These are the five most profitable accounts in March 2024

March, third month of the year and with it come changes: season, time, wardrobe…. And financial planning? The truth is that, given the possibility that the European Central Bank (ECB) will lower interest rates, the profitability of deposits has turned downwards. For this reason, paid accounts have become an increasingly popular alternative.

Flexibility, gifts, free cards, return of purchases and receipts…. They are accompanied by numerous advantages that have led to their rise in recent times. But if they are gaining followers for something, it is mainly because of their profitability.. “Given the current instability of rates, these accounts are increasingly closer to the remuneration of deposits. If we add to that its various benefits, the result is a very varied offer,” they point out from the financial comparator HelpMyCash.

So among so many options, choosing can become a complicated mission.. What to look for? Profitability is usually the predominant criterion, although not the only one. So, against a backdrop with such a wide range, these are the five most profitable accounts for the month of March.

1. Trade Republic Savings Account, 4%

Although it is not a traditional remunerated account, the Trade Republic Savings Account remunerates savings with an attractive 4% APR for balances of up to 50,000 euros, which would allow you to obtain up to 2,000 euros in one year.. Enough to be the most profitable account on the market. In addition, it does not charge commissions nor does it require direct debit of the payroll.

But beyond its interest, its debit card offers 1% cashback and does not neglect security, since the money is backed by a deposit guarantee fund. And aside from savings, Trade Republic is a gateway to the world of investments with very low fees, since it allows its clients to explore stocks, ETFs, bonds, cryptocurrencies and more.

2. Revolut Flexible Account, at 3.97%

Like the previous one, the Revolut Flexible Account is an attractive option for those looking to maximize their savings, as it gives access to an expected return of up to 3.97%, depending on the Plan selected.

However, it also has great flexibility: clients can withdraw money at any time, without restrictions, and it does not charge commissions of any kind.

3. Sabadell Online Account, 3%

Thirdly, the Sabadell Online Account stands out, an account that has a current promotion that pays 6% TIN during the first three months, followed by a competitive 2% TIN (3% APR) for balances of up to 20,000 euros.. This offer is aimed at new customers, which would allow them to earn up to 596 euros the first year.

At the same time, it does not impose commissions or payroll. Likewise, it offers the possibility of recovering 3% of electricity and gas bills, as well as free debit and credit cards.. In short, an opportunity to optimize savings with the most attractive profitability.

4. EVO Welcome Smart Account, at 2.85%

The Welcome Evo Smart Account with a profitability of 2.85% APR for amounts up to 30,000 euros, allows you to obtain a profit of up to 843 euros. But it also gives the possibility of opening a deposit at the same interest for the rest of the savings.

The account also has other advantages such as the absence of commissions and conditions.. It also comes with a free debit and credit smart card, cashback with purchases and withdrawals abroad without additional costs.

5. N26 Savings Account, at 2.26%

Finally, the N26 Savings Account closes the ranking of the five most profitable accounts in March. It offers an interest of 2.26% APR, with no limit on the balance and without commissions or conditions and with the money always available. The bank is under the protection of the German Deposit Guarantee Fund.

To access this account, customers can first open a free checking account and then sign up for a savings account directly from the app. In short, a profitable as well as accessible option for those looking to grow their money safely and without complications.