Allianz Leben has raised the interest rate for some of its products. Anyone who holds one-time premium life and pension insurance from the German industry leader, who invests the client’s money in the coverage pool, receives higher interest rates for the first few years of the contract. The insurer reports it. For example, for a treasury bill in the prospective pension concept with a contract term of at least ten years, the interest rate increases to 3.5 percent, with a five-year contract term to 2.8 percent.
The insurer justifies the step by stating that interest rates on the capital markets have risen significantly due to the fluctuating monetary policy of the European Central Bank. Therefore, in the first four years of the legislature, the “rates of surplus treasury shares” can be applied, which orient the interests more closely to the current situation of the capital market. Here, too, Allianz Leben follows a recommendation from Bafin.
“At the moment, many cannot decide on long-term retirement. We would like to win them over and offer attractive interest rates from the first year. And we are making it even more attractive to middle-aged people and those who are close to retirement, now we are. there are still gaps in supply In view of the demographic change, this benefits the company as a whole, “says Katja de la Viña, CEO of Allianz Leben.
Higher interest rates for the call money alternative
Also, at the Allianz Park Depot, where customers can invest their money safely and plan with confidence, just like with a Call Money account, the interest rate has gone up from 0.05 to 1.0 percent – and this also applies to existing Park Depots. (jb)
