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Bank of Scotland overnight lowers interest rates

The customers of the Bank of Scotland remains of a further rate cut not spared. Like many other banks, Bank of Scotland again lowers the interest on overnight deposits. With the current rate cut by the Bank of Scotland is already the fifth rate cut this year. Customers were given in January this year still on the 4.50 percent overnight, so they are following the latest interest rate cut still only 2.30 percent per year. The recent interest rate cut amounts to 0.2 percent and occurs at 10 November 2009 in force.

Despite the new interest rate reduction is the Bank of Scotland overnight attractive Alternative to many competing offerings dar. Many other banks have lowered interest rates yet clear, so that in connection with the Bank of Scotland overnight can certainly speak of above-average rates. Also likely to bottom out in the overnight interest rates soon be reached so that a floating-rate investment is currently more attractive than a time deposit.

Apart from the rate cut to customers but are before any changes. Continue the account management of the daily allowance account at the Bank of Scotland is free. Also, shipping costs are not incurred. There is no notice period for deposits through the money market account there either. This is the call account of the Bank of Scotland optimal for the flexible and short-term investment.
also subject to the conditions up to a maximum of 500,000 €, so the savings account of the Bank of Scotland also of interest for larger investment amounts and is significantly different from many other money market accounts, which are usually much lower maximum amounts of for example € 25,000. In light of the limited deposit guarantee to 50,000 pounds one should refrain from the investment of larger amounts if you want to not take risks.


Source:
firmenpresse