The Icelandic Kaupthing Bank offers since 1 October up to 6.10 percent interest per annum on the deposit. Up to 6.10 percent interest per annum on the money of the day the Icelandic Kaupthing Bank offers investors since October 1 this year. The interest rate is valid for twelve months investment period. Who wants to invest his money only six months, gets at least also proud 5.90 percent p.a. for his money.
However, you should lose the current situation of the Icelandic banking system not from the eye at all the attractive interest rates. Only the third largest commercial bank in Iceland, Glitnir Bank, had to be nationalised earlier this week. Therefore it is 20.887 euro on an account of the Kaupthing Bank currently not advisable to have more than to create, which are guaranteed by the statutory deposit insurance in Iceland. The waiver of a few percentage points of interest and for the daily availability of landscaped money interests, as they day money offer investors who find Kaupthing Bank (for details see would possibly kaupthing-edge-tagesgeld.html). The current interest rates but very clearly shows one: banks in Europe are dependent on the deposits of private clients to refinance and to ensure their liquidity. As long as the situation is still as it is now, nothing will change at the high interest rates on day and time deposits, and investors can use this to their advantage. Experts are ambivalent as regards in particular the offers of Icelandic banks.
While some consider a plant up to the limit of the statutory deposit insurance for safe, others warn that even the State in the worst case can provide no sufficient collateral for the deposits of foreign investors. This is due to the small size of Islands simply. Alone, the two largest commercial banks, to which also the Kaupthing Bank which have customer deposits and liabilities on their books, which exceed the gross national product of Iceland to the multiple. Daniel Franke