Follow the ECB money policy
Savings interest continues to fall
Economists expect the next interest rate reduction of the European Central Bank. This helps those who want to invest because loans become cheaper. It becomes more unattractive for savers.
Savers have to adapt to daily and fixed deposits for further falling interest. “As long as the European Central Bank continues its current interest rate reduction course, the savings interest is likely to go further down,” predicts the managing director of Verivox Finanz comparison GmbH, Oliver Maier. “This applies in particular to short -term and daily savings systems.”
Economists expect the ECB to reduce the key interest rates in the euro area for the eighth time since summer 2024. The deposit rate relevant to savers and banks could drop from 2.25 percent to 2.0 percent. The decision of the ECB council is published in the afternoon (2:15 p.m.).
Fixed deposits throw less interest
According to the overview of the Verivox comparison portal, a two -year term currently have an average of 2.0 percent interest (as of 01.06.2025). At the climax in November 2023, an average of 3.39 percent. Since then it has been steadily down.
In the one-year fixed deposit, the interest with an average of 1.97 percent for the first time since February 2023 fell under the two percent mark. Verivox regularly evaluates conditions for an investment amount of 10,000 euros. For example, the Biallo.de consumer portal also offers information on the interest of savings systems.
Rapid descent for overnight interest rates
According to the evaluation, the overnight interest rates nationwide have shrunk from 1.75 percent in March 2024 to 1.27 percent. Here, the downward trend has been tightened in the past few months after observation of Verivox: At the beginning of February of the current year, the average interest for daily money in Germany was 1.56 percent.
Maier ordered such a strong slump in such a short time since the data collection began in January 2012. In the meantime, monetary houses have continued to reach the falling key interest rates to a much greater extent of savers.
Inflation eats interest income
Daily money accounts are a popular money parking space: According to the Bundesbank, 3,406 billion euros and thus more than a third of the total financial assets of private households in this country were cash and visibility to which people can quickly access people if necessary. The disadvantage: In the case of a general inflation rate in Germany, the recent 2.1 percent in May loses money in view of the lower interest.
dpa
Source: Stern
