Find the highest fixed-term deposit interest rates here.
What banks in the European Union offer the best deals for fixed term deposits currently? Which banks provide the greatest safety for your savings? And what are the recommended investment periods in the current climate? The experts at FMH-Finanzberatung have the answers.
If you're planning to invest your money for a longer period, it's important to consider more than just interest rates. It's crucial to choose a bank that also offers solid deposit protection. This isn't a guaranteed combination, as the offers from banks within the EU can vary greatly - both in terms of potential returns and security.
To help potential investors choose wisely, FMH-Finanzberatung has not only researched where customers can find the best interest rates for one, two, and three-year investments. They also considered the credit ratings of the countries by Moody's in their assessment. As a result, banks with high interest rates but poor deposit protection are absent from the top 10.
All countries were taken into account. However, deposit security often played a significant role in the ranking, given the manageable time differences.
German banks not leading in fixed-term deposit interest rates
A quick glance at the fixed-term deposit comparison on ntv.de reveals that most top positions for smaller investments are occupied by foreign banks. German banks appear only when significant sums are involved. The reason? Foreign banks typically limit their maximum investment amount to the statutory deposit protection of 100,000 euros, while German banks often offer additional protection of up to five million euros per customer.
It's also notable that interest rates are currently often higher for shorter investment periods than for longer ones. This is due to the expectation that interest rates will fall again in the medium term. Therefore, it might be worth accepting a slightly lower interest rate and being guaranteed it for a longer period.
For investment periods of five years and longer, customers should pay even more attention to deposit protection than with shorter fixed terms.
Fixed-term deposit interest rates: Sweden and the Netherlands lead the way
In this evaluation by FMH-Finanzberatung, four banks received the highest rating of "very good," meaning they offer a perfect combination of security and return. They are Klarna from Sweden, LeasePlan Bank from the Netherlands, and Yapi Kredit Bank, also from the Netherlands. In addition, the broker Weltsparen is nearly always among the top providers with 53 possible offers - in this evaluation, with a Swedish bank offer.
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- The ECB, as the European Central Bank, has a role in monitoring inflation rates and setting interest rates within the EU, which can impact the return on fixed-term deposits.
- As an advisor, FMH-Finanzberatung recommends considering both interest rates and deposit protection when choosing a bank for a fixed-term deposit, as the safety of your assets is crucial.
- Some banks in the EU offer call money savings accounts with flexible terms, which can be an alternative to fixed-term deposits for those seeking liquidity or wanting to respond to changes in interest rates.
- Financial investments, such as stocks or bonds, may provide higher returns than fixed-term deposits over the long term but also come with higher risk, requiring careful consideration of your financial goals and risk tolerance.
Source: www.ntv.de
