Spanish society is increasingly focused on the future of the economy, inflation, and personal finances. Knowledge is power, and to answer questions and alleviate concerns, the cycle “Easy financing for the domestic economy” is organized by BİLGİ and Banco Sabadell to improve saving capacity and give people greater control over their finances. The digital forums cover topics that matter most today, including mortgages, insurance, savings, investing, and guidance for small businesses and the self-employed. Topics are moderated by the Eastern Region Commercial Director of Banco Sabadell and BİLGİ Club manager Tony Cabot, providing clear, practical insights. [Source: Banco Sabadell and BİLGİ](#)
Yesterday, Friday, October 7, the third and penultimate session of the cycle explored the question “How can I evaluate my savings?” The discussion focused on rising interest rates and the Euribor’s impact on savings. Satorra noted that on July 27 the European Central Bank raised rates, a move not seen in nearly 11 years, and explained that the measure aims to curb inflation. He clarified that interest rates and Euribor move in lockstep, influencing both banks and borrowers. [Background: ECB rate decision and Euribor relation](#)
What is Euribor?
Euribor is the rate at which European banks lend to each other for short periods. When interest rates rise, it typically prompts higher interbank lending costs and can push up loan rates for individuals and businesses. Satorra emphasized that a higher Euribor often translates into higher personal loan costs and mortgage payments. [Euribor overview](#)
Yet the uptick in Euribor and rates is not automatically bad for savers. In previous years, fixed deposits often yielded little to no return. Now, with rate adjustments, modest returns on savings may reappear while maintaining low risk. [Satorra’s perspective on savers](#)
In a climate of inflation, earning some return on savings helps preserve purchasing power. He advised considering investments that can benefit from rising rates, while staying mindful of risk. If rates rise further in the future, savers may enjoy higher yields. [Inflation context and strategy](#)
Mistakes to Avoid in Investing
Before investing, two key questions matter most: how much risk is acceptable and what return is expected; and how long money can remain invested. Short-term, low-risk products typically offer lower returns. [Investor guidance](#)
Consistency is essential. Patience with each investment and adherence to agreed terms are crucial; breaking terms early can reduce profitability. Regular saving, even a small portion of the family’s monthly income, helps build long-term gains. [Saving discipline](#)
The discussion also warned against relying on unsolicited tips. After investing or saving, it is common to hear recommendations that may not be well founded. Decisions should rest on rational analysis rather than impulse. [Rational investment approach](#)
All of these points help readers avoid common investing mistakes and the risk of underperforming or losing capital when risk is not managed. [Risk awareness](#)
Saving Investment Alternatives
The main financial products currently worth considering include traditional deposits and referenced deposits, savings insurance, mutual funds with and without capital guarantees, and retirement plans. [Product landscape](#)
The traditional deposit consists of placing money for a fixed period in exchange for a fixed return. It is risk-free because the capital is guaranteed, but with near-zero returns in a low-rate environment. A referenced deposit ties returns to a benchmark such as indices or commodity prices, and the interest can adjust with market conditions. An example discussed is a two-year plan tied to a stock index, where annual interest adjusts based on performance. If the index rises, returns can increase; if it falls, the rate may stay flat or drop. [Deposit types](#)
With Euribor changes, referenced deposits may offer higher potential returns as rates move. Satorra highlighted that a rising Euribor can reinvigorate the appeal of reference deposits. [Rate dynamics](#)
In insurance, savings plans and income-focused products provide different benefits. Savings-based life policies may be cancellable without penalty, offering a mix of investment and protection. The terms may involve a lump sum or a savings mechanism with a specified duration, and in case of survival, a guaranteed return. In the event of death, beneficiaries receive the accumulated balance plus an additional amount depending on age or cause of death. [Insurance products](#)
Income-focused insurance often includes annuities designed to provide a regular payout after a chosen period or for life. The aim is to ensure that savings do not deplete, supporting financial security for the policyholder and their heirs. [Annuity concepts](#)
Mutual funds allow investment across multiple markets with professional management. They can offer flexibility and potential tax advantages, though they require research and time. Funds managed by professionals help diversify risk and optimize opportunities. With higher interest rates, capital-guaranteed mutual funds are reappearing, offering some protection while seeking growth. [Mutual funds overview](#)
The retirement plan is designed to accumulate capital or provide income at retirement. Contributions and benefits may have specific rules, and there are updates about contributions retaining certain rights starting January 1, 2025. [Retirement planning](#)
The forum examined how to evaluate the tax and profitability advantages of each option and how to select the most suitable path based on individual circumstances. [Personalized planning](#)
The economic cycle organized by BİLGİ and Banco Sabadell is drawing to a close, but the digital forum will continue with ongoing coverage on club.diarioinformacion.com, including discussions on freelancers and businesses. [Event recap](#)