End of Spanish ‘deposit war’ raises hopes for structured products

End of Spanish ‘deposit war’ raises hopes for structured products

Banks competing for savers have left structured products struggling to keep up

As the so-called ‘deposit war' in Spain draws to a close, banks looking for alternatives could boost the Spanish structured products market by as much as 30% this year, according to some estimates.

Spanish savings banks have been battling with each other to offer the most attractive fixed-rate deposits - in some cases one-year deposits with rates of over 4%. This has left structured products struggling to compete at a time when rates are still low.

Many of these deposits are due to expire in

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