I have been following with interest the tread in EUR savings rates in the EU.
The trend has been a trickle on the downside here with savings rates. The opposite is happening lately in many EU countries with rates increasing further and with large margins above ECB/Euribor rates.
Even the large banks are offering 4% EUR deposits in Spain ...
Source: FT
This may be of interest to those who say who are looking for European banks to place their deposit or to those who believe that Irish deposit rates are unsustainable. Large margins above ECB base rates may be here to stay for depositors.
The trend has been a trickle on the downside here with savings rates. The opposite is happening lately in many EU countries with rates increasing further and with large margins above ECB/Euribor rates.
Even the large banks are offering 4% EUR deposits in Spain ...
BBVA, Spain’s number two private sector bank, decided last week to match a 4 per cent deposit rate offer by Santander, its bigger rival.
Source: FT
This may be of interest to those who say who are looking for European banks to place their deposit or to those who believe that Irish deposit rates are unsustainable. Large margins above ECB base rates may be here to stay for depositors.