Fixed Deposit Comparison

F or investors wishing to invest capital as a fixed-term deposit, it is important to find out about the current prevailing interest rates and filter out the best offer. For this purpose, there are numerous platforms on the Internet that compare and evaluate various fixed-term deposit offers. These include such well-known names as Check24, Finanztip, Verivox, Focus and, of course, Stiftung Warentest, which enjoys a particularly high reputation among consumers. Thus, it is possible for every private investor to evaluate fixed-term deposits in comparison. Almost all providers proceed similarly in their comparisons: They check the interest rates offered at different maturities of the time deposits. Mostly these are 1 month, 3 months, 6 and 12 months and 1, 2, 3 and 5 years. In normal interest rate phases, the rule of thumb applies: The longer the term of the time deposit, the higher the interest offered. As a second step, the comparison platforms look at the respective creditworthiness of the offering financial institutions. Often, only those institutions that are top-rated by Standard & Poor's, Fitch and Moody's are filtered out. In addition, the comparison platforms also examine whether the banks or their subsidiaries are subject to the European deposit guarantee of 100,000 euros. In addition, the assessment also takes into account whether there is a voluntary deposit insurance scheme in addition to the statutory one. Some platform providers also evaluate the service offered by individual financial institutions. For example, Focus weights the 3 categories of the fixed-term deposit offer with 70% in the area of "yield" with 20% the area of "deposit protection and with 10% the category "service".