Despite the key interest rate, there are still ways to benefit from saving. Although the conditions for daily and fixed deposits could deteriorate, some institutes continue to offer attractive interest rates. We show you the banks with the best conditions and what you should pay attention to when choosing.
The key interest rate is the interest rate to which banks can borrow money from the central bank. A reduction in the key interest rate generally means that interest rates for savings products such as overnight money and fixed deposits also decrease. As a result, savers can achieve fewer yields for their deposit. However, bank yields are not exclusively dependent on the key interest rate. Different banks react differently to interest reductions and therefore offer different interest rates depending on the strategy and market position.
Current leader at overnight money
Despite the general Interest rate There are still banks that are characterized by competitive offers. Some banks offer new customers attractive bonuses or higher entry interest rates for a limited time. It is important to check the interest rates after the introductory phase has expired, as they often decrease significantly.
Consorsbank*: Offers a starting interest rate of 3.15 % PA for the first three months plus 40 euros start bonus for new customers.
Sureesse directly bank*: Addressed savers with an exclusive interest rate for new customers of 3.05 % for the first four months.
TF Bank*: Also offers a special interest rate of 3.05 % PA for the first three months for new customers.
Properties and tips on fixed deposits accounts
Fixed deposits are generally less affected by key interest fluctuations than call money accounts, since the interest is fixed for the selected term. This makes them interesting, especially in interest reduction phases. It is important to choose the term wisely in order not to be excluded from potential later interest rate increases.
– Compare the interest rates for different terms and choose according to your liquidity needs.
– Please note possible punishments or fees if you have to access your credit prematurely.
– Check the bank’s solvency, especially if the interest seems excessively high.
Current top offers for fixed deposits:
Ca consumer finance*: Offers 2.75 % PA for a term of 9 to 24 months.
Bank of Scotland*: Pay 2.4 % PA for a term of 3 months.
SWK Bank*: Lures with 2.25 % PA at an investment time of 6 to 12 months.
Practical tips for maximizing your savings interest
– Find out regularly about current interest offers.
– Use new customer offers in a targeted manner and note the conditions.
– Spread your capital over different forms of investment.
– Pay attention to the provider and its economy.
– be flexible and adaptable to changes in the interest landscape.
Conclusion – Is the system still going into call money and fixed deposits?
Even after a key interest rate, savers with the appropriate products and a clever investment strategy can continue to achieve earnings from their savings. The key is to check the offer regularly, to be flexible and to use the best conditions. Despite the lower interest rate level, overnight money and fixed deposits remain sensible options in order to achieve short -term savings goals or diversify your own investment structure.
*That means the asterisk: our news is objectively researched and created independently. So that our information is available free of charge, clicks are sometimes remunerated on links. We characterize these so -called affiliate links with an asterisk. Finance.net GmbH receives money, but never the author individually when readers click on such a link or conclude a contract with the provider. Whether finance.net GmbH receives a remuneration and to what extent has no influence on the product recommendations.
This text serves exclusively for information purposes and does not represent an investment recommendation. Finance.net GmbH excludes any regress entitlements. Authors, editors and the quoted sources are not liable for any losses caused by the purchase or sale of the securities or financial products mentioned in the articles.