How to earn 2,000 euros with your savings?

Choosing paid accounts is presented as a great way to maximize savings and take advantage of the fact that 2024 has just begun to increase them without worrying about availability when needed. Several banks have launched offers on these types of products to attract new customers, increasing interest rates and providing attractive returns for account holders.

“Leaving our savings stagnant should not be an option, especially when banks are willing to remunerate us in exchange for attracting more clients. We should seize the opportunity of banks paying for our money. Although most banks have not improved their deposit offerings, they have chosen to enhance the conditions of their paid accounts,” explain the experts at the financial comparator HelpMyCash.com.

Get 4% APR

Currently, one of the most profitable accounts is the Trade Republic Savings Account with a 4% annual percentage rate (APR). According to the comparator experts, this account can be an appealing option for those who want to make the most of their savings, as long as they do not exceed 50,000 euros and want to maintain liquidity. “Of course, this is not an account for everyday transactions. However, it allows for transfers to your checking account,” they explain. Additionally, the money in your savings account is protected by a German deposit guarantee fund up to 100,000 euros, providing peace of mind to account holders.

“If you have 50,000 euros and leave it in the account for a year, you can earn 2,000 euros gross. This is definitely an alternative worth considering,” add the experts at HelpMyCash.com.

Remuneration plus cashback

Another account that offers rewarding benefits for new customers is the Sabadell Online Account, which kicks off 2024 with a 6% nominal interest rate (TIN) for the first three months, followed by a 2% TIN (3% APR) for balances of up to 20,000 euros. Moreover, it does not require a payroll and is free from commissions. Additionally, it offers a 3% cashback on electricity and gas bills, along with free debit and credit cards.

Profitability and deposit

Evo’s Welcome Smart Account provides an interesting option, as it offers a return of 2.85% APR on balances of up to 30,000 euros. In other words, it is an opportunity to earn up to 843 euros gross in profits. Furthermore, this online account, designed for new clients with no fees or conditions, allows for opening a deposit account at 2.85% APR for one year to maximize the profitability of the remaining funds. It also comes with a complimentary debit and credit smart card.

Earn up to 2.26% without limit

The N26 Savings Account offers a 2.26% APR with no capital limit, commissions, or conditions. This account allows for easy access and liquidity, with the ability to withdraw money at any time. It is also protected by the German Deposit Guarantee Fund, ensuring the safety of clients’ savings.

HelpMyCash advises paying attention to the remuneration period, as some accounts offer interest only for a certain time, as well as considering the maximum and minimum balance requirements. Lastly, assessing any additional requirements, such as direct debit of income, is crucial to determine if the benefits of a particular account are worth it.