Homeowners fear rising interest rates on loans. An increase in the building loan interest rate of one percentage point, for example, can lead to significantly higher interest payments depending on the loan amount. This poses a challenge for many property owners who have not yet paid off their home loan: Follow-up financing could be more expensive than originally assumed.
type of card? (payment mode)
Partner card available? (Costs)
Tied to a checking account at the issuing bank? (With minimum cash receipt?)
Cash withdrawals in Germany free of charge?
Cash withdrawals in the euro area free of charge?
Cash withdrawals worldwide free of charge?
Fees for paying in foreign currencies?
Mobile payment with Apple Pay / Google Pay?
Cashback or bonus points program?
Other special conditions? (shopping, airport lounge access, etc.)
App for banking on the smartphone?
Insurance included? (Travel cancellation, international health insurance, comprehensive insurance)?
Ten-year building interest of 2.8 percent initially stable
Inflation causes interest rates to rise
The main reason for the rise in interest rates since the beginning of the year: the rapidly increasing inflation. The Federal Statistical Office calculates an inflation rate of probably 7.9 percent in May 2022. This increases the pressure on the European Central Bank to raise interest rates. The result: loans for companies and consumers are becoming more expensive.