Increasing deposit Bonus to 18 months of Box Castile the Spot, CCM

www.minus19.com

09-12-2008 | Javier Gomez

The forecasts of the Euribor to one year are to the fall as one has seeing in the last month. The last clippings of the BCE will not be the last ones, and the fact is that the Central governments want to reactivate the economy and for it there is no better weapon than a few low interest rates.

For the thifty persons a tendency to the fall of the interest rate, logically, is negative because they will obtain gradually less profitability for his incomer funds. In fact, in the last week, so much ING as iBanesto they have lowered the types of some of his deposits. For it, if you have a money that you know to true science that you are not going to need in a good weather, perhaps the best thing is to consider to deposit it in long-term deposits in the current moment in which we can still obtain high profitabilities.

There is the case of the increasing deposit a bonus to 18 months of Box Castile the Spot (CCM), a fixed-term deposit of year guaranteed, and a half, which sees the profitability growing in every semester that supports the investment.

- What offers us?

In the first semester the profitability is 5 % of nominal interest
In the second semester the profitability raises 5,5 % of nominal interest.
In the third semester this profitability reaches 6,5 % of nominal interest
The profitability entire TAE is 5,72 %
Payment of half-yearly interests
Term of 18 months

- For what does he ask us?

Minimal revenue of 3.000 € and from here on in multiple of 500 €
To cancel it prematurely, they penalize us with 2 % on the quantity disppuesta with advance applicable from the date in which this money moves back up to the due date

- What seems to us?

We must realize well that both to 6 months and to 18 months there are deposits that give us better interests. For example, to 6 months the Deposit Future Cajamadrid offers us 7 %, while to 18 months them there is that they offer us over 6 % TAE. Nevertheless, the advantage of the increasing deposit bonus to 18 months of Box Castile the Spot is that from the first month we are insuring ourselves very high profitability to 18 months, with the facility of which we are guaranteeing the profitability of 6 in 6 months. That is to say; if now we were opening a deposit to 6 months in any other bank we would obtain major profitability in these 6 months, but probably, spent this time, and with the descents of the Euribor, the new deposit that we were hiring would have for the following 6 months much minor profitability than it offers us CCM, and let's not say already in the third semester.

To read more on: Deposits, financial Products
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