Business · Companies · 2 hrs ago
Arquia Banca offers 3% on a 12-month deposit
Arquia Banca is offering 3% annual equivalent interest on a 12-month deposit in Spain.
The offer is aimed at bringing in savings transferred from other financial institutions, and customers can apply until October 30.
Deposits must be between €10,000 and €200,000, with interest paid when the term ends.
Customers cannot withdraw part of the money, and cancelling the whole deposit means losing all interest.
Spain’s deposit guarantee scheme covers up to €100,000 per customer at Arquia.
Several banks are competing with similar or higher rates: EBN Banco offers 3.10%, while MyInvestor, WiZink and Pibank offer 3%.
Banks are raising savings rates as the European Central Bank approaches a meeting where it could raise its main interest rates by 0.25 percentage points to 2.75%.
Arquia Banca has relaunched a 12-month deposit offering an annual equivalent rate of 3%.
The offer is available until 30 October and is limited to money transferred from other financial institutions.
Customers can deposit between €10,000 and €200,000, with interest paid at maturity.
The deposit cannot be partially cancelled, and full cancellation reduces the return to 0% from the start.
The offer places Arquia among the leading domestic providers for one-year deposit rates, according to Expansión.
- Who
- Arquia Banca, a financial services firm serving professional profiles.
- What
- It relaunched its 12-month Welcome Deposit at a 3% annual equivalent rate.
- When
- The offer is available until 30 October 2026.
- Where
- Spain.
- Why
- To continue increasing the funds it attracts.
This story does not have two clearly opposing sides.
Arquia Banca relaunched its 12-month Welcome Deposit, according to the article published the following day.
The subscription period for the deposit ends.
The European Central Bank is due to meet; a 25-basis-point rate rise to 2.75% is described as a possibility.
- Interest rate
- 3% annual equivalent rate
- Term
- 12 months
- Minimum deposit
- €10,000
- Maximum deposit
- €200,000
- Subscription deadline
- 30 October 2026
- Deposit guarantee
- Up to €100,000 per holder under Spain’s deposit guarantee fund