Interest rates to be abolished: Effective from this week, Deutsche Bank and Postbank will no longer charge interest starting from this Friday
Deutsche Bank and Postbank have announced changes to their interest rates for fixed-term deposits, effective from October 17 and October 18, 2024, respectively.
Deutsche Bank will pause its Fresh Money offer for Fixed Interest Savings from October 18, 2024. However, the bank plans to restart the action with updated and market-appropriate conditions in November 2024. It's important to note that the specific interest rates for this offer have not been disclosed.
Postbank is also ending the high interest rates for its Interest Savings on October 17. Until then, savers can secure high fixed-term deposits with Postbank. After October 17, standardized interest rates of 2.60 percent p.a. for 12 months will apply for fixed-term deposits at Postbank.
The adjustments by both banks are in response to the current interest rate development. However, for detailed information about the interest rates for daily deposits at Deutsche Bank and Postbank, it is advisable to visit their official websites or contact their customer service directly.
It's worth mentioning that the European Central Bank is expected to lower interest rates, which could lead to a decrease in overall daily deposit rates in Germany.
Investors have a short window of opportunity to secure higher interest rates for daily and fixed-term deposits before these changes take effect. The BÖRSE ONLINE Daily Deposit Comparison and the BÖRSE ONLINE Fixed-Term Deposit Comparison offer attractive deposit offers.
For those interested in Post Office Fixed Deposits in India, they offer rates ranging from 6.90% to 7.50% p.a. for tenures from 1 to 5 years as of the latest updates. However, this information is not applicable to Deutsche Bank or Postbank.
It's crucial to remember that all information provided is without warranty, subject to change, and errors may occur. It's always best to verify the most current and accurate information directly from the banks.
- The changes in interest rates for fixed-term deposits at Deutsche Bank and Postbank might affect personal-finance strategies for savers, as the banks will apply new rates starting from October 18, 2024 (for Deutsche Bank) and October 17 (for Postbank).
- For anyone seeking better rates for personal-finance management, the BÖRSE ONLINE Daily Deposit Comparison and the BÖRSE ONLINE Fixed-Term Deposit Comparison currently offer attractive deposit options before the changes take effect.
