Banks respond to the European Central Bank’s decision somewhat surprising – but the current economic situation according to – seknte the European Central Bank (ECB) today the European interest rate to the lowest level for 5 years lowered. With only 2.0 percent interest – so the last five and a half years ago was how deep these today adjusted and thus 0.5 percentage points lower. Banks like Norisbank or 1822 directly, customers attracted the long time with excellent conditions, have already on that preceded the ECB interest rate reductions responding and for example have already lowered their interest rates on money market accounts at the beginning of the year 2009. The Norisbank to your top 3 day cash account interest rate still at 4.1 percent in December. Presented in January, your product with 3.75 percentage points.
The 1822 directly lowered last your day money product to 3.50% interest p.a. (inclusive guaranteed interest rate surcharge of 0.50% p.a. until February 28, 2009). One bank responding most credit Europe placed in the top places of the day money comparisons as of January 16, 2009 on the ECB’s interest rate cut. For the first time, the Bank also lowers the conditions for long term investment in the deposit area.
The downward trend is clear. It is however exciting how the market will develop the next few weeks. Finanzfragen.de reported that car banks such as the Mercedes-Benz Bank have even increased their conditions recently on the money of the day! Now you can secure therefore still “high” interest rates.
