Financial institutions adjust interest rates on savings products

Financial entities are adjusting interest rates on various savings and remunerated account products to attract new capital.

In the fintech sector, Littio has increased potential rewards for its 90-day Vaults in digital Colombian pesos to 12.5% annually for Littio Pro subscribers, while non-subscribers can access up to 11.5%. The platform also offers 30-day Vaults with rates up to 10% for Pro users and 9% for others, alongside flexible 'Pockets' that offer up to 7% annually.

In the European banking sector, several institutions are competing for new clients. Ferratum is offering a 3.4% annual rate for the first three months for new customers on balances up to 100,000 euros. Bankinter has raised its Digital Account to a 3% TAE, guaranteed until April 30, 2027, for new clients with balances up to 100,000 euros. Additionally, Unicaja has increased its Online Account rate from 1.25% to 2.55% TAE, with remuneration limited to balances of 50,000 euros.