Even if the inflation rate shows signs of slowing down, the general increase in prices is a reality that must be taken into account and which risks eroding the purchasing power of Italian families’ savings. In such a context, with an inflation rate which in August, according to the first data provided by Istat, increased by 0.4% compared to the month of July, making prudent investments to safeguard one’s purchasing power is a good idea. . Once again, deposit accounts are confirmed as the best solution for those who want to obtain a good return without taking risks . According to the findings made by SOStariffe.it, the best deposit accounts of the period guarantee a gross return of up to 5% per year, effectively allowing the negative effects of inflation to be neutralised, or almost neutralised.
Is a free deposit account or a restricted one better?
Anyone who is considering the idea of opening a deposit account should first understand whether to opt for a free deposit account or a restricted one. The first solution offers maximum flexibility and allows you to get your money back at any time, but generally has lower interest rates. The second option, however, blocks the deposit for a more or less long period. The solutions can be released or not guaranteed a higher average yield and are an excellent alternative to riskier investments, such as bonds or the stock market. The deposit account protected by the Interbank Deposit Protection Fund which covers the saver up to 100 thousand euros.
What is the average return on a savings account today
Comparing the best deposit accounts through the free comparator of SOStariffe.it it is possible to check in a few seconds what the return guaranteed by the deposit accounts offered by Italian banks. Naturally, the gross return is proportional to the duration of the investment and varies depending on whether it is a free, repayable or non-repayable deposit. For 6-month deposits, the minimum period available, gross interest rates fall within the range between 3.3 and 4%. If we consider 12-month deposits, however, the maximum interest rate rises up to 5%. For longer deposits, equal to 36 or 60 months, maximum returns reach up to 5% and average returns fluctuate around 4.5% gross.
How much does an investment of 10 thousand euros make with the best deposit accounts of the moment?
Carrying out a simulation of the return guaranteed by a deposit account helps to understand whether this solution can really be right for you and whether or not it is worth opening an account of this type. Assuming you want to invest a capital of 10,000 euros, the net return guaranteed by this financial product ranges from a minimum of 119 euros, for a free deposit account with a duration of 6 months, up to 1,850 euros, for a fixed deposit account with a duration of 60 months and annual capitalization. Generally speaking, for a 6-month deposit the net yield is currently around 130 euros. The net profit rises to approximately 330 euros for 12-month deposits and to approximately 900 euros for 36-month deposits. Those who have the possibility of tying up the money for a longer period of time can earn around 1,500 euros net by depositing the money for 60 months. The profit can increase as you go to increase invested capitalremembering that up to 100 thousand euros are fully covered.
How to find the best savings account
If you find the average returns just presented interesting, it may be useful to do some more research to be successful to identify the best deposit account for your needs. Understanding whether you prefer a free account or an escrow account is not the only consideration to make. The frequency with which the interest is capitalized and the methods of opening and managing the account can also make a difference. In general, you can choose between deposit accounts with interest capitalization at the end of the deposit period, with periodic capitalization (every 3 or 6 months, for example) or with advance crediting of interest. As regards the methods of opening and managing accounts, however, it must be kept in mind that some banks require the opening of a current account connected to the deposit line, others allow you to pay money into the deposit account from any current account. To be able to identify the perfect product for your needs, it is very useful to compare the proposals of several banks and evaluate the convenience not only of the returns, but of the deposit account as a whole.
2023-09-17 12:51:22
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