The Kaupthing Bank offers 5, 65prozent per annum currently highest day money-rates. The Icelandic Kaupthing Bank draws attention already for a long time by their high interest rates on call money on himself and the recent interest rate hikes of many German banks have can not change that. With 5.65 percent per annum the day account called Kaupthing edge remains comparisons at the top of all federal funds, German banks make it remotely over the five percent hurdle. But also the day of the Kaupthing account Bank has features that you should know before the opening of an account. So the rate of 5.65 percent of two parts comprises, on the one a basic interest rate of 5.10 percent, which is guaranteed until 1 January 2009 and the second from a bonus of 0.55 percent, which will be paid during the first six months. Today would be the day money rate of 5.10 percent so until January 1, and the bonus of 0.55 per cent until January 23, 2009 the basic rate from next guarantees about how high Year fail, Bank will tell part of Kaupthing so far. Such special interest and time limits, however, are the standard and used by most banks, which advertise their day money offerings, to offer a higher interest rate. Also periods of six months are the rule here.
The difference to the Kaupthing Bank lies not only in the amount of the advertised interest rate of 5.65 percent, but also in the warranty, which is pronounced for the time after that. Because the Kaupthing edge day money account to provide day money interest also from next year, and at least until January 1, 2012, which is higher than the interest rate of the European Central Bank, which is currently at least 4.25 percent. Such a statement is made otherwise than by the GE Money Bank, which wants to keep its interest rate from next year but only on height of the rate of the ECB, but also not. Note, however, that it is Bank the Kaupthing Icelandic Bank, which also only by the Icelandic Deposits Assurance Fund is protected. Due to this fact, deposits on the day cash account are protected only up to a height of 20,000 euros against insolvency of the Bank. While it is possible to deposit amounts up to 10,000,000 euro on this account for investors, this however is not advisable due to the size of the Institute and the low hedge. Some analysts see even the solvency of Iceland itself in danger, should a Bank as the Kaupthing into lopsided, it is however assumed that plants are as safe at least up to the amount of 20,000 euros on the Kaupthing edge day money account, higher plants should be considered, however, exactly.