Indexa and A&G Banco launch a remunerated account linked to ECB interest rates.

The asset management firm Indexa Capital has partnered with A&G Banco to launch a remunerated account that offers interest linked to the rates set by the European Central Bank, the firm announced in a statement Wednesday.

The interest offered by Indexa is the deposit facility rate minus half a percentage point. This rate is currently set at 2%, so the account remunerates savings at 1.5% .

Indexa 's co-CEO, Unai Ansejo, emphasized that the bank's goal is to raise €500 million with this product in just under four years.

The account is available to individuals residing in Spain, adults up to 85 years of age, who are not already A&G Banco customers for technical reasons. Interest is calculated on the daily balance and paid quarterly. Cash deposits, check deposits, and direct debit payments are not permitted .

The minimum investment is €20,000 and the maximum is €450,000. Indexa emphasized that there are no fees, permanence conditions, or ties to other products. As this is a bank account and not a brokerage account, it is covered by the Deposit Guarantee Fund. The account allows partial or full withdrawals within one business day.

Indexa acts as a banking partner and handles all customer relations. A&G Banco, the depository institution, will not communicate with clients or offer additional products, according to the asset manager. For this service, Indexa receives an annual fee of 0.25% of the average balance, paid by the bank.