More than 630,000 people have been seduced by the state bond, the tax-advantaged bond issued by our federal government. In total, this yielded just under 22 billion euros. It is certainly a record, but whether we can also call it a success is doubtful.
The government bond was created to stimulate competition between the banks and in this way force them towards higher interest rates on savings. But the banks don’t budge, and the government bond seems to be overshooting its target.
Some smaller players such as Argenta briefly raised the interest on their term accounts, but when the government bond was closed, they withdrew that offer. For the time being, therefore, no attractive alternative has been put on the table (or left on the table).
2023-09-06 03:16:00
#banks #ignore #call #saver
