Although women make up the majority of employees at Sparkassen and Volksbanken, their representation in senior board positions remains low. The article outlines three main reasons for this shortfall and suggests possible measures to improve gender balance.
The German savings banks (Sparkassen) have added a new securities product named S-Neo to their digital platform, allowing customers to trade mutual funds and shares directly through the app. Nearly all 338 Sparkassen are participating, offering the service at a uniform price and expressing high expectations for its success.
A comparison of interest rates on savings accounts (Tagesgeld) shows that Sparkassen and Volksbanken offer significantly lower rates than larger national banks. With anticipated ECB interest rate hikes, the article suggests some customers may see improved returns on their savings.