Savings interest rates are falling again

“Some banks have not yet fully priced in the latest interest rate cut by the European Central Bank. Anyone saving quickly Compare He completes it, and now secures himself Good conditions“Advises Andreas Ederer, banking products expert at the comparison platform point of view.

According to his analysis, they are Daily interest rates Since January from a maximum of 3 percent annually to 2.8 percent currently I sanka fixed deposit for three years with a maximum of 4 to 3 percent. A Further decline It is expected.

“This means that there are still good conditions available much higher up Inflation in September “Inflation is 1.8% and at least roughly mitigates the estimated 3.4% annual inflation rate,” says Ederer.

Reward new customers

According to Durchblicker, the best conditions for everyday money are a new customer bonus of 3.6 percent for four months with a subsequent variable interest rate (Santander Consumer Bank). “The most attractive products at the moment are savings products with fixed term deposits of one year, with interest rates of up to 3.2 per cent (Adeko and I call out “Bank, note) is possible,” Ederer explains.

In a European comparison, daily deposits of up to 3.2 percent are still 0.4 percentage points higher than the highest Austrian terms, and fixed-term deposits with a three-year commitment are included. European banking institutions By 3.49 percent and therefore 0.49 percentage points higher.

A representative survey conducted by UniCredit Bank Austria on World Savings Day by Marketagent.com among 618 people interviewed (bank clients aged 14 to 69 years) about investment behaviour, shows that a high level of interest rates increases interest in classic savings products (savings). . Cards, online savings, home savings). alive He has. More than half of those surveyed are saving in the bank again. Nearly a third are saving more due to inflation.

Save fear

This is confirmed by figures from the Austrian National Bank. The savings rate is rising sharply again – from 8.7 to 11.4 percent this year. “This is an expression of the fact that people are worried. There is a certain amount of fear in saving,” says Gerda, president of Erste Bank. Holzinger-Borgstaller.

According to a representative IMAS survey of around 1,350 Austrians, the average saving amount has remained constant at just over €300 since 2022. However, this is one Real amount of contractionThat is, after deducting high inflation.

Saving is an old thing

the The importance of saving According to the survey, it is very or somewhat important for 81 percent, the highest value ever measured. Only 9% consider saving old fashioned, and most of them are young people up to the age of 29 years.

the Classic savings book However, in many cases this has been achieved through online savings replacingt, says Oberbank General Manager Franz Gasselsberger. “Customers want it comfort And do not come to the bank for every small withdrawal or deposit.

World Savings Day was established 100 years ago

One hundred years ago at a meeting of international bankers in Milan introduction Decided on World Savings Day. In Austria, savings banks celebrated the first World Savings Day a year later, on October 31, 1925. In order to create incentives for saving, gifts were already distributed at that time. These still exist today.

This has been increasingly emphasized in recent years Sustainability placed. This year, Raiffeisen Vienna, for example, is giving away gifts of, among other things, jam made from rescued fruit – produced by the Viennese company “Unverschwendt” – fountain pens made from old advertising posters, Newh sugar-free snacks and collapsible shopping bags. To decompose. .

Magic snakes, crayons or a “kitchen sticker set” await the children. This allows packaging boxes to be transformed into a play kitchen.
Erste Bank also has jam made from rescued fruit and a card game for children.