Santander renews its mortgage offer to give a boost to the market and already offers mortgages with a differential of 0.79% on euribor to variable rate for operations that finance below 60% of the value of the home. The entity, which will offer these prices both in the Santander and Popular networks, intends to adjust the mortgage offer to the risk profile of each client and each operation in order to respond to the mortgage demand with the most competitive offer in the market.
In an environment in which interest rates have remained negative for more than 24 months, the bank improves its mortgages and, although it maintains the 3% remuneration in its 1I2I3 Account and the bonus of receipts (up to 110 euros per month), it adapts to market conditions by adjusting the maximum limit of the remunerated balance of the account from 6,000 euros to 1,000 euros. The new conditions will apply from December 10 and will be reflected, for the first time, in the liquidation of January 2019.
Thus, the holders of the 1I2I3 Account will continue to benefit from the return of cash between 1% and 3% of the amount of household expenses receipts (water, electricity, telephone), insurance, education expenses (schools, day care centers). , universities), NGOs and spending on local taxes and social insurance. They will also have the benefits of the 1I2I3 cards, such as the withdrawal of free cash with their debit card in the more than 7,500 ATMs in Spain of the Santander and Popular network, and the more than 30,000 Santander ATMs in the world. transfers and income checks without commissions in offices and other channels. Likewise, they will have discounts of 1% in supermarkets, 2% in gasoline, and 3% in purchases made with the card Mi Otra 1I2I3 in online shops and mobile payment (Apple Pay, Samsung Pay, Santander Wallet, Fitbit Pay and Garmin Pay).
The bank advances in the strategy freemium, based on offering the client the possibility of contracting the same product in its two modalities (free without commissions and premium), initiated with the launch of the 1I2I3 Smart Account for young people from 18 to 31 years old and the Professional Account 1l2l3. Both products have had a significant growth in the last year, up to over half a million accounts in the case of 1I2I3 Smart and 140,000 accounts in the case of the Professional. Thus, it will provide the holders of the 1I2I3 Account with the transfer, through any channel, to the Zero 1I2I3 Account, without remuneration or bonus of receipts or other advantages of the premium model, but without account maintenance fees and with debit card. and free transfers.