Cajamar: No fees with a EUR 1,200+ payroll or EUR 20,000+ in balances, otherwise EUR 20 a month; 2.02% TAE up to EUR 20,000
Cuenta Nómina
Net value, first year
-€240
#17 of 17 in this goal
Value per month of commitment
n/a
Commitment: None
Reward
FeesWaived
Terms
- Reward
- No administration or maintenance fee when one condition is met; pays 2.02% TAE (2.00% TIN) on up to EUR 20,000; free cash with a debit card at 1,000+ Grupo Cajamar ATMs; payroll advance available.
- Rate
- 2.02% TAE, on the first €20,000
- Requirements
- Income of €1,200/month or more
- To avoid the fee: domicile a payroll of EUR 1,200+ OR hold more than EUR 20,000 in account, deposits or financial markets with Cajamar
- Fees
- €20/month. EUR 20 a month if neither condition is met (TAE -3.93% on a EUR 6,000 balance); EUR 0 when the condition is met
- Penalty
- None stated
- Eligibility
- Residents only: Unknown
- NIE or TIE accepted: Unknown
- Open to non-residents: Unknown
- Valid until
- No end date stated
- Checked
- (today, confirmed by the bank)
- Notes
- Balance above EUR 20,000 earns no interest. The 2.02% rate has no stated end date. Payroll bonus for this account: cajamar-salary-cuenta-nomina.
How the value is built
| Line | EUR |
|---|---|
| Fee waiver EUR 0 | €0.00 |
| Fees, first 12 months | -€240.00 |
| Net value, first year | -€240.00 |
Default profile: gifts at 80% of retail, a balance of €10,000. Change them in the search filters. Methodology
Catches
- reward value unknown
- needs income of at least EUR 1200 a month
Compare with
- Banco MediolanumCurrent account free if EUR 700+/month arrives or EUR 3,000+ is in managed products, otherwise EUR 5/month-€9.37 net in the first year
- ABANCAEveryday account with no maintenance fee if used digitally, free debit card€0 net in the first year
- B100Online account with no fees and no conditions, no payroll or direct debits required€0 net in the first year
Not financial advice. Terms change: read the bank's page before you sign.