Highest Interest Rates in August: These Banks Provide Maximum Returns for Your Money, Reaching up to 2.85%
In the current financial landscape, several banks are offering attractive rates for new customers looking to save or invest their money. Here's a roundup of some of the top savings and term deposit offers available.
Firstly, BforBank, part of Crédit Agricole – one of Europe's largest banking groups – is currently offering an introductory interest rate of 4 percent for new customers on savings accounts up to 50,000 euros, guaranteed for 3 months. However, after the introductory period, the regular interest rate for existing customers stands at 1.2 percent. It's important to note that savings with BforBank are protected by French deposit insurance.
Another bank making headlines is Varengold Bank, which offers the highest unlimited interest rate currently available, applicable to both new and existing customers, at 2.3 percent.
Several banks are also offering competitive rates for term deposits. For instance, term deposits with a two-year term currently have a top rate of 2.85 percent, offered by various providers. Similarly, one-year term deposits are paying up to 2.67 percent. Providers with German deposit protection are offering up to 2.5 percent for two-year term deposits and up to 2.4 percent for one-year term deposits.
However, it's worth mentioning that some special conditions for savings accounts are only valid for a limited period. Also, many savings account offers require customers to open a checking account with the respective bank to enjoy the high interest rates.
A new interest report from comparison portal Verivox reveals that five banks are currently advertising a limited promotional interest rate of 3 percent or more for new customers for their savings accounts. Unfortunately, there are currently no specific search results indicating which banks offer corporate customers a special maximum interest rate of 3 percent or more on savings accounts.
In conclusion, for those seeking to maximise their savings or term deposit returns, it's advisable to shop around and take advantage of the competitive offers currently available, especially for new customers. Always remember to check the terms and conditions, including any introductory periods, before making a decision.
