With Citibank, one of the first banks to once again increases the interest for the deposit on now in the top to 3.75 percent per annum. The Citibank adjusts the interest rates of fixed-term deposit offer for quite some time a week on every Wednesday. From October 21, 2009 there are 0.10 percentage points for terms of 12 to 72 months higher interest rates than even a week earlier. Thus, the top rate for Citibank deposit offer is now 3.75 percent per annum for a term of six years. With this interest rate Citibank term deposits interest compared of the trade portal is tagesgeld-vergleich.net for a term of six years equal first place with the Dutch credit Europe Bank and the Volkswagen Bank, closely followed by the Mercedes-Benz Bank with 3.50% interest per year.
This rate hike is not the first Citibank and gives investors reason to hope that the interest rates on savings for medium and long-term deposits will recover soon even further and rates for daily available savings go up again soon. In this context, experts assume that no later than the end of 2010 the European Central Bank will increase interest rates, will have direct impact on the savings with daily or fixed period. Although the interest rates currently not so attractive as last year, when there were up to 5.00 per cent on the day money and 5.50 percent on the fixed-term deposits, investors should note the inflation and the force since this year flat rate tax. Inflation currently close to zero percent and a flat tax rate of 25% plus solidarity surcharge above the saver pauschbetrages a much higher yield also to lower nominal interest rates as last year, where the inflation average was 2.60 percent and interest income above the savers tax credit with the personal tax rate taxable were remains the bottom line. Daniel Franke
Tags: insurance & pension, money