Here, you'll find the top-notch interest rates for call money.
Call money accounts should provide the highest interest rates, according to financial advisors at FMH-Finanzberatung. However, there are other factors that need to be considered as well when deciding on the best option.
With the potential for interest rate cuts by the European Central Bank, it's crucial for potential call money account holders to keep a close eye on the market. Some banks have already lowered their rates in anticipation of the changes.
If you're searching for a good call money account, take note that the duration of high rates for new customers varies from bank to bank. While many banks are offering attractive interest rates for new customers, the exact details depend on the institution.
When choosing a call money account, it's essential to consider the deposit protection offered. Some banks protect up to five million euros, while others only offer the minimum statutory requirements (100,000 euros). This distinction is particularly important for those storing significant sums. Although banking institutions with extended German deposit protection have less attractive interest rates, the security may outweigh the potential gains.
If you're looking at the top banks for overnight money offers with statutory deposit protection of up to 100,000 euros, you may be surprised to find those with the highest rates at the bottom of the list. The FMH rating prioritized the length of interest rate guarantees, assuming the ECB would make several interest rate cuts during the year.
These five banks received the "very good" rating for overnight money offers with the standard statutory protection of 100,000 euros: Bigbank, Suresse Direkt Bank, Credit Europe Bank, Openbank, and Trade Republic. By switching from the worst to the best provider, you could earn an additional 805 euros (134 euros per month) in six months if you have exactly 100,000 euros to invest. The analysis did not include the lower interest rates of most regional banks, as well as institutions with interest rates below three percent.
Banks with extended German deposit protection are also available. The top-ranking ones include: Santander, Consorsbank, Volkswagen Financial Services, BBBank eG, Raiffeisenbank im Hochtaunus, and Bank 11.
If you're interested in finding the best call money offers, check out the ntv call money calculator.
Read also:
- This will change in December
- Dikes withstand water masses so far - Scholz holds out the prospect of help
- Fireworks and parties ring in 2024 - turn of the year overshadowed by conflicts
- Attacks on ships in the Red Sea: shipping companies avoid important trade route
Source: www.ntv.de
