Bankinter Broker Account Types

Bankinter offers a unique Broker Account, which is the only current account that pays interest based on stock trading activities. Customers can earn an annual equivalent rate (AER) of 2% on balances up to €5,000 if they conduct at least 10 trading transactions each quarter. The account does not have any maintenance fees, and interest is paid out quarterly. Additionally, the account guarantees the first interest payment even if the trading requirements are not met.

Other types of accounts available at Bankinter include:

• Digital Account:
• Up to 1.5% AER based on balance tiers:
• 1.01% AER for balances up to €24,999.99
• 1.25% AER for balances between €25,000 and €49,999.99
• 1.5% AER for balances of €50,000 and above
• No fees or conditions required.
• Payroll Account:
• Offers up to 5% APR in the first year, with specific conditions related to salary deposits and direct debit payments.
• Non-Salary Account:
• Similar interest rates to the Payroll Account with different eligibility criteria.

Bankinter Broker Account Opening Process

To open a Bankinter Broker Account, follow these simple steps:

• Request an Account: Fill out the application for both a current account and a securities account in one request.
• Documentation Submission: Send the required documentation via email as requested by Bankinter.
• Receive Access: Once your documentation is processed, you will receive a username and password to access your account.
• Transaction Capability: You can start conducting transactions once the bank confirms your application and you have an available balance.

Important Notes:

• Only one Broker Account is allowed per customer, who must be a private individual residing in Spain.
• The account is not available to Bankinter group employees and agents.
• To qualify for the interest, you must perform at least 10 buy/sell trades each calendar quarter, excluding foreign exchange transactions.

For more information, visit Bankinter Broker.