Certificates have been experiencing a sales boom at savings banks and cooperative banks since the interest rate turnaround in 2022. Why this is problematic and when investors are better off with a fund.
You can imagine the bank customer visiting his advisor again, sometime in the last two years. He asked why he had not yet received a higher interest rate on his savings, when the central banks are constantly raising interest rates. The advisor just shrugged his shoulders, but he knew of an alternative: an interest certificate. This would allow the bank customer to benefit from high interest rates until the high interest rates on the current and fixed-term accounts arrived.
Source: Stern
