Bankinter reactivates its Digital Account with a yield of up to 2.50% AER and no limit on the interest-bearing balance for new customers.

Bankinter today launched a promotion its Digital Account, which yields up to 2.50% AER. Aimed exclusively at new customers, the promotion runs until 1 September.

The Digital Account can only be opened through the Bank's website and the app. One of its distinctive features, in addition to the yield offered, is that there is no maximum limit for the interest-bearing balance.

Furthermore, it is a current account with no maintenance fee and it offers access to a credit card with no issuance or maintenance fee. Plus, customers can withdraw cash without a fee at more than 17,000 ATMs in Spain, thanks to the agreements signed by Bankinter with various financial institutions,

and there is no requirement to direct deposit their salary, set up direct debits for bills, activate Bizum or arrange any other product. Unlike deposits, there is no loss or reduction of the interest when customers withdraw money from the account as the product offers complete liquidity.

There are three tranches: from 1 euro to 25,000 euros, interest is paid at 2% AER, while balances 25,000 and 49,999 euros yield 2.25% AER. For balances of 50,000 euros and above, the account yields 2.50% AER with no limit on the interest-bearing balance. Interest is paid monthly into the same account.

The Bank has launched a campaign called “This summer's NO STRINGS account” (no fees, no requirements, no limit on the interest-bearing balance) to boost the new offer and is promoting it widely across digital spaces.

Increasing customer acquisition

The Digital Account, developed in March 2023, is expected to become one of the levers for customer acquisition. It complements Bankinter's wide range of interest-bearing accounts as well as the Smart Digital Account that the Bank launched in March this year, inspired by the EVO Smart Account.