Frankfurt The majority of Germans have not yet benefited from the change in monetary policy by the European Central Bank (ECB) because the majority of banks and savings banks still do not pay interest on call money. Consumer advocates criticize this just as much as the “Bild” newspaper. The tabloid recently headlined “The big interest mess” – and accused the public savings banks in particular of cheating their customers.
According to the comparison portal Verivox, 353 of the 644 banks examined in Germany currently offer no interest. This corresponds to a share of 55 percent. But the market is moving – at least slowly. Just over two weeks ago, 65 percent of the banks were still not offering call money rates.
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