The remuneration of deposits is one of the measures with which the European Central Bank (ECB) has been pressuring. However, the measure is slow to be noticed in Spain.
Banks retain the liquidity achieved during years of expansionary policy. Apple has broken into – for the moment, in the US – with a savings account at 4.15% interest. It is one more reason to anticipate a battle for savings that some analysts date in the second half of 2023, when liquidity is needed again.