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The Rise of the ECB Reopens the War for Savings: Santander and Bankinter Join the Neobanks and Offer More Remuneration
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6 Articles
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The European Central Bank (ECB) has again stirred up the battle for savings after raising interest rates by a quarter point, leaving the deposit rate at 2.50% last Thursday. Although this decision aims to tighten financial conditions in the Community area in order to tackle the inflationary outbreak, it also widens the margin of institutions to remunerate savings through deposits.
The ECB rate rise approved on September 10 changes the shares of variable mortgages and the profitability of savings: this is how it affects you. The entry The ECB rate rise: what does it mean for your variable mortgage and your savings was first published in What!.
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