The European Central Bank (ECB) has completed its interest rate turnaround. As WELT reports, the rate hike signals a better era for savers. The ECB’s decision directly affects the interest rates on overnight and fixed-term deposit accounts.
After years of low interest rates, rates are now rising again. The ECB is responding to persistent inflation. For savers, this means they can again achieve higher interest earnings.
Source: www.welt.de
