Little by little, deposits are beginning to reflect the new environment in which interest rates will evolve in the latter part of the year, after the first interest rate cut by the European Central Bank, which could continue after the summer, and the drop that the Fed will surely react in September to the price of money.
German Bank was one of the first entities to reduce its 12-month tax APR from 2.90% to 2.55%, followed later by Autonomous bankby reducing your deposit by 10 basis points over this period to 2.90%. And other companies are joining in this profitability adjustment, as is the case with Cetelemwhich goes from remuneration of 3.20% to 3.18%.
Pichincha Bank And Triodos Bank They are also paying less than 3% on their 12-month deposits, and those offering even more (see chart) will likely begin to adjust their offerings to the new rate environment that will arrive in the coming months.
The conservative saver who has so far enjoyed returns of over 3% on his deposits and Treasury bills finds himself in the following position: if he wants to maintain this level of revaluation, You will have to change your profile and invest in bond fundsin which you can find an adequate return, but not guaranteed and in exchange for tolerating the volatility of the debt market.
The 12-month bonds currently offer a yield of 2.95%.while money market funds or target return funds will also start to notice this easing in interest rates.
