The remuneration of savings remains one of the great challenges for individuals. In a context where many entities are adjusting their offers and moving away from official rates, some banks are choosing to maintain competitive proposals to attract new customers. This is the case of Bluor Bank, an entity based in Latvia, which has strengthened its position on the European market.
The entity increased the profitability of its 12-month term deposit to 2.7% APR, a movement which contrasts with the general dynamics of the sector and places this product among the most remarkable in its category.
A deposit that waits twelve months
With this update, Bluor Bank matches and slightly outperforms other benchmark products in one year. The improvement from 2.61% to 2.7% APR allows it to directly compete with the consolidated offers of banks specializing in term savings.
In this segment, only certain products with a longer duration manage to offer higher returns. This is the case of certain Belgian entities which exceed 3% APR, even though they require commitments of five or even seven years, a horizon which does not suit all savers profiles.
Security and capital coverage
Bluor Bank’s deposit is covered by the European Deposit Guarantee Scheme, which protects up to 100,000 euros per holder and entity. This support is one of the key elements for investors who prioritize capital preservation in the face of the volatility of other financial products.
Furthermore, contractualization is carried out entirely via the Raisin platform, specialized in European savings products and supervised by the corresponding regulatory bodies.
Flexible terms and no fine print
One of the most important aspects of this filing is the lack of complex requirements. There is no minimum amount required to achieve the announced profitability, which allows you to start from very small amounts.
The maximum amount, as indicated by Finanzas.com, admissible is 100,000 euros, aligned with the guarantee fund coverage limit. As with most term deposits, the capital is frozen until maturity and interest is paid at the end of the contractual period.
How much can you earn in a year
With an investment of 30,000 euros, the gross return after twelve months amounts to 810 euros. If the maximum authorized amount is reached, the interest generated is around 2,700 euros gross.
These figures allow Bluor Bank to position itself as a real alternative to national deposits, which in many cases offer significantly lower returns.
The one and a half year alternative that also stands out
Within its catalog, another proposal that attracts attention is the 18-month deposit of SME Bank, a Lithuanian entity that maintains a constant presence among the best offers on the market.
This product offers a return of 2.72% APR and requires a minimum amount of 10,000 euros. In exchange, it allows you to obtain up to 4,050 euros gross over a period of one and a half years, provided that the maximum invested is reached.
Comparison between deadlines and strategies
The difference in profitability between the deposit of Bluor Bank and that of SME Bank for one year is small, but the first stands out for its accessibility and for the fact that it does not require minimum capital. This feature makes it a particularly interesting option for small and medium savers.
Both products are sold exclusively through Raisin, making it easy to compare and subscribe from a single platform.
A paid account that completes the offer
Beyond deposits, Raisin maintains an active onboarding account for new customers with a profitability of 3.33% APR during the first three months. This is an option for those looking for immediate liquidity without giving up high remuneration.
The account does not impose permanence or capital blocks and accepts deposits ranging from one euro to a maximum of 60,000 euros during the promotional period.
During this first quarter, the customer can obtain up to 500 euros in net interest, which reinforces the attractiveness of the platform as a gateway to European savings at a time when traditional deposits continue to lose importance.
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