Bankinter extends its interest-bearing Digital Account offer until 11 May, providing up to 2% AER for new customers.

Bankinter has strengthened its digital customer acquisition strategy by continuing the “Digital Account” offer for another three weeks until 11 May, enabling new customers to obtain up to 2% AER. The move extends the interest rate offer launched last March when the Bank raised the previous 1.50% AER to the new 2% AER.

The current offer is only for new customers, who can apply for it through the Bank's digital channels (website and app).

In March Bankinter decided to eliminate the intermediate balance tiers, making any amount up to a maximum of €50,000 eligible to earn interest, which is paid monthly. For example, a balance of €50,000 in the account would earn a gross annual amount of €990 at an AER of 2% calculated for one year, meaning €82.50 per month. For a balance of €10,000, the gross annual amount would be €198 or €16.50 per month.

The Digital Account has no maintenance fee and no requirements, such as depositing a salary or setting up direct deposits for bills. It is also a product with full liquidity as customers do not have to maintain the account for a minimum period of time.

Plus, the account comes with a debit card that has no issuance or maintenance fees and allows free cash withdrawals at more than 17,000 ATMs across Spain, under agreements that Bankinter has signed with various networks and financial institutions.

In the last three years, the Digital Account has become a cornerstone of Bankinter's customer acquisition through digital channels. For example, last year it was the entry point for most new customers in the Digital Organisation, the area that manages digital acquisition.