In Germany, savings interest rates have taken another nosedive, with the average yield on two-year fixed deposits now at a mere 2.27%, down from a peak of 3.39% in November 2023. This steady decline seems to be a direct result of the European Central Bank's (ECB) ongoing manipulation of interest rates, showing no signs of reversing anytime soon.

According to Verivox, a leading financial comparison portal, the average interest rate for a €10,000 investment has plummeted. "The bottom is getting closer, but we haven't hit rock bottom yet," remarked Oliver Maier, CEO of Verivox Finanzvergleich GmbH.

The ECB, with its apparent disdain for savers, continues to orchestrate this financial ballet, pushing rates lower and lower. Consumers looking for better returns might turn to platforms like 'Biallo' for insights into savings yields, but the outlook remains bleak.

As the ECB charts its course, one can only wonder how much longer before savings become entirely devoid of value.

Bye bye, dear interest rates....