The collection of monthly or periodic interest has been one of the reasons for the success of deposits where more than half of our savings are in accounts or fixed-term deposits. Savers only had to worry about renewing their deposit at maturity. In case they were not satisfied with the new interest offered by their entity change banks make a transfer contract a fixed term tax more profitable wait for a year or 13 months and collect interest. In the case of deposits or fixed term deposits you must always deduct 19% or 21% of the withholding tax on interest received.
To know our real profitability we must take into account the effect of the price increase that makes our savings lose value. In the years, 2014 and 2015 inflation was negative that is to say due to the effect of the drop in the price of gasoline there was no rise in prices. Since last year the trend is to raise prices again. Continue reading “Get a monthly salary with your savings”
Fixed Term Fixed Income Taxes
Given the question of who gives the best interest rate for the deposit, the financial advisor can answer in two ways. The most profitable 13-month deposit is from the bank, which a saver can see by reading the ranking give an answer that would give a professional financial advisor who is no other to ask questions. What term do you need the money for? How long have you been renovating that deposit? What purpose do you save for deposits? Do you know any other type of financial products?
The most profitable option is to diversify the savings, and invest them in the right products depending on when you will need the money and if you have any specific objective to save. This is what the Bank of Spain and the CNMV tells us in its web of financial information finance for all Diversification is the best way to reduce investment risk. Continue reading “How to get more profitability for our deposits?”
Blacklists where it is believed bulletining people who do not pay their debts on time, do not exist, are a myth. So there are records detailing your credit behavior and in which you are given a rating as good average and bad payer. Both gather information company’s banks and non-financial institutions as departmental stores as well as governmental bodies as water service or report them once a month on the status of your Payments.
Credit Information Companies indicates that you have the right to request your report once a year. This will serve to detect the appearance of credits that you did not request misreported payments or consult your unauthorized history. If you need to check it, more often the extra cost is 36 pesos. Continue reading “Tips to save savings for retirement”