[HIGHLIGHTS] Interest rate rip-off at savings banks: In these cities, the conditions are particularly bad

The European Central Bank (ECB) has initiated the turnaround in interest rates in the fight against inflation. More and more banks are therefore raising interest rates on overnight money.

At the peak, savers can secure up to 3.25 percent interest on their savings at the end of April. On the other hand, the overdraft rates are at dizzying heights of up to 14.33 percent. Only five savings banks offer interest rates of at least one percent, an overview of the savings banks with the highest overnight interest rates shows.