Madrid, Spain, January 14, 2016 --(PR.com
)-- Ministry of Education, Culture and Sports of Spain (MECD), has signed an agreement between workers and the US financial company, Financial Hills Latin America, (www.financialhills.com) in which, every Spanish employee in MECD can open a CD (certificate of deposit or plazo fijo in Spanish) with Financial Hills and access, at a preferential rate, a 12 month contract. The Spanish government, through the MECD, equals the figure that the employee puts forth.
Its that simple: if an MECD employee places 5,000 Euros in its CD, the spanish government provides another 5,000 Euros, for a total of 10,000 Euros in a 12 month contract and an agreed benchmark rate.
Under this agreement, the employee may only withdraw their money plus interest earned at the end of the term or contract. The Spanish government may withdraw the support given to the employee only at the end of the contract.
In this way it hopes to help the worker to earn a little interest and the government does not lose its contributed capital.
"We hope to replicate this type of agreement in other institutions in Spain and why not, in other Latin American countries," he told this portal news the CEO of Financial Hills, who came to this city to sign the contract. www.financialhills.com