On Monday, October 11, 2010 the Fund Deposits and Loans goes to interest rate cuts:
Savings Interest Rates
Interest savings from 3.20% to 3.00%, difference: -6.25%.
Time deposits (mean decrease -9.32%)
For 5,000 euros
Period of one month from 3.80% to 3.20%, difference: -15.79%.
A quarter from 4.55% to 4.20%, difference: -7.69%.
Duration one semester from 4.60% to 4.30%, difference: -6.52%.
Duration one year from 4.65% to 4.35%, difference: -6.45%.
For 100,000 euros
Period of one month from 3.90% to 3.35% difference: -14.1%.
A quarter from 4.60% to 4.30%, difference: -6.52%.
Duration one semester from 4.65% to 4.35%, difference: -6.45%.
Duration one year from 4.70% to 4.40%, difference: -6.38%.
For 300,000 euros
Period of one month from 4.00% to 3.40%, difference: -15%.
Duration 3 months from 4.70% to 4.35%, difference: -7.45%.
Duration 6 months from 4.75% to 4.40%, difference: -7.37%.
Duration 12 months from 4.80% to 4.50%, difference: -6.25%.
For 600,000 euros
Period of one month from 4.10% to 3.45%, difference: -15.85%.
Duration 3 months from 4.80% to 4.40%, difference: -8.33%.
Duration 6 months from 4.85% to 4.50%, difference: -7.22%.
Duration 12 months from 4.90% to 4.55%, difference: -7.14%.
For 1,000,000
Period of one month from 4.20% to 3.50%, difference: -16.67%.
A quarter from 4.90% to 4.45%, difference: -9.18%.
Duration one semester from 4.95% to 4.55%, difference: -8.08%.
Duration one year from 5.00% to 4.60%, difference: -8%.
Previous interest rate cut announced on 30/7/2010
