Security variant
Save in time, then you will have it in times of need.” This popular saying means building up reserves in good times when there is a lot of money in order to benefit from them in bad times.
Now the building saver is certainly no longer as important as it used to be, when it was part of the standard repertoire of many households. And it is usually not enough to fully finance the purchase or construction of a house or apartment given the high real estate prices.
But the building saver at least offers the security of a starting balance and the fixed contractually agreed interest for the building savings loan. Compared to other forms of savings, the building saver is a proven and low-risk option.
folklore
The building saver lives from his name, six years of convenience and the – currently low – state premium. But that was it.
If you’re looking for good conditions, you can find what you’re looking for at a building saver, but recently you’ve often been beaten by savings accounts with only a one-year commitment, let alone many securities. The building savings system used to be more attractive when home loan interest rates were above six percent. With the building savings contract you acquired the right to a later building savings loan with a maximum interest rate of six percent.
Despite recently rising interest rates, the argument is no longer valid. Building savings is safe and promotes the idea of saving, which is good. But just folklore doesn’t help.
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Source: Nachrichten
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