Frankfurt The German direct banks are again campaigning aggressively for deposits from customers and are raising overnight interest rates. The DKB raises the interest rate in April from the current 0.4 percent to one percent per year. The new interest rate applies to new and existing call money accounts, the DKB explained to the Handelsblatt.
Commerzbank and its online subsidiary Comdirect increased their deposit rates on call money on Wednesday. At Commerzbank, the interest rate increases from 0.25 to 0.4 percent, at Comdirect from 0.3 to 0.5 percent. Unlimited investments are also possible here.
Commerzbank and Comdirect together have almost eleven million private customers. ING, in turn, has already announced that it will pay its existing customers 0.6 percent on overnight money from next Wednesday. So far it’s 0.3 percent. She sees “good chances” of continuing the rate hikes.
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