The investment allowance is for people who define themselves not like. The savings account combines the benefits of current account and savings account. Just like a checking account at any time, investors can access their credit, however, is the interest rate on savings account is much higher. In addition, the account management is usually free. All you need is a checking account to which the applied amount is paid after the recovery. Some banks offer at the opening of an allowance account equal to an additional checking account with.
Where can I open an account?
There are now hardly any banks that offer no savings account. Here, the conditions can vary considerably, so a comparison is worthwhile in any case. In particular, direct banks without their own network can offer savings account with high interest rate. Here you can only perform his account online or by phone.
What do I need?
Interest level : The most important thing when choosing a call money account is of course the interest rate. Especially for new customers, the terms are often very attractive. After the expiry of a period is one, however, quickly became regular customers and then fall as the interest rate. For this reason, many customers change depending on market development to another savings account, what is also called “day money-hopping” is known.
So if you want to stay longer at a bank, you should also consider the interest rates for existing customers. For day-hop hero is important, however, that the interest rate is guaranteed for a certain time. Then you can then orient themselves if necessary.
Time of interest payment : banks offer annual, quarterly or even monthly payments of interest on. To benefit from the compounding effect is most likely to be worthwhile, especially for larger amounts of a common clearing. So it is possible to achieve at low interest rates and monthly payments, a higher return than at higher interest rates and an annual payment.
Safety : daily allowance is a relatively safe investment. Anyone who opens a savings account at a German bank, secured by the deposit insurance of the respective banking associations. In addition, attacks the legal deposit insurance, which insures savings deposits up to 100,000 €.
Availability : Although the money in a savings account is available at any time, can not make transactions on other accounts. Only the reference account is the pivotal point, because all are made via this checking account deposits and withdrawals.
Special Conditions : Prior to opening a call money account, you should always read the fine print first. Because some of the very high interest rates are associated with certain conditions that must be fulfilled by the customer. Some banks expect a minimum balance in the savings account or pay only the interest rate offered to a certain maximum contribution.
Further conditions may be that you have the checking account at the same bank or with the need to open a depot Tagesgelkonto. Belongs to the special conditions, however, that some banks fill the account immediately with a starting balance.