salary exceeds 2,500 euros; and 300 euros if it is less than that level.
The entity has is paying 300 euros for new direct debits of the self-employed quota to Social Security and two monthly receipts in the same account, and with minimum income of 12,000 euros per year.
In all cases and to access the incentives, Santander requires maintaining the payroll or quota in the entity for 24 months.
Investment funds and income insurance
Santander also has investment products on display depending on the customer profile.
Among them, they are offering investment funds with returns between 2.50% and 3.50%; structured financial liabilities with guaranteed returns greater than 2.5%; and income insurance with returns of between 2.35% and 2.85%, depending on the age of the client.
