{"id":52109,"date":"2024-09-26T17:00:00","date_gmt":"2024-09-26T15:00:00","guid":{"rendered":"https:\/\/www.11onze.cat\/?p=52109"},"modified":"2024-09-26T17:01:11","modified_gmt":"2024-09-26T15:01:11","slug":"litigation-funding-time-make-money","status":"publish","type":"post","link":"https:\/\/www.11onze.cat\/en\/magazine\/litigation-funding-time-make-money\/","title":{"rendered":"Litigation Funding: it’s time to make money!"},"content":{"rendered":"
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After the latest ECB rate cut, Spanish banks have reduced even further the already low returns they offer on deposits, which barely compensate for inflation. We offer you an alternative that triples the yields of a fixed-term deposit.<\/b><\/h3>\n

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After almost a decade of zero interest rates, <\/span>the returns on Spanish bank deposits are still at an all-time low and <\/b>25%<\/b><\/a> below the European average<\/b>. The banking sector continues to fail in offering deposits with interest rates that compensate for inflation to its customers, who do not see an improvement in savings remuneration.<\/span><\/p>\n

Although at the beginning of September the European Central Bank (ECB) cut interest rates by 25 basis points, reducing the reference rate by a quarter of a point to 3.5%, <\/span>banks have cut the remuneration of deposits to protect or increase their profits<\/b>. The best Spanish banks’ fixed-term deposits offer interest rates of up to 3.6% for a one-year term, while the average yield is 2.4%, compared to the 3.2% offered by European banks.<\/span><\/p>\n

With this low remuneration for their savings offered by large banks and the collapse of Treasury bills in the latest auctions,<\/span> customers see their alternatives for obtaining a good return on their savings reduced<\/b>. Even so, there are still other options that allow us to more than compensate for inflation and protect our savings.<\/span><\/p>\n\n <\/div>\n <\/div>\n <\/div>\n<\/div>\n\n\n

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