Interest is back. But where are the Germans? For years they had to put up with zero and even minus interest on their bank balances. But now that interest rates are rising significantly again, they are hoarding a record amount of cash in their drawers and safes. There are around 430 billion euros in coins and notes, which makes almost 5100 euros per capita, calculates the DZ Bank. And not only that: They also hoard assets worth trillions in interest-free checking accounts and savings accounts. Inflation quietly and secretly eats up a considerable part of their assets.
Interest for overnight and fixed-term deposits: the best offers and tips for investing – economy
