Correos (Spain) launches `Flexible Deposit Extra'
BanCorreos – the new bank brand of CORREOS- launches to the market a new product, `Flexible Deposit Extra’. It is a traditional deposit, with guaranteed capital and without commissions, and has a yield of Euribor 0.30% less. It allows investing of very flexible form, from only 7 days up to 1 year. The minimum imposition is 600 euros. In addition, it allows anticipated cancellation recovering the invested initial capital.
This formula of customized saving comes to complete the product range of investment of the new brand of financial services of CORREOS and Deutsche Bank and it is characterized because of its advantageous and competitive conditions (for example, its current accounts without administration commissions nor maintenance), as much for the present clients of BanCorreos like for new potentials users.
From the 15th of February this deposit can be contracted in the 2.000 post multi-service offices of CORREOS in Spain.
Improvements in the ‘Increasing Deposit’
BanCorreos has improved, as well, the conditions of his `Increasing Deposit’. From now on, it remunerates the placed deposits, from a minimum subscription of euro 2.000 , with an interest of 3.7% the first year that raises until 3.9% the second year. These new conditions locate the `Increasing Deposit BanCorreos’ between the traditional products of saving that offer a greater yield of the Spanish market. It also guarantees the total recovery of the inverted amount.
`Increasing Deposit’ responds to the necessities of different public from the postal network: professionals, companies, immigrants, retired people, and inhabitants of rural surroundings, etc….
