ECB Cuts Key Interest Rate To 1.0 Percent

(Online article) – In the fight against the lingering recession, the European Central Bank (ECB) has lowered the interest rate for the eurozone to its lowest level since the second world war. Frankfurt/Main – the main interest rate for the credit business with Central Bank money supply reduced by 0.25 points to 1.0 percent. Check out 4Moms for additional information. This was announced by the ECB after its Council meeting Thursday in Frankfurt. The deposits interest rate banks receive for deposits at the ECB, remained unchanged at 0.25 percent. With the renewed interest rate cut, the ECB responds to the deep economic and financial crisis in Europe. Since autumn, the Central Bank reduced the key interest rate for the banking sector with Central Bank money supply by a total of 3.25 percentage points to a historic low. Eagerly expected, whether Trichet is further of interest in Vista at a press conference in the afternoon in Frankfurt.

In addition, Trichet had announced after the may meeting about extraordinary measures. Low interest rates make cheaper loans for businesses and consumers, and can stimulate the economy. Savings be remunerated but also lower. In the United States and Japan are currently virtually at zero interest rates. In the UK, the Bank of England left interest rates on Thursday at the lowest level ever of 0.5 per cent. DPA

EUR Day

Comdirect day money with 2.00% interest p.a.. The impact of recent interest rate cuts are still being felt. Comdirect also adapts to the market situation. The rate cut made currently by the comdirect Bank on the day money account Tagesgeld plus applies only to new customers who want to create up to 10.000,-euro. Well, there’s only half, namely 2.00 percent per annum for new customers with a deposit of up to $ 5,000.00. Interest rates to 1.25 percent p.a. amount for a deposit in the amount of 5.001,00 EUR 30.000,00 euro.

The remaining interest rate remains the same. The attractive framework conditions are also equal. So the account opening and account management with no cost associated and no monthly minimum payment. In addition to the daily money account you can choose plus for the comdirect bank account. Regardless of a credit card is included in the product part of the day money account in any case, the benefits of which can be used at any time free of charge. There is a detailed overview of the product under../comdirect-girokonto-plus.html. Day money compared slips after rate cut back the comdirect and makes convenient it is now in the lower middle. See day money / comparison can be found a clear comparison of current market day money offers.

The top spot is now taken of Cortal Consors. The company offers on its money market accounts an interest rate of 4.00 per cent per annum, or 3.25 per cent p.a.. In addition, both versions are of no monthly minimum payment for free. For more information about summarizes open trade portal Tagesgeldrechner.info. As day money includes current accounts, as also the passbooks and deposit to the safest investment products, because the sums of the customers on these investments are secured by the deposit protection fund up to certain amounts and are therefore safe.

Retirement Savings

RETIREMENT saving: many entrepreneurs are trapped so much in day-to-day business, she overslept the topic of retirement. It threatens a rude awakening. Of course, it is existential, that the business is going well for any entrepreneur. The company goes well, even the boss is fine. But how is that, if the retirement is imminent. Is the income and thus the income then regulated? A tricky question, because many small business owners rely too often on the profitable sale of your company or a successful succession plan.

12,000 Companies pending annually in Bavaria to the takeover. But unfortunately not everyone can find a buyer or successor long ago. The entrepreneur has taken no other protection threatens the retirement to the dilemma to be. In time everything that serves to secure the financial game room in the retirement plan belongs to the retirement savings roughly speaking. Whether a pension, life insurance, or for example, rental income are. So the first step in the meaningful retirement must be: determine the Status Quo. What measures have been already taken? An overview with regard to risk management, real estate or investments brings transparency. The objectives are defined in the next step.

These retirement plans allow me what? And consistently measures and wishes must be then compared with each other. The prevention activities sufficient to ensure the desired quality of life? Gaps for an honest analysis and the Stiftung Warentest, to consult an independent fee consultant recommends a target-oriented planning. Rainer Michaelis, accredited honorary consultant in Traunstein, Germany, explains the benefits: the honorary advice aims to enable the client to make decisions according to its interests. We advise independent party, absolutely transparent. As honorary advisers get a clearly defined pay and no Commission! Any Commission fee will be refunded the client 100%.” Michaelis is so sure that he promises even a 100% money-back guarantee, his thing should the consultation result fails to meet the expectations. Inflation take into account how can a reasonable provision now look, that even after adjusting for inflation is sufficient? A pension of 2,000 euros corresponds to a yearly inflation of 2% in 20 years only a purchasing power of 1,335 euros. Clear signal on the Vorsorger: take advantage of compound interest. 26,500 Euro are a complex sum of 10,000 euros at an annual interest rate of 5% after 20 years. But which strategy is right now depends on the individual requirements, as well as by the type of operator. Whether conventional pension or for example exchanges AA through an investment in so-called ETFs here helps independent advice. It also shows you whether the funded Rurup pension makes sense. From the standpoint of a secured this base can be pursued objectives clearly and with certainty future financial decisions made. It is important to deal in a timely manner pensions. So we must not continue at the age. But no more than can if you want. Rainer Michaelis