The Wustenrot responds to the market and lowers interest rates by 0.2 percent, many banks an attractive day-money account due to the requirements of the ECB is thus still react with interest rate cuts in the day money sector. This includes also the Wustenrot. By far, this is not the worst case of lowering interest rates but that other banks did so three times already this year. The Wustenrot adapted the day money rates of the current market situation well a week ago and lowered it by 2.22 percent to 2.02 percent. She was not the only bank that did this this year. Other banks lowered their interest rates up to three times. y.

Nevertheless, the desert red still best provider of money market accounts, due to the simplicity of the product. All customers who open a desert red day money account, get the first cent of the same interest. Equally important is the high deposit insurance the Wustenrot customers, because who is currently not investing within the EU is a high risk of insolvency of the Bank. According to economic issues, the trend for money market accounts is up again and so, it remains to be seen whether banks want to go through yet more interest rate cuts and thus continue to drive away their customers. This independence of the interest rate cuts can be comparison best with a tag account.

Because the possession of multiple accounts has its advantages. In the case of a short-term interest rate of a Bank, can be that easily terminated the account and opened a new. Or to park his money simply on a parallel account, which offers more interest. This strategy is operated by many customers to make even the best of his money right now in an uncertain economic situation.