PickTheBank was created in 2022 during the inflation outbreak and European Central Bank intervention.
As the ECB began raising interest rates to combat inflation, European banks followed it, increasing interest rates on savings products and loans.
With interest rates on savings accounts and fixed deposits currently higher than the pace of inflation, consumers now have the opportunity to protect their savings from devaluation.
PickTheBank helps customers navigate the untransparent savings market landscape and find the best fixed deposits and savings accounts in over 1000 banks in 25 EU countries.
Interest rates in countries on deposits
In Germany, as of March, the average annual deposit interest rate is 3.13%, indicating a slight decrease from the previous month’s 3.25%. Specific deposit products, like the average interest rate for 12-month ordinary EUR deposits, currently stand at 3.63%. PickTheBank’s analysis spans 550 German banks, enriching its database to encompass 11,000 deposit products. Notably, Isbank AG and pbb direkt offer 3.50% for 12-month deposits, while LeasePlan Bank leads with 3.55% for 24-month deposits. For 36-month deposits, LeasePlan Bank offers 3.80%, and comdirect stands out with a 4.00% interest rate for a 6-month term.
In the Netherlands, current interest rate dynamics reveal enticing opportunities for savers. As of the latest data, Yapi Kredi Bank Nederland N.V. offers a competitive 3.6% interest rate for a one-year term, while Santander Consumer Finance S.A. follows closely with 3.5%. Credit Europe Bank N.V. presents an attractive option with a 3.55% interest rate for a six-month period, albeit Svenska Handelsbanken offers a slightly lower rate of 2.9% for the same term. Looking ahead, Yapi Kredi Bank Nederland N.V. remains a strong contender, offering a promising 3.7% interest rate for a two-year deposit. These rates exemplify the dynamic landscape of savings opportunities in the Netherlands.
In Italy, the current landscape of interest rates presents a promising outlook for depositors seeking to optimize their savings. Notable offerings include Banca Popolare Sant’Angelo, providing an impressive 5% interest rate for a six-month term, setting a high standard in the market. Istituto per il Credito Sportivo follows closely with an attractive 4.15% interest rate for the same duration. For those considering longer-term investments, Banca Popolare Sant’Angelo continues to shine, offering a compelling 4.75% interest rate for a 12-month deposit, while FCA Bank Spa CA Auto Bank offers a competitive 4.4%. Looking further ahead, Banca Progetto and TWIST provide enticing options with 4.35% and 4.3% interest rates respectively for two-year deposits. These rates exemplify the diverse range of opportunities available for savers in Italy’s financial landscape.
When you choose a deposit or term deposit on our website, you get access to the best offers from leading European banks. We carefully select the most favourable conditions for our clients, providing high interest rates, flexible terms. Thanks to our system, you can be sure that you will get the most attractive offers suitable for you. Our services will help you effectively manage your finances, make the right choice and achieve your financial goals.