2024-02-17 14:00:04
1708181431
#Consoles #useless #future #game #consoles #DEBATE #Video #Games
Category:
Decline in Savings Interest Rates Accelerates: What You Need to Know
written by Alexandra Hartman Editor-in-Chief
2024-02-17 13:29:00
According to an evaluation, the decline in savings interest rates has accelerated since the beginning of the year.
For the first time since summer 2023, savers will receive an average of less than 3 percent interest on fixed-term deposits with a longer term, according to an analysis by the comparison portal Verivox, which is available to the German Press Agency.
Anyone who currently invests 10,000 euros for two years will receive an average of 2.99 percent interest from nationwide banks (reference date: February 7th). According to the information, it is the lowest level since July 2023. At the beginning of November, the evaluated institutions offered an average interest rate of 3.39 percent. In January it was 3.24 percent.
In anticipation of interest rate cuts by the European Central Bank, financial institutions are also offering less than 3 percent interest for fixed-term deposits that are invested for five years, with an average of 2.69 percent for the first time since July. According to the information, with a one-year term it is an average of 3.15 percent.
Regional financial institutions continue to pay significantly less interest on average. Savings bank customers receive an average of 2.18 percent if they invest money there for two years. Savers at regional cooperative banks earn an average of 2.22 percent.
DAX – Do buyers now have everything under control?
You can find all chart analyzes on our YouTube channel. Inform now!
Savings are invested in a fixed-term deposit account for a specific period of time. Savers cannot access the money during this time, which is why the interest rates are usually higher than with overnight money. At the same time, financial institutions cannot adjust their conditions during the term. They therefore try to price in the expected interest rate developments in advance.
First interest rate cut in the euro area expected in the summer
Many experts expect that the ECB might lower key interest rates in the common currency area once more in the summer in view of the recent decline in inflation.
With daily money, which savers can access at any time, credit institutions can adapt their conditions to current market developments, in contrast to fixed-term deposits. Verivox is therefore not yet observing any falling interest rates across the board. There is currently an average of 1.72 percent at banks active nationwide. Since the beginning of December, overnight interest rates have stagnated.
In the medium term, Verivox also expects interest rates to fall if the monetary authorities lower the key interest rates. “The cloudy interest rate environment will then also have an impact on overnight money,” expects Verivox expert Oliver Maier.
Verivox evaluated the daily and fixed-term deposit conditions of around 800 banks and savings banks. The consumer portal Biallo.de also provides information on interest on savings investments.
/mar/DP/zb
Bildquelle: Andrii Yalanskyi / Shutterstock.com, Daniela Staerk / Shutterstock.com, Gunnar Pippel / Shutterstock.com
On your own behalf
ETF savings plans at top conditions
Building wealth with index funds. Now from just 1 euro per month at finanzen.net zero.
More news on the topic
1708181366
#Analysis #shows #Fixed #deposit #interest #rates #lowest #level #summer #February
President Xi Jinping Congratulates 37th African Union Summit: Significance and Future of China-Africa Relations
written by Alexandra Hartman Editor-in-Chief
2024-02-17 11:54:22
Xi Jinping sent a congratulatory message to the 37th African Union Summit
2024/02/17
On February 17, 2024, President Xi Jinping sent a message to congratulate the convening of the 37th African Union Summit.
Xi Jinping pointed out that the world today is undergoing major changes unseen in a century, and the “global South” represented by China and Africa is booming, which has profoundly affected the course of world history. The AU unites African countries to strengthen themselves through unity and vigorously promotes integration and the construction of free trade areas. The African Union successfully joined the G20, further enhancing Africa’s representation and voice in global governance. China expresses heartfelt congratulations on this.
Xi Jinping emphasized that over the past year, China-Africa relations have continued to develop in depth, and the China-Africa Leaders’ Dialogue was successfully held. The two sides decided to support each other in exploring their respective modernization paths and jointly create a good environment for realizing their development vision. A new session of the Forum on China-Africa Cooperation will be held in 2024. I am willing to work with the leaders of African countries to carefully plan a new blueprint for China-Africa cooperation and promote the joint construction of a high-level China-Africa community with a shared future with an eye on benefiting the people of both sides.
1708181287
#Jinping #congratulatory #message #37th #African #Union #Summit
New Mission Leaders for 144 Missions Worldwide: 2024 Announcements and Profiles | The Church News
written by Alexandra Hartman Editor-in-Chief
2024-01-05 08:00:00
The First Presidency of The Church of Jesus Christ of Latter-day Saints has called new mission leaders for 144 missions worldwide. These couples will begin their three-year service in July. Four couples will be announced later.
The Church earlier announced that 36 new missions will begin operating this summer; with the additions, the Church will have 450 missions worldwide — its highest-ever total.
President Carl D. Vance and Sister Emily Vance, who have been presiding over the Nevada Las Vegas Mission since July 2023, will be reassigned to the new Nevada Henderson Mission and will serve until July 2026.
Leaders of the other 35 new missions are included in the accompanying list.
The Church News will profile new mission leadership couples in the coming weeks and months. See thechurchnews.com/mission-leaders for links to information regarding the new mission leaders.
Read the complete list of new mission leaders for 2024 here.
Africa Central Area
Africa South Area
Africa West Area
Asia Area
Asia North Area
Brazil Area
Caribbean Area
Central America Area
Europe Central Area
Europe North Area
Mexico Area Area
North America Central Area
North America Northeast Area
- Canada Montréal: A. Craig Sorensen and Melanie Sorensen
- Massachusetts Boston: Christian B. Risenmay and Roxanne Risenmay
- New York New York City: Lance Taylor and Robyn Taylor
- New York Syracuse: Kory E. Coleman and Carolie Coleman
- Ohio Cincinnati: John W. Rasmussen and Ann Rasmussen
- Pennsylvania Philadelphia: Tanner Corbridge and Erin Corbridge
- Washington D.C. South: James E Mac Pherson and Jenessa Mac Pherson
North America Southeast Area
North America Southwest Area
North America West Area
Pacific Area
Philippines Area
South America Northwest Area
South America South Area
Utah Area
1708181277
#mission #presidents #companions #called #serve #beginning