There is no fine print or hidden terms. Yes, we know you’ve heard this before, but this time you won’t find it: neither the fine print nor the usual disappointment that is usually experienced after reading. And we’re talking about something banking product with big user benefits Finally, a very unusual detail in the industry. This doesn’t have to be the solution you’re looking for or need, but if it is, it will most likely satisfy you completely.
The account offers an approach that has virtually no equivalent in SpainBecause combines two different product types into one: current balance daily operations and another investment, This allows you to get a better return on your money.
The current banking market already offers these options, but always individually and in many cases subject to stringent conditions that must be met. In addition, regarding the investment or your financial information or you will have to consult a manager to avoid undertaking operations that may involve excessive risk, compromising savings. In this way, the new account simplifies and democratizes investing and makes it accessible to everyone, not just financial experts.
The product is called Easy Account and comes from Renta 4 Banco, an organization Operating in Spain since 1986 and currently has more than 125,000 customers. It has been listed on the stock exchange since 2007 and currently has assets under supervision or management exceeding €30 billion.
No payroll or commissions
Easy Account works like any other account but with some features certain aspects that make a difference. For starters, Does not require residency of payroll It does not impose a minimum or maximum initial amount for opening. Also available to everyone: Having Spanish citizenship is sufficient be of legal age and a natural person (not currently available for companies).
The account is also commission-free because There are no fees for maintenance, cards, direct debits or transfers. And in terms of day-to-day banking transactions, it works like any other.
automatic investment
But one of the biggest assets of the new Easy Account is that it includes an investment aspect. And the best thing is The customer does not need to do anything as the transactions are automated and checked by experts.
When you make any deposit, the money is deposited automatically. This is possible because the account is associated with a fundthis is called 4 for rent Foncuenta F.I.
The fund has a conservative and low risk profile. And, as you can see, we will not hide anything from you, it has some commissions, although they are minimal and are imposed not by the bank, but by the fund manager himself: 0.10% per deposit and 0.20% per management. As you know, fund fees are always reflected in the returns offered by the funds and not in bank balances.
Guaranteed liquidity
Another advantage. Unlike any fund, through Kolay Account The customer can get his money back immediately, whether by money order, card or even using Bizum. The important thing is that Renta 4 Banco includes a free service that provides advances of up to 90% of deposited assets and the processing of normal repayment of the fund.
If you want to get to 100% instantly, the remaining 10% is subject to the usual recovery time of three or four days.
Profitability and low risk
As with any investment fund, a guaranteed or specific return cannot be guaranteed as it will depend on operations and results. However, in the context of current interest rates and in terms of customer peace of mind, it is showing very good results so far this year. The background is conservative, focuses on bonds and fixed incomeand offers a low risk level, 2/7.
Same way, the account has a low risk index of 1/6 In your case.
personal advisor
Apart from everything mentioned, there is a personal advisor as well as helping you progress step by step in the world of investing Product selection It is of particular interest to ‘Easy’ investors with funds and portfolios so that clients can fine-tune their investment operations as much as possible. And especially it gives this Great convenience in purchasing Treasury Bills.
Related taxes
One of the biggest advantages of the funds is that they can be maintained, new contributions can be made and transferred to other funds. It has no tax impact unless a refund is made. Of course, as Spanish law states, profits will be taxed at 19% when fully or partially repaid.