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Our banks, are some of the banks that pay more for our money en Europe

01-10-2010
We are not sure if this is an indicator about the healthy state of our banks or on the contrary it shows a high need of liquidity, but while the average interest earned on deposits is 2.31% in Europe, in Spain we receive 2.94% for our money, about 25% more.

In fact, we know that some banks offer up to 5% interest. We at Cyclo would like to recommend and remind you to look over the conditions of these very attractive deposit accounts with a fine tooth comb, especially if you will be investing a big part of your savings.

Don´t hesitate to arrange an appointment with one of our financial consultants or lawyers to look through the small print and any of the fiscal repercussions. Feel secure about your savings and avoid any future surprises.

Cristobal Ruiz
Tax Advisor

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