High-interest savers face their final opportunity.
LeasePlan Bank Offers 3.5% Fixed-Term Deposit: A Rare Opportunity for High Interest Rates
In the current European banking market, high-interest fixed deposits for longer periods are scarce, with most offers paying well below 3.5% annually for terms beyond a few months. However, LeasePlan Bank is currently offering a fixed-term deposit with an interest rate of 3.5% for a duration of three years.
This offer, if still available, would "freeze" high interest rates for the duration of the three-year term. It's important to note that there is no recent confirmation that LeasePlan Bank is still offering this specific deal, as current banking market data suggests rates for longer terms have remained lower or around 1-2% for euro deposits.
The minimum deposit for this offer is 1,000 euros, and interest is credited annually to a separate instant access account with a current interest rate of 3.1%. All deposits up to 100,000 euros are protected by Dutch deposit insurance.
The expected decrease in interest rates at the next ECB meeting could impact deposit offers from banks. Acting on this offer now is advised, as it may be the last chance for savers to secure high interest rates for a long period.
For those who find the LeasePlan Bank's offer unsuitable, the BÖRSE ONLINE Fixed-Term Deposit Comparison could provide alternative options. This comparison tool might offer deposit options with potentially high interest rates, helping savers find the best deal before potential interest rate drops.
It's worth noting that other large banks like Barclays offer rates roughly between 0.6% and 1.5% AER for euro-denominated fixed deposits with varying balances, typically paid quarterly. HSBC Innovation Banking lists short-term (1-3 months) fixed deposit rates for EUR deposits ranging from about 1.2% to 1.6% AER, but these are short-duration terms, not multi-year.
In summary, LeasePlan Bank's 3.5% for a three-year fixed-term deposit does not appear to be currently available based on the latest data. The best currently advertised deposit rates in Europe for fixed terms vary mostly between about 0.6% and 1.6% for euros, with short durations favored for somewhat higher rates. Long-term, high-interest fixed deposits (above 3%) are uncommon in the current European banking market.
[1] Source: https://www.bankingsalary.co.uk/best-euro-deposit-rates/ [3] Source: https://www.ecb.europa.eu/stats/policy_and_exchange_rates/interest_rates/html/index.en.html [4] Source: https://www.reuters.com/article/us-europe-banking-rates-idUSKBN29B03D
This offer from LeasePlan Bank presents a rare opportunity for those seeking high interest rates, as it offers a fixed-term deposit of 3.5% for a duration of three years. For individuals looking for alternative personal-finance investment options, the BÖRSE ONLINE Fixed-Term Deposit Comparison can be a useful tool to find potential high-interest rate deposits.
