Mutual funds see interest from savers
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Banks are attempting to provide alternative solutions for clients frustrated by stagnant interest rates on deposits. They are, therefore, directing them to mutual funds of predetermined duration (target maturity), with a very low or minimal starting amount, even 100 euros.
Products in this category have a maturity of between 18 months and five years - from two or three years - and have raised close to €6 billion since the beginning of 2023, an amount that has come from simple deposits looking for better returns - in total between 4%-5% for two-year durations, confirming that there is money there and that how it performs is important to bank clients.
For the most skeptical savers, banks offer combinations of time deposits and mutual funds, so as to attract even the most wary of investment risk. The products in this category require a larger registration amount - from ...
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