Through its Frankfurt office, NIBC Bank today launches NIBC Direct in Germany.
NIBC Direct is a range of online retail savings products that offers competitive interest rates. NIBC Direct's German interest rates start at 5.0% for the instant access account and go up to 5.5% for deposits. The German introduction of NIBC Direct follows the success of NIBC Direct in the Netherlands, where it was launched on 9 September 2008 and recently reached the EUR 1 billion mark.
As market developments prompt investors and savers to review their investment approach, there is strong demand for stability and certainty combined with attractive returns. NIBC Direct is a simple and transparent range of competitive products from instant access accounts to fixed-term deposits. "With NIBC Direct now also active in Germany, German retail savers can benefit from the high interest rates that our low cost base enables us to offer," comments Jeroen Drost, Chief Executive Officer of NIBC.