Do you want to invest savings in Savings Certificates (CA)? It is worth waiting a few days and only doing it in May, since the remuneration of this product will improve next month to 2.195% gross, almost 2.2%. This improvement, compared to 2.138% applied in the current month of April, is due to the recent increases in the three-month Euribor.
The rate of 2.195% applies to new subscriptions in series F (the only one that is active) to be made in May, but also to quarterly interest reviews that may occur in the next month. Permanence bonuses are also added to the base rate, awarded depending on the maintenance time of the applications.
The CA’s base profitability rate is calculated based on the monthly values of the three-month Euribor determined on the second to last business day of the month, and with the average of the values recorded over the previous ten business days. In other words, with the last ten values up to and including this Monday, April 27th.
Euribor rates have been rising, especially after the conflict in Iran triggered by the United States and Israel, which has generated a sharp increase in the prices of energy and other products in general, which could force the European Central Bank (ECB) to raise its key rates sooner than expected.
The profitability of the State savings product, which has guaranteed capital, exceeds the average deposit rate, which in February (the last month for which data is available) was 1.37%, one of the lowest in the euro zone.
CAs, due to their ease of mobilization, can serve as savings for emergency situations, such as paying expenses for six months, as experts advise, to cover unemployment, health or other situations. This product does not have any subscription, maintenance or redemption costs, and applications can be for small amounts (minimum of one hundred euros initially and ten euros for each new application).
Is it possible to invest more money
The maximum amount to be applied in CA was extended. Regarding the F series, the only one that accepts new subscriptions, the limit to be applied went from 100 thousand euros to 250 thousand euros, according to a dispatch of the Minister of Finance, published last Friday, in Republic Gazette.
For those who have subscriptions to the previous series, D (which no longer accepts new applications), and intend to reinforce in series F, the amount has also increased, increasing the amount accumulated in the two series from 250 thousand euros to 500 thousand euros.
This last reinforcement is particularly important for those who have series D subscriptions — which expire ten years after the subscription date —, who can then reapply them to series F, along with new savings.
