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”