Statistics and interest rates on money market accounts currently develop the increase projected at the beginning of the year in the bottomless day money interest rates contrary to. There are several reasons, tried to explain in this article. Also, this article provides an overview of the current interest rates of the best direct banks. At the beginning of the year economists predicted a rise in the federal funds interest rate, which should carry the day money interest in the height. This seems to be over now again in the opposite direction.
Because as it turns out the development, interest rates more likely back into the bottomless fall. One possible reason for this is the not yet overcome economic crisis or the cheap offer of the ECB on the banks that want to relax right now this something. The analysis of the competitive environment also plays an important role. I.e. the banks adhere to the competitive offerings of other direct banks and respond immediately with interest rate adjustments.
Even if a Bank has enough new customers, this is a reason for the rate cut can be. At the moment this is in a day-money account comparison as follows dar: 2.30% p.a. – DAB Bank 2.10% p.a. – Bank of Scotland 2.10% p.a. – NetBank 2.10% p.a. – Comdirect 2.05% p.a. – DKB Bank 2.00% p.a. – ING DiBa 2.00% p.a. – 1822 directly 1.80% p.a. – Postbank 1.75% p.a. – S-broker 1.55% p.a. – Wustenrot 1.50% p.a. – TARGOBANK 1.50% p.a. – VW Bank 1.50% p.a. – credit Europe 1.30% p.a. – Mercedes Benz Bank 1.25% p.a. – norisbank 0.10% p.a. – SEB Bank as interest rates continuesthat of hard to say. However, an increase in the federal funds interest rate at the end of the year 2010, maybe even until the beginning of 2011, is predicted. This could entail in turn increases the day money rates. Still, there are in addition to the interest rates attractive offers, which make the conclusion of money market accounts worth: the Bank of Scotland for example grants 20 euro starting credit and the finance portal gives each for the conclusion of a day money account 10 euro. Falko Hille
