Interest on “savers” is falling. Investown will still earn you up to 10,5%
Czechs have long enjoyed high interest rates on savings accounts. But this period is gone, as banks began to reduce yields on savings products at the turn of winter and spring. However, at Investown you can still value your money with a high interest rate of up to 10,5%, so it pays to invest more than before.
(This article is NOT investment advice)
On Wednesday, March 20, 2024, the Czech National Bank (CNB) lowered interest rates for the third time in a row, namely the base interest rate dropped to 5.75%. That's great news for anyone looking to take out a mortgage or consumer credit -- in short, because they're borrowing more cheaply now.
Interest rates will go down even in small banks
Less joy is already being enjoyed by savers who leave most of their money lying in savings accounts or term deposits: along with interest on loans, the income of savings products also decreases.
While at the beginning of this year the “orderlies” were earning 5-6% p.a., now interest rates are going down steeply. First, the larger banks were committed to reducing them. Smaller ones are keeping rates around 6% for now, as their current goal is the acquisition of new customers as part of marketing events. But once these bargains are over, even small banks are very likely to reduce returns, from day to day.
Investing on Investown is worth not procrastinating
Nothing changes for our investors at the moment, they can continue to appreciate their finances in loans secured by real estate with fixed interest of up to 10,5% p.a.
But investing on Investown is worth not procrastinating now. The fall in interest rates will also affect us and other investment platforms over time. Thus, we will have to follow the steps of banks and reduce interest on real estate projects.
What does that mean in a nutshell? If you want to ensure a high fixed income for a long time in the future, it pays to invest more now than beforebecause interest on Investown will drop in the future as well. We will inform about this fact well in advance, so far everything remains unchanged.
While at the beginning of this year, “orderlies” were earning 5-6 per cent a year, now interest rates are going down steeply.
Premium investors get bonus return
The great news is that even if in the future interest will also fall on Investown, premium investors with a larger volume of investment from us they get bonus returns. We are preparing a premium membership program, which we will tell you about soon.
This article is not investment advice
Investown does not provide investment advice. This is an educational article with basic information about current interest rates. For specific advice, we recommend using the services of an investment advisor.
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