German Tech group of companies involved for now: these are the best interest rate deals in Europe

Wirecard has made his promise come true, and interest is paid on credit balance on his Banking App "Boon.Planet“ from now on, with 0.75 percent per year. There

German Tech group of companies involved for now: these are the best interest rate deals in Europe

Wirecard has made his promise come true, and interest is paid on credit balance on his Banking App "Boon.Planet“ from now on, with 0.75 percent per year. There is a small limitation applies only to deposits are limited to € 10,000, anything above that will not bear interest.

However, Boon is clearly in Europe in the interest of freely available money on the top position. The interest rates will even be credited on a monthly basis, as from the description of the terms and conditions of the Boon-Homepage shows.

Wirecard even speaks of 1.0 percent

The tempting offer is part of a large-scale Wirecard attack on classic banks. You can afford, the interest rate in the future, to 1.0 percent raise, was threatened with the payment service provider from Aschheim near Munich last year. In addition, consumers should be able to in addition to the interest-bearing checking account also loans on the App to record or insurance. With FOCUS Online, the best current accounts (display) current account comparison 2020: find The best account

German banks do not offer even half of

as the interest rate, Boon proposes to compare the competition to lengths. For comparison: The best deals of German banks don't even reach the half of the Wirecard interest rate. The Akbank and Cosmo directly at the best cut in a current analysis of the comparison portal Verivox for FOCUS Online. Both offer a 0.31 percent interest and the German Deposit protection.

However, there is between the two Offered clear differences. So one Million Euro as the interest rate of Akbank maximum contribution possible, in the case of the Cosmo directly, there are only 25,000 euros. Just like in the case of Wirecard overlying deposits do not bear interest. Akbank is also a member of the Deposit protection Fund of the Federal Association of German banks, and guarantees their savings in full (up to the maximum contribution).

Here you can find the best listings for money market accounts: With FOCUS Online money indicator) compare (a daily allowance comparison in 2020: Here are the Top interest rates

secure the Best interest rates with Deposit insurance in a country with a Top credit rating

With Offers from Scandinavia and Luxembourg, you can beat these values, without compromising on the protection of deposits of a country with a Top credit rating. With 0.45 per cent of the TF Bank from Sweden offers the most. In Sweden, deposits are protected up to a limit of 950,000 Swedish crowns per Bank and the customer by the statutory Deposit protection scheme. At the current exchange rate the equivalent of about 90,000 euros equivalent to.

Behind it will follow, each with 0.35 per cent, Hoist Finance , Nordax Bank and Resurs Bank (all from Sweden), the BRAbank from Norway, and Luxembourg East West Directly .

Who is willing to waive the Deposit insurance of a country with a Top credit rating, in Bulgaria, the best interest rates: With 0.55 per cent in the Fibank hits the market, full competition in the European total.

The Deposit insurance: is your money in banks abroad in the EU

Bank deposits – so money on the day money, fixed and current accounts and savings deposits and savings bonds are protected within the EU, up to an amount of EUR 100,000 per customer and the Bank by law. However, each country has its own backup systems in the event of a Bank failure. Here, the following applies: is the worse the credit rating of a state, the higher the probability that these systems are not functioning. In Germany there are in addition to the statutory Deposit insurance in addition to voluntary backup systems. You should ensure that customers receive a Bank failure, higher amounts or even your full money back. A systemic crisis should cover the entire banking sector, is likely to meet the Deposit protection in each EU country to their limits.

Other institutions can only keep up with limited period promotional interest rates: The Ferratum Bank (Malta) is guaranteed to 0.6 percent for six months. Then a variable rate of interest is provided in view of the current nominal interest rate is 0.4 percent. The Renault Bank directly (France) guaranteed 0.45 percent for three months, followed by a variable interest rate (current nominal interest rate: 0.25 per cent).

Significantly higher interest rates when money

Significantly better interest rates are possible, of course, if you invest your money. The best interest rates savers earn Verivox, according to the two – year fixed money, in turn, in countries where the Top rating is missing. The Banca Progetto and Solution Bank from Italy (1.25%) top rider in the overall market are up to date. Just behind the Haitong Bank (Portugal) Alpha Bank (Romania) and the Privatbanka (Slovakia) to wait the two-year fixed money with Top-Offers: you pay interest on credit balances, each with 1.2 percent.

German banks and the countries with the Top credit rating

In Germany, search savers, such interest to be in vain. The Akf as the best Bank with the German Deposit guarantee creates with 0.75 per cent on two-year fixed money is just the value of the Wirecard offers for his checking account. 0.7% offer the Akbank (one Million Euro is fully hedged to a maximum contribution) and the Varengold Bank.

Here, you can compare the offers for the money: With FOCUS Online, the best money provider to find (display) To the current fixed-term Deposit comparison!

at Least a 1 in front of the comma creates a Close Brothers Savings from the United Kingdom (1.0 per cent). There, your money is also protected by the Deposit insurance of a state with a Top credit rating. The protection ceiling of the British Deposit protection is 85,000 pounds. At the current exchange rate the equivalent of around 100,000 Euro. A relatively good interest rate (0.95 per cent) also offers the East West Directly from Luxembourg.

you might also be interested in: the historian: "negative interest rates are an inevitable consequence of the story"

Best interest rates for a one-year fixed Deposit

As much as you get, however, the Klarna Bank from Sweden with only a one-year term. Your money is protected by Deposit insurance in a country with a Top credit rating. In Germany, the Akbank (0.61 percent) and the Akf (of 0.6%) is followed again.

Romanian Alpha Bank (1.05%) offers the best interest rates in the overall market – some risk included. This will be followed with 1.0 per cent:

  • Haitong Bank (Portugal)
  • CBL Bank (Latvia)
  • Solution Bank (Italy)
  • FCA Bank (Italy)
Best interest rates on fixed deposits for six months

Finally, the Overview of the best Offers in a fixed Deposit with a maturity of six months:

  • Best interest rates in the overall market: Ferratum Bank (Malta) and Banca Farmafactoring (Italy), with 0.9%
  • Best interest rates with Deposit insurance in a country with a Top credit rating: the Klarna Bank (Sweden) with 0.8%
  • Best interest rates with the German Deposit guarantee: Akf (0.45 per cent)
real rate of return only with a significantly longer duration possible

One thing is clear: no single one of the current offers, you can reach a coupon that may be Inflation. For comparison: last year the Inflation in Germany amounted to an average of 1.4 percent. With other words: the assets in the account are under acute threat of loss of value.

How do I put 20,000 euros? Our PDF guide shows you how to create your capital, despite mini-interest in a profitable way and an expensive Fall deal.To the PDF guide

A real rate of return in any case, money is itself fixed, if at all, only at much longer maturities possible. Experts do not recommend this way however. Because the interest rates should tighten in the next few years, would probably put a large part of the assets in long-term facilities.

In the case of shares higher return

waving unequal Instead, savers should think about Alternatives to classic interest-rate products, recommends Verivox-managing Director Oliver Maier. Such an Investment in the shares. "In the long-term risks," says Maier put into perspective. "Anyone who invests in the 30 default values of the Dax and its shares for at least 15 years has kept, was never in the Minus and had, on average, an annual return of over five percent."

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Updated Date: 21 January 2020, 01:00

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