Niedrigzinsphase | HeistermannConsulting

Update on interest rates for the “Zinszusatzreserve”

April 2025

The Bundesbank has published the “Bezugszins” (10-year zero-coupon euro swap rate) for March 2025. It amounts to 2.65 %.

The “Referenzzins” for the calculation of the “Zinszusatzreserve (ZZR)” as of 31.12.2024 amounts to 1.57 %.

Assuming that the “Bezugszins” remains constant, the “Referenzzins” as at 31.12.2025 would be 1.57 %.

Reference interest rate for the ZZR as of 31.12.2022 is 1.57%.

October 2024October 2022

With the publication of the “Bezugszins” interest rate (10-year zero-coupon euro swap rate) for September 2022 by the Bundesbank, the (“Referenzzins”) reference interest rate for the calculation of the “ZInszusatzreserve” (ZZR) is fixed as of 31 December 2022. It is 1.57%, as in the previous year.