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Consorsbank is offering a promotion for their instant access savings account that provides a 2.4% annual interest rate and a maximum deposit of 1,000,000 euros. Interest is paid quarterly, and the principal can be withdrawn daily. The promotional period lasts for the first six months after opening the account, during which time customers who meet certain requirements may continue to receive a 2.4% annual interest rate. In addition, new account holders can take advantage of a free investment and wealth management account, where they can invest in stocks, funds, and ETFs.
To receive a 2.4% annual interest rate for 12 months, customers must meet one of two requirements during the first four months of opening the account: either set up and actively contribute to a savings plan with a minimum rate of 10 euros, or purchase securities worth at least 1,000 euros.
New customers who deposit at least 10,000 euros eight months after opening the account will receive a 100 euro bonus. This can be achieved either by transferring securities from another bank or by purchasing securities. Savings plan contributions, one-time purchases made through savings plans, and account balances do not count toward the minimum deposit requirement. The bonus will be paid into the account with the lowest account number if there are multiple accounts held with Consorsbank.
To be eligible for the promotion, customers cannot have had an account or security account with Consorsbank within the past six months. The offer is not valid for minors or for customers whose accounts/depots are managed by BNP Paribas Wealth Management – Private Banking.
To open an account, customers simply need to follow three easy steps: apply online, provide verification of their identity either by video chat or at a post office, and log in to start using the account.
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