Secure maximum interest: The best offers for fixed-term and daily deposits in the current comparison from Verivox.

Secure maximum interest: The best offers for fixed-term and daily deposits in the current comparison from Verivox.

According to a report from www.businessinsider.de, interest rates in Germany have reached their peak and the European Central Bank (ECB) plans to cut its key interest rate in the next few months. Some banks have already started adjusting interest rates for savers. The current phase of rising interest rates is coming to an end, which could soon have an impact on the market and the financial industry.

The interest rate for fixed-term deposits with a one- or two-year term is currently a maximum of 4.4 percent and a maximum of 4.1 percent for overnight deposits. But the inflation rate has fallen significantly while interest rates have remained high. The real interest rate after deducting the devaluation of money due to inflation is finally mostly positive again. The ECB's cut in key interest rates is expected to further impact interest rates for savers.

There are also banks in other European countries that offer interesting interest rates, but the deposit protection law within the European Union also applies to banks from abroad. Those who prefer to invest their money domestically will still find that interest rates may be slightly lower.

The upcoming interest rate turnaround represents a challenge for savers, as interest rates could continue to fall in the long term. Financial experts therefore recommend shifting funds from daily investments into medium to long-term time deposits in order to secure the high interest rate for a longer period of time.

With regard to daily money, savers can currently receive interest rates of four percent or more from various providers, but often only for a limited time and only for new customers. The high inflation in November was still 3.2 percent in Germany, which increases the attractiveness of good offers for overnight money and fixed-term deposits.

Overall, the current situation represents a challenge for savers who should be aware that the phase of continuously rising interest rates is coming to an end and that interest rate cuts are to be expected in the future. However, with the right investment strategy, a positive return can still be achieved.