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Yoigo launches the MoneyGo credit card that returns 5 euros per month

Yoigo has presented its new financial services platform focused, for the moment, on consumer financing, although it hopes to offer checking accounts in the future. The operator sells under its new brand, MoneyGo, personal loans from 5.06% APR and a credit card without annual fees that returns 5 euros per month.

The financial product comparison HelpMyCash.com analyzes Yoigo’s new offer and tells us the rest of the news in the financial sector.

Credits and cards

Yoigo has started marketing personal loans to its clients under the MoneyGo brand. Starting this week, the operator’s customers can request between 3,000 and 60,000 euros with a repayment period of between three months and eight years.

They can be requested over the Internet, they have no opening commission and their interest rate is lower than the average, from 5.06% APR. In addition, it is not necessary to change banks or subscribe other products.

Beyond consumer loans, the catalog of financial services provided under the new brand owned by Grupo Más Móvil includes terminal financing, credit cards and, as reported by the company, checking accounts and debit cards soon.

The new MoneyGo card It has no issuance or maintenance fees. It can be used to pay at the end of the month, in installments (19.44% APR) or three, six or twelve months without interest with a formalization commission of 2% or 3% depending on the term (APR from 5.78% ).

New customers who request the card before March 31 and spend at least 200 euros during the first two months, either with deferred payment or at the end of the month, will receive 30 euros as a gift. Also, the card returns five euros per month as long as at least 200 euros a month are spent.

Deposits

Bank System the profitability of your 10-year deposit from 1.32% APR to 1.41%, an interest much higher than that given by the majority of Spanish entities. It can be purchased online through the online supermarket of European savings products Raisin.

At the same time, the Italian entity has reduced the interest on the rest of its fixed terms by up to 0.45 percentage points. After the change, the profitability of your one-year deposit has fallen to 0.30% APR and two years to 0.45% APR. The three-year interest has been reduced to 0.60% APR, to four years to 0.74% APR and to five years, to 0.84% ​​APR.

The entity is protected by the Italian Deposit Guarantee Fund (FGD) and requires a minimum amount of 5,000 euros per tax.

On the other hand, in just one week, Banca Progetto has lowered the profitability of its deposit to one year three times; first, from 0.91% APR to 0.86%, then to 0.80% and now to 0.71%. It admits amounts between 10,000 and 100,000 euros. Those interested can contract the deposit of the Italian entity, protected by the FGD of that country, through Raisin.

Accounts

WiZink he lowered the profitability of his savings account from 0.50% APR to 0.10% in August of last year. However, she decided to respect the conditions of the clients who had already hired her.

Thus, in recent months, they have continued to enjoy 0.50%. However, the entity is communicating to those customers that from next May 1 the profitability of your account will be reduced to 0.20% APR. Despite the snip, it will be double what users who opened the account after August earn.

Openbank has also announced that it will cut the interest on your savings account. As of April 19, the profitability applied to clients who have a payroll or pension of at least 600 euros or three monthly or bimonthly direct debit bills will drop to 0.05% APR, a quarter of what they pay now.

In the case of not meeting the above conditions, the profitability will be 0.01% APR, while now in these cases an interest of 0.05% APR is applied. In addition, as of April only the first 500,000 euros will accrue interest, while now the maximum remunerable balance is up to one million.

More descents. The savings account of the Norwegian bank Brabank, available in Spain through the virtual platform Raisin, has reduced its interest from 0.26% APR to 0.22% APR. The entity limits the maximum amount to 100,000 euros and, unlike Openbank and WiZink, which allow their accounts to be contracted from one euro, Brabank requires a minimum investment of 5,000 euros.

We close the accounts section with the Clara de Abanca Account, which since February 1 does not deliver a credit card to new customers and, in addition, its associated deposit disappears. New account holders, which remains fee-free, will continue to receive a debit card with no annual fees.

Mortgages

Openbank has modified all its mortgage loans: Now it no longer lowers the interest for clients who want to finance less than 70% of the value of the home and applies lower rates than those it applied before to those who needed to finance up to 80% of the purchase.

Thus, the discounted interest of the Open Variable Mortgage has fallen from Euribor plus 0.99% (1.99% fixed the first year) to Euribor plus 0.95% (1.95% fixed the first year).

The one with the Fixed Open Mortgage it has been reduced from 1.50% to 1.30% at 15 years, from 1.60% to 1.40% at 20 years, from 1.65% to 1.45% at 25 years and 1.70% at 1.50% at 30 years.

And that of the Mixed Open Mortgage during the first 10 years (at a fixed rate) has been reduced from 1.55% to 1.45% if the total term is up to 15 years, from 1.70% to 1.60% if it is up to 20 years, from 1.80% to 1.70% if it is up to 25 years and from 1.90% to 1.80% if it is up to 30 years. The one applied as of year 11, on the other hand, remains at Euribor plus 0.49%.

In all cases, Openbank maintains the discount of 0.40 percentage points in exchange for contracting various products or services: 0.30 points for direct debit of the mortgage holder’s income and 0.10 points more if he subscribes his home insurance .

All these changes also apply if your service is used Bring your Mortgage to Openbank, with which it is possible to contract a mortgage loan with this bank to refinance the one you have with another entity. Openbank also now offers to pay all the expenses associated with the registration cancellation of the previous mortgage (before it financed them).

Another notable novelty is that the conditions of two green mortgages have been published. The first is the Liberbank Oxygen Mortgage, which has an interest of Euribor plus 0.68% (1.55% fixed the first two years) subsidized by 1.25 percentage points for direct debit payroll for a minimum value of 3,000 euros, for contracting the home and life insurance of the bank, for using a credit card and for investing in one or more mutual funds.

And the second is the BBVA Efficient House Mortgage, whose interest is between 1% at 15 years and 1.45% at 30 years in exchange for direct debit payroll and take out your home and amortization insurance. To contract these two loans it is essential that the home to be purchased has an energy efficiency certificate A.

To end, MyInvestor mortgages now have a maximum term of up to 30 years (before it was 25 years old). In addition, your Fixed Rate Mortgage Without Backpack now has a new 30-year interest of 1.69%, your Fixed Rate Your Way Mortgage has a new 30-year interest of 1.49% and the interest of your Your Way Mortgage Variable Rate rises from Euribor plus 0.69% (1.59% fixed the first year) to Euribor plus 0.79% (1.69% fixed the first year) due to the reduction of the maximum bonus from 0.20 to 0 , 10 percentage points.

Neither this article, nor its data, nor its multimedia or related content constitute any recommendation or investment strategy. Inversor Ediciones, SLU (including its professionals, collaborators and suppliers) declines any responsibility related to the use that you give to the contents published by Finanzas.com and / or INVERSIÓN magazine.

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