The key interest rate has been rising continuously since July 2022. On Thursday the interest rate was raised again by 25 basis points to 4.5 percent. Many savers are wondering how they can benefit from this trend. In this case, C24 Bank’s offer could be just right for you. Until the end of the year, customers can secure an impressive 4.00 percent interest on their daily money – a real market topper!
Everything at a glance:
- C24 Bench* attracts with strong 4.00 percent interest on current account accounts until the end of the year
- Interest is credited monthly, which results in a compound interest effect
- The offer is available for amounts up to 100,000 euros, provided you have a C24 checking account
Interest rate and guarantee period for C24 daily money
C24 Bank customers can look forward to an extremely attractive interest rate of 4.00 percent on their daily money. This interest rate is valid until the end of the year and is available to both new and existing customers. An additional highlight: The interest is credited monthly, which results in a compound interest effect.
Flexibility and availability
A big advantage of C24 Bank’s daily money offering is certainly its flexibility. Customers can access their credit at any time and without restrictions. Thanks to the monthly interest credit, you also benefit from the compound interest effect.
Account opening and fees
In order to benefit from the 4.00 percent interest, you must open a checking account with C24. However, opening an account is uncomplicated and can be done online. There are no account management fees or other costs.
Deposit insurance
Deposits at C24 Bank are protected up to 100,000 euros via the statutory deposit insurance. Savers should note that statutory deposit protection takes into account the sum of all assets that you have with C24 Bank.
Advantages
- C24 Bank’s current account offers a top interest rate of 4.00 percent until the end of the year.
- The monthly interest credit offers the advantage of the compound interest effect.
- The offer applies to both new and existing customers.
Disadvantages
- In order to benefit from the top interest rates, you must open a checking account with C24 Bank.
- After the promotional period ends, the interest rate is reduced to currently 2.00 percent.
Conclusion
C24 Bank’s daily money offering is currently setting standards. With 4.00 percent interest until the end of the year and monthly interest credits, it puts many competing products in the shade. The only downer: the need to open a checking account with C24 Bank and the falling interest rate after the promotional period. Nevertheless, anyone looking for an attractive short-term investment opportunity should consider this offer. Our recommendation: Compare this offer with other current account accounts to make the best decision for your investment.
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