Nordfinanz : New customers enjoy higher fixed-term deposit interest rates

Nordfinanz: New customers enjoy higher fixed-term deposit interest rates

The prime interest rate was raised to 4.85% p.a. for Nordfinanz Mannheim fixed-term deposits (depending on the country).

Nordfinanz has once again turned the tide on interest rates, and thanks to a positive cooperation with European banks, has increased its fixed-term deposit interest rates. New customers are now expected to earn up to 4.85% interest p.a. This top interest rate is available for a term of 5 years or more with annual interest payments. The interest rates for the remaining terms of 3 and 4 years have also increased. Investors will receive a whole 15 basis points more on the 3-year fixed-term deposit and can now look forward to 3.95% interest p.a. There is now an increase of 10 basis points for the investment period of 4 years, namely a 4.35% annual interest rate. The interest is distributed annually.

Unlike most other fixed-term deposit offers, the minimum investment in this case is only 5000 euros. For investors, this means that they can invest even small sums safely, and more importantly, with high returns. Although there is no upper limit for the investment amount, in view of the European deposit guarantee system, which protects deposits of each customer up to 100,000 euros, it is advisable to limit the deposit to that amount. Clients can also take advantage of the joint accounts option, meaning that the secured investment amount will also increase.

Federal interest rates have also risen since the beginning of the year. However, these rates are unable to match the offers in the European area.

In addition to the quite lucrative fixed-term deposit offer, Nordfinanz's product portfolio also includes a very attractive call deposit account. Investors can expect not only a respectable interest rate of up to 4.85% p.a., but also a generous starting credit of 50 euros until 15 May 2023.

For both of these investment forms, Nordfinanz waives not only processing fees, but also account management or other transaction fees.

Nordfinanz is now one of the leading providers of financial products. The platform offers interested customers exclusive access to deposit-secured fixed-term deposits and a call money option in the German and European area. The banking network is predominantly located in the European area. Its partners include numerous well-known banks. We regularly develop new market strategies to fulfil our customers' needs. We identify needs in order to be capable of identifying numerous investment offers. Nordfinanz offers a simple one-account solution: with just one free account, the investor service provides access to various banks with lucrative investment products from other European countries. We make it convenient to save, and guarantee that our customers can easily invest their money after a successful identification procedure.