Profitability in equity markets this year, and until the crash, has been marked by very weak margins that have not exceeded 3% levels. Although the worst thing is that the prospects in the stock market for next year are not better. Losses can even occur when interest rates rise in the price of money. From the current 0% in which it is located at the moment and this is a fact that favors the expectations of investors in the stock market. But in any case, it will be a situation that will not last much longer.
It is time to think that equity markets will no longer be as profitable as in recent years and it will be necessary to think about which financial products to target from now on. Where they offer a positive interest rate and if it can exceed that of the equity markets, then better than better. In this context, one of the great beneficiaries of the rise in interest rates are products for savings. Their intermediation margins will undoubtedly improve and may even approach 3% levels.
It will be time to analyze which are these products that can make us earn more money with our products. Because it cannot be forgotten that there is life beyond equities and in this sense we can achieve the objectives set in any defensive strategy. Where security will prevail over other more aggressive considerations. With one purpose and that is none other than at the end of each year the balance of our savings account increases. Which is, after all, what is involved in any money management system. Through a series of products that we are going to detail.
High-paying accounts
This class of accounts is one of the most profitable options to achieve a fairly satisfactory return for the interests of small and medium investors. We can get an interest rate of up to 3% in the best of cases. Because in effect, it is one of the few banking products that currently beats inflation rates in Spain and is around 2%. Although with a rather scarce offer by banks that do not see profitable the commercialization of this model for money management. With requirements that sometimes become very harsh and demanding on the account holders themselves.
In order to have a high-paying account, it is very common that in most cases you have to maintain a very high monthly balance. As well as a greater link with the bank through the contracting of new savings programs, investment funds, insurance or pension plans. To the point that not all customers will be able to access a product with these characteristics. Prepared, on the other hand, exempt from commissions and other expenses in its management or maintenance, as another added value to be subscribed to improve a profitability of the monetary mass.
Impositions on new clients
Another of the strategies to improve the interest margin offered by the banks is materialized through this product for savings. It is very easy to contract, even over the Internet, and it allows you to get interests that range between approximately 1,50% and 3%. Although their weak point is that they require shorter periods of permanence than in the other models of deposits. And as long as their holders are new clients of the entity since they are not in force for those already established, for a very short time they have been in the bank. Being one of the main signs of identity of these products aimed at saving individuals.
While on the other hand, it cannot be forgotten that these impositions are not always available. If not, on the contrary, they are offered under very specific offers or promotions that cannot always be subscribed. Another aspect that must be assessed in its formalization is the fact linked to its automatic renewal simply because it cannot be executed in any of the cases. As a consequence of this action, profitability will take up very little space of time, as you can understand on the other hand. Perhaps, and most likely, only once, unless you change your financial institution on a regular basis.
Negotiate profitability with the bank
Another option that you have at the moment is that you can negotiate the interest rate with your usual bank. Although for this decision to be fulfilled, you will have no choice but to provide a series of characteristics as a client or user. One of them is to be a preferred client, or what is the same, a good client: without debts and that you contribute very important savings to the entity. With a very high level of linkage that translates into the contracting of several banking or financial products. These are conditions that not all profiles can provide, as you can understand with some logic.
While on the other hand, there is no lack of exclusivity with the credit institutions and without which you cannot be considered a preferred client. As well as having a long time in your business relationships with the financial institution, what were formerly called lifelong clients and that undoubtedly leads you to facilitate this operation to improve the profitability of your personal accounts from these precise moments. On the other hand, it also helps the fact that you are in a position to apply for some of the main lines of credit marketed by banks and which is their main source of income.
Using technology channels
Finally, this resource is always available, offered by the new technological means and that entail a substantial improvement in the interest generated by the different banking products. In this sense, the income level can be improved by a few tenths of a percentage point, but in any case the differences will not be as clear as in the other models discussed in this article. Either way, it is a very easy strategy to apply and that we will always have on hand to improve remuneration. In addition, it is a very comfortable system because we can formalize the products at any time, even at night or on weekends. Without any kind of limitations or restrictions with respect to traditional formats.
On the other hand, this strategy is very suitable for formalizing it in fixed-term bank deposits. Through a wide offer where we can choose any kind of stay period. From the smallest to the oldest, while on the other hand, it does not affect promotional models that require a physical presence of their holders. This is one of the aspects that we must control in order to manage very well this class of products aimed at savings and investment, and which adjusts to all the profiles that small and medium savers present. Being one of the main signs of identity of these products aimed at saving individuals.
Another aspect that we will have to consider from now on is that one of the great positive surprises this year with regard to deposits of these characteristics is that they will be able to improve their profitability at the precise moment in which interest rates rise for part of the monetary authorities. From the 0% in which they are at the moment.
Other kind of accounts
La internet subscription It is also applicable for other types of more specific accounts such as those for minors or young people and also for other more differentiated products such as housing accounts, for users who are going to hire a home in the near future. In both cases, and while maintaining the same subscription constants, different accounts have been prepared on line that can be subscribed in both modalities by users, provided that the requirements imposed by each entity are met.
Despite not being as developed as Internet accounts in the classic sense of the word, they may encounter certain difficulties in the current banking offer, in which products with these signs of identity with the purpose of banks and savings banks to cover more business "niches" in the market, ultimately attract more customers.
Also in these situations, the referred accounts do not admit direct debits of receipts, or payroll or pension and they do not have associated cards or checkbooks. The advantage of its use derives once again from the convenience of subscribing and managing it through one's own home, even from the university, which makes them more accessible for the social segments to which they are directed.