to die european In early June, the Central Bank (ECB) loosened the interest rate screws for the first time in five years and reduced its historically high key interest rates by 0.25 percentage points. Save account, overdraft»>The key central rate at which commercial banks can borrow money from the European Central Bank is now 4.25 percent, and the deposit rate that applies to savers now falls to 3.75 percent.
“Several banks that pay particularly high daily rates compared to the market have also adjusted their conditions for savers following the European Central Bank’s key rate cut,” said Oliver Mayer, CEO of Verivox Finanzvergleich. Comparison portal rated exclusively online for FOCUS, where savers can now spend money daily allowance or Fixed deposit to receive
The expert’s conclusion. “Margins for the best providers are sometimes calculated so tightly that lending institutions have had to react quickly to changing market conditions and reduce interest rates for their customers accordingly.”
However, the development of term deposits remains unchanged. Savers can now take advantage of it.
Where now you get high interest rates for fixed term deposit
Fixed term deposit offerings currently offer attractive interest rates to savers looking for safe yet profitable investment options. The 24-month offerings in particular offer solid returns that are well above the average of recent years.
Anyone who invests their money in the general market for two years can currently earn up to 3.66 percent in the overall market. Top suppliers currently shipping Haltong Bank From Portugal and SME bank in Lithuania (3.65 percent). Under these terms, €10,000 generates a total of €743 in interest over the entire term.
A one-year term deposit can also earn up to 3.66 percent interest. Banks with deposit insurance and located in Germany offer up to 3.45 percent for two-year term deposits (eg. Cronbank) and up to 3.6 percent for one-year deposits (eg. isbank: based in Frankfurt but only in relation to the checking account).
Where you now get high interest on everyday money
Savers who want to get their money quickly, such as investing in a new car, a new heating system, a vacation or even a home, often choose a checking account. But! Among the leading banks, several institutions cut their overnight rates following the ECB’s rate decision earlier in the month.
Trade Republic: remains the leader in overnight cash offers of 3.75 per cent, available daily for both new and existing customers. It FCM Bank Malta is next in the overall market with 3.58 percent. It Liechtensteinische Landesbank (will be) offers 3.55 percent.
The interest rates of financial institutions with German deposit insurance are significantly lower. The statutory compensation requirement for deposits is generally a maximum of €100,000. The best daily money offer is provided akbank (Ashbourne) by 3.05 percent Chief Civil Servants Bankto die BMW bank (Munich) that GEFA Bank (Wuppertal), i Merkur Private Bank: (Munich) and Environment Bank (Nuremberg) by three percent.
Tempting offers for daily money bring up to 3.8 percent.
If you want to get more from your current account, you should pay more attention to interest rate offers. As the current assessment shows, there are profitable conditions, especially for new customers. to die so-called offers of temptation However, banks require careful market observation to be able to react quickly to changes in interest rates. In the next few weeks and months, they could Interest payments for Loans: of any kind.
- They offer the best deal Open bank 3.8 percent and based in Spain. New customers receive the promotional rate for six months. A variable interest rate then applies, currently at a regular nominal rate of 2.8 percent. A prerequisite for the offer is that you have a current account with the bank.
- the time Buk (Top Rating) Customers in the Netherlands receive 3.76 percent. New customers receive a promotional rate for four months. After that, there’s a variable rate with a typical nominal rate of just 1.56 percent. However, according to Verivox, a maximum of two free withdrawals per month is possible.
- You are being offered an interest rate of 3.75 percent Bigbank (Estonia), i Consorsbank (Top-Rating), to die DHB: Bank (Netherlands) and TF: Bank (Sweden). However, the offers are only valid for a limited period of a few months. After that, the rate drops rapidly, and in most cases even by half.