How the development of Spanish savings banks
War continues liabilities between banks and Spanish savings banks. If yesterday we were telling them that Cava Madrid has entered the fray with a new store that offers 3.75% with the injection of new money (the cost can raise to 4% with direct debit and payroll receipts and contractions of insurance or pension plan), now published in Expansion People cover that has broken the market with a 4.5% deposit.
The paper explains that the profitability is higher than that of all the products sold today, adding that the bank intends to keep this job for a short period to raise money again.
This new product, available through all branches of the group, does not require any type of relationship and be open to customer’s increases current position as at the entrance of new customers. The bank has no plan to do this job ad campaign, which requires no minimum contribution but sets a limit, set at one million euros.