2Année·

The call money craze goes into the next round: 3% interest at the $INGA (-0,61 %) 📈💰

There have been some recent developments that may be of interest to many of us. Interest rates on overnight deposit accounts are gradually rising and banks are competing to attract customers with the highest interest rates.

One notable announcement recently came from ING: they are now offering an incredible 3% interest on their overnight deposit account, and not only for new customers, but also for existing customers (for the first 6 months).

But what is behind this "call money madness"? The answer is simple: ING and other banks are looking to attract new customers and retain existing ones in order to grow their business. The rising interest rates are a reaction to the general rise in inflation and a way for banks to offer their customers a higher return on their savings.

As investors, it is important to keep an eye on these developments and carefully consider which overnight deposit offers are best suited for our needs. While a higher interest rate may be tempting, we should also consider the bank's fees, terms and security.

My savings are currently in my Trade Republic clearing account, on which I currently receive 2% interest. That's why I decided not to switch to ING.

What do you guys think? Would you switch to another bank for higher interest rates or are you happy with your current interest rate? 💰

#zinsen
#banken
#ing
#konto

20 Commentaires

Gerit@Gerit

2Année

My money is also with TR at 2%, will not open a new account specially, at 4%+ I will think again 😜

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GHF@GHF

2Année

I don't understand why this is madness: The ECB's key interest rate is higher than 3% , so I don't find this so surprising or even insane!

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Lara@larryc

2Année

@GHF Thanks for your feedback, you're right of course. Nevertheless, I think that there are currently many such offers on the market and that there is strong competition for customers. Do you see it differently?

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GHF@GHF

2Année

@larryc yes, you're right. But there are always phases where it's a matter of acquiring new customers. Relatively young banks/brokers in particular have to compete for every customer in Poland.

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Tobi60@Tobi60

2Année

Is me honestly too much effort for too little performance. Since I prefer to do what on the TR account and have less stress 🫡

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Fabzy ✨@Fabzy

2Année

For existing customers, however, on new money deposited up to today (?) from another bank up to 50,000€. It says existing customers on it, but not really in it.

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six@six

2Année

@Fabzy exactly. Much too complicated to implement.

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Waldemar@Wowa83

2Année

@Fabzy Couldn't the existing customer simply transfer money to another account, e.g. a securities account, and then transfer it back again? Then it would be new money for the account? Am not at ING, the thought came spontaneously

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Fabzy ✨@Fabzy

2Année

@Wowa83 no idea if that would work 😅

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Daniel@Dr27589

2Année

@Fabzy yes, that works :)

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Golden B.@Buffalo

2Année

Since I have a deposit and a call money account with ING, I benefit at the moment from the 2%. Soon the action runs out with me and will look what I do then. Do not believe that the ING after 25.04. at 0.6% for existing customers leaves, my savings bank has z. Z 1%.

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Wealthy@Wealthy1

2Année

I personally would not switch to ING. They give you 4% but the other costs are much too higher in opposite other NeoBanks. It is just a debt trap. I recommend you to compare the price and service list of ING with your TradeRepublic.

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Tobias Schuck@Schuckinator

2Année

I have a securities account with Ing and therefore automatically have an extra account. I only have the account because it was important to me that my wife and I can manage the account as a joint account. If I would trade more than ETF would be the fees but too large. But this way I can easily profit from the offer. I only have to move money from a foreign bank there. Generally, I find it but much niceruns more transparent as it handles the DKB. The give only 1% and must necessarily follow there, but just fair for all the same, whether at or passed

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DerMartin@DerMartin

2Année

It's only for a limited time, right?

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Lara@larryc

2Année

@DerMartin Yes, for the first 6 months.

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Golden Boy@randomdude

2Année

I am still considering moving our household reserve to ING. Is comparatively easy money, because we are there also with the real estate financing and therefore the authenhetifizierungsprozess is omitted. Further I would go with the Zinshoppjnv but also not.

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