🎯BAJAN los INTERESES! MEJORES Cuentas REMUNERADAS y SOLUCIONES (Guía Completa)

Summary

The video script addresses concerns about managing savings amidst falling interest rates due to central banks' policies. It discusses various options for maintaining attractive interest on savings, including high-interest accounts, money market funds, and fixed-rate bonds. The speaker compares different financial products, such as Trade Republic and Freedom 24, highlighting their interest rates, conditions, and potential benefits or drawbacks. The script also touches on the fiscal advantages of money market funds and strategies for adjusting to the changing financial landscape.

Takeaways

• 😀 Central banks globally are lowering interest rates, which impacts savings and investment returns.
• 🏦 Savings accounts that previously offered 4% returns are reducing rates, reflecting the central banks' adjustments.
• 📉 The Federal Reserve is expected to follow suit with an interest rate cut, which will align it with most other central banks.
• 💰 The script discusses various savings accounts and their current interest rates, including TR Republic, which offers 3.75% annually, paid monthly.
• 📈 TR Republic's interest rate is directly tied to the ECB's deposit rate, and adjustments are quick to reflect rate changes.
• 💡 The video mentions the benefits of money market funds, which may offer tax advantages and a slight delay in reflecting interest rate changes.
• 🌐 Freedom 24, a Cypriot broker, offers daily interest payments based on the Euribor rate, with no maximum deposit limit and immediate withdrawal access.
• 🔒 Money market funds invest in short-term government securities or repos, and their returns may carry currency risk if invested in a foreign currency.
• 📊 The script compares fixed-term deposits and money market funds, highlighting the importance of choosing the right term to avoid penalties.
• 🤔 The video suggests considering long-term fixed-rate bonds as an alternative to adjust to lower interest rates, securing a set return for a fixed period.
• 📝 The presenter emphasizes the importance of understanding the terms and conditions of different financial products to make informed decisions.

Q & A

What is the main concern of the clients regarding their savings as mentioned in the script?

The main concern of the clients is what to do with their savings that were generating a 4% return, given the recent trend of central banks lowering interest rates globally, which is affecting the interest earned on their savings.

How does the script suggest the current global economic situation is affecting interest rates?

The script suggests that there is a global adjustment of interest rates downwards by central banks, with the exception of some like the Bank of Japan, which is moving in the opposite direction. This adjustment is causing a reduction in the interest rates offered on savings accounts.

What is the impact of central banks' interest rate cuts on monetary funds and interest-bearing accounts according to the script?

The impact is that as central banks cut their interest rates, the interest rates on monetary funds and interest-bearing accounts are also likely to decrease, affecting the returns on these accounts.

What is the role of the deposit rate set by the European Central Bank (ECB) in this context?

The deposit rate set by the ECB establishes the interest that the ECB pays to reserves, which banks then pass on to their customers. If the ECB lowers this rate, it is expected that banks will also lower the interest rates they offer to their customers.

How do brokers adjust their interest rates in response to central banks' actions?

Brokers adjust their interest rates based on the rates set by the central banks. If the central bank lowers its rates, brokers may reduce the interest rates they offer to their customers, although some may choose to absorb the change and not pass it on immediately.

What alternatives are suggested in the script for maintaining interest on savings despite central banks lowering interest rates?

The script suggests looking for interest-bearing accounts that still offer attractive rates without conditions or fees, as well as considering long-term savings plans that lock in a fixed interest rate despite fluctuating market rates.

What is TR Republic and how does it relate to the discussion in the script?

TR Republic is a financial service mentioned in the script that offers an interest rate closely tied to the ECB's deposit rate. It adjusts its rates in response to changes by the ECB and offers additional benefits like a free debit card with cashback rewards.

What is the significance of the 'Freedom 24' broker mentioned in the script?

Freedom 24 is a broker from Cyprus that offers interest on savings accounts based on the daily Euribor rate. It is highlighted for its unique feature of daily interest payments and the potential for higher interest rates compared to other options.

How do long-term savings plans work as mentioned in the script?

Long-term savings plans, also known as swaps, are contracts that guarantee a principal amount and an interest payment. They allow investors to fix an interest rate for a set period, such as 3, 6, or 12 months, which is then multiplied by a factor based on the chosen term.

What considerations should be made when choosing between different interest-bearing accounts or brokers as per the script?

Considerations include the current interest rate offered, any fees or commissions, the minimum and maximum amounts that can be deposited, the frequency of interest payments, and the potential tax implications, especially for accounts based in different countries.

What is the script's stance on the use of funds and investment platforms like InvestMe and Revolut in the context of interest rate changes?

The script differentiates between interest-bearing accounts and investment platforms. While platforms like InvestMe offer savings portfolios with a certain interest rate, they are not the same as traditional interest-bearing accounts. Revolut, on the other hand, invests in a money market fund rather than offering an interest-bearing account.