Experts assume that interest rates have probably reached their peak following the European Central Bank’s latest interest rate hike.
(Photo: Imago/Westend61)
Munich Actually, the latest interest rate hike by the European Central Bank (ECB) should make savers euphoric. Ultimately, the key interest rates set the direction for overnight and fixed-term deposit interest rates. After the tenth interest rate increase in a row, savings interest rates are likely to continue to rise.
Because: The banks are still “very hungry for customer money,” as Oliver Maier, managing director of the comparison portal Verivox, explains. The latest example: From now on, the neobroker Trade Republic also offers four percent daily money for new and existing customers.
For many savers, switching to a fixed-term deposit could still make sense. This investment method promises attractive conditions, especially in the long term. Experts recommend that anyone who has put aside capital should commit to it for a longer period of time.
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