Daily money, which savers can access at any time, is particularly popular with those surveyed, but which therefore generates lower interest rates compared to some other forms of investment.
According to a survey, higher interest rates and higher prices on the stock markets have boosted savers this year. 73 percent of the 1,000 respondents said they invested money. A year earlier it was 53 percent, according to a survey by Kantar on behalf of the Federal Association of German Banks (BdB).
At the same time, more than half (58 percent) were satisfied with the performance of their investments at the beginning of December. Last year it was only 30 percent.
“Despite the good year on the stock market, comparatively few people are still investing in stocks and funds,” said BdB Managing Director Heiner Herkenhoff. Daily money, which savers can access at any time, is particularly popular with those surveyed, but which therefore generates lower interest rates compared to some other forms of investment.
37 percent prefer overnight money as an investment product
In the survey, 37 percent named overnight money as their preferred investment product in 2023. 36 percent said this for the coming year, followed by stocks (29 percent) and fund shares (27 percent). With a view to 2024, however, real estate, gold and fixed-interest investments are in some cases significantly less popular than this year. Multiple entries were possible.
The majority of those surveyed (70 percent) see security as an important goal when investing. For most investors, security remains the top priority, said Herkenhoff. “One in three people can now imagine taking a higher risk in order to get more returns.”
Source: Stern
