The maximum amount of money you should have in your bank account, according to the OCU
Today having a bank account is essential, in many cases it is the place where we can receive payroll or even have some regular payments domiciled, such as basic household services or even subscriptions to platforms. This financial product is undoubtedly a basic in our day to day life, but, as experts often point out, this money is stopped and does not generate greater benefits.
For that reason, from the Organization of Consumers and Users (OCU) they have warned of the maximum amount customers should have in their accounts streams for higher profitability. As they have explained in their own Webthere is an approximate amount of balance that is convenient to have in this space to have greater financial peace of mind.
This strategy proposed by the organization will not only allow for a better personal economyyou can also increase long-term savings and prevent money from being stuck in the bank without obtaining a real return.
Savings based on your salary
The normal thing is that in your main bank account receive all the payroll of your work or benefits related to unemployment, pension or other similar. Depending on the monthly expenses you have each month, this balance may increase, but the truth is that it is not the best way to do it. In this account, according to the consumer organization, users should have at most the money corresponding to three months of salary.
If we take the minimum interprofessional salary (SMI), this will be about 3,000 euros. They call this concept liquidity reserve, that is, money that you can use at any time when you need cash or get hold of for possible emergencies. However, the disadvantage of having little money is staying in the red and having to pay the corresponding commissions to the bank, so it is advisable to check this balance often to avoid this situation.
Where to save the money?
what will we do with the money we want to save? There are different types of financial products that will help us get more out of it, it all depends on the period in which we are going to use that amount. For situations to short term, “that is, for the money that you can do without for a period of 12 months, you can invest in a deposit for a term of one year,” they point out. Before hiring one, it is important know well the conditions and possible commissions if we withdraw the money in advance.
On the contrary, when we want save more in the long run, “the money that we do not plan to touch in the next five or ten years, you can obtain a little more profitability, knowing that there will be seasons in which you suffer some losses”, marks the OCU. Likewise, if these savings are greater than 100,000 euros both in current accounts and in deposits, it is important to distribute them among different banks, since all amounts greater than this figure, in case of bankruptcy, they will not be covered by the Deposit Guarantee Fund and, therefore, they will not be able to return it to you.
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