Interest rejection: These banks offer up to 3.50 % despite the ECB reduction!

Interest rejection: These banks offer up to 3.50 % despite the ECB reduction!

shock for savers! Despite the impending interest rate by the European Central Bank (ECB) on October 17, 2024, which is generally expected by 0.25 percentage points, there are banks that oppose the trend and continue to offer up to 3.50 % interest! While the inflation rate fell to 1.8 % in September, which is below the ECB target of 2 %, there is hope for a more stable monetary policy. The ECB President Christine Lagarde and other influential council members are pushing to reduce interest to boost economic growth.

The current interest rate situation is explosive! The decisive deposit rate in the euro zone was reduced from 3.50 % to 3.25 %. This measure has a direct impact on the interest rates of other loans and systems and could have far -reaching consequences for the financial markets. Lower interest rates are intended to encourage banks to grant more loans to revitalize the economy. But what does that mean for the savers? The message is anything but gratifying! The interest for overnight money and fixed deposits could continue to decrease, which the returns press for savers.

top provider for overnight money

Now it's time to act quickly! Here are the current top 4 overnight money providers with interest guarantee:

• Consorsbank* - 3.50 % interest for the first three months
• OpenBank* - 3.45 % interest for the first three months
• Sures directly bank* - 3.40 % interest for the first five months
• TF Bank* - 3.40 % interest for the first three months

The interest rate decision of the ECB could significantly influence the overnight money offers. Anyone who stays informed and uses attractive new customer offers can make their savings optimally pay for a little longer. Don't miss the best interest rates in our overnight money comparison!