Germany/Banking/Savings - Revision history

Jorges at 22:43, 25 January 2023

2023-01-25T22:43:22Z

Jorges: Add bunq savings

2023-01-25T22:42:59Z

Add bunq savings

Jorges: Add affiliate to top, to have it as [1].

2022-07-27T16:20:23Z

Add affiliate to top, to have it as [1].

Jorges at 16:17, 27 July 2022

2022-07-27T16:17:40Z

Jorges: use Cite.

2022-07-27T16:16:57Z

use Cite.

Jorges: How is my money protected?

2022-07-27T16:12:48Z

How is my money protected?

Jorges at 12:18, 26 July 2022

2022-07-26T12:18:58Z

Jorges: Headline "Comparisons with Calculators "

2022-06-23T19:30:01Z

Headline "Comparisons with Calculators "

Jorges: Link to WP.

2022-06-23T19:28:54Z

Link to WP.

Jorges: Title.

2022-06-23T19:01:32Z

Title.

@@ Line 42: / Line 42: @@
 }}
 == Banks with English support ==
-* {{AffLink|bunq.savings|bunq Easy Savings}} – free online savings account with 1.31% p.a. <ref>as of 2023-01-25</ref>
+* {{AffLink|bunq Easy Savings|bunq.savings}} – free online savings account with 1.31% p.a. <ref>as of 2023-01-25</ref>
 == Comparisons with Calculators ==

@@ Line 41: / Line 41: @@
 }}
 }}
 == Comparisons with Calculators ==

← Older revision		Revision as of 16:20, 27 July 2022
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		+	<div style="display:none;"><ref name="affiliate" /></div>
	{{Head		{{Head
	\|Savings Accounts in Germany		\|Savings Accounts in Germany

@@ Line 20: / Line 20: @@
 }}{{FAQ/Item|q= How is my money protected? |a=
-Cash deposits of individual customers in the EU are insured under a  deposit guarantee scheme of the country where the bank is registered in.{{Cite|date=2022-07-27|url=https://en.wikipedia.org/wiki/Deposit_insurance#European_Union|quote=requires all member states to have a deposit guarantee scheme}} The insurance sum is currently in every country €100,000 (or equivalent).
+Cash deposits of individual customers in the EU are insured under a  deposit guarantee scheme of the country where the bank is registered in.<ref>{{Cite|date=2022-07-27|url=https://en.wikipedia.org/wiki/Deposit_insurance#European_Union|quote=requires all member states to have a deposit guarantee scheme}}</ref> The insurance sum is currently in every country €100,000 (or equivalent).
 So even if a bank goes bankrupt, '''your money up to €100,000 will be safe''', guaranteed by the government of the bank's country.
@@ Line 34: / Line 34: @@
 }}{{FAQ/Item|q= Are interest payments taxed? |a=
-* Yes, in Germany capital gains from savings accounts are taxed with the '''Withholding Tax'''. {{Cite|date=2022-07-27|url=https://en.wikipedia.org/wiki/Abgeltungsteuer#Germany Abgeltungsteuer|quote=The Abgeltungsteuer (German, from Abgeltung "settlement", "discharge" + Steuer "tax") is a flat tax on private income from capital.}}
+* Yes, in Germany capital gains from savings accounts are taxed with the '''Withholding Tax'''. <ref>{{Cite|date=2022-07-27|url=https://en.wikipedia.org/wiki/Abgeltungsteuer#Germany Abgeltungsteuer|quote=The Abgeltungsteuer (German, from Abgeltung "settlement", "discharge" + Steuer "tax") is a flat tax on private income from capital.}}</ref>
 * Basically, you pay '''25% flat''' on your earnings.
 * However, there's an '''allowance of €801 per year'''. It means that if you have earned less than €801 on interest payments in a year, you pay no Withholding Tax on this sum. Only earnings above will be taxed.

@@ Line 20: / Line 20: @@
 }}{{FAQ/Item|q= How is my money protected? |a=
-Cash deposits of individual customers in the EU are insured under a [https://en.wikipedia.org/wiki/Deposit_insurance#European_Union deposit guarantee scheme] of the country where the bank is registered in. The insurance sum is currently in every country €100,000 (or equivalent).
+Cash deposits of individual customers in the EU are insured under a  deposit guarantee scheme of the country where the bank is registered in.{{Cite|date=2022-07-27|url=https://en.wikipedia.org/wiki/Deposit_insurance#European_Union|quote=requires all member states to have a deposit guarantee scheme}} The insurance sum is currently in every country €100,000 (or equivalent).
 So even if a bank goes bankrupt, '''your money up to €100,000 will be safe''', guaranteed by the government of the bank's country.
@@ Line 34: / Line 34: @@
 }}{{FAQ/Item|q= Are interest payments taxed? |a=
-* Yes, in Germany capital gains from savings accounts are taxed with the '''Withholding Tax''' (''[https://en.wikipedia.org/wiki/Abgeltungsteuer#Germany Abgeltungsteuer]'').
+* Yes, in Germany capital gains from savings accounts are taxed with the '''Withholding Tax'''. {{Cite|date=2022-07-27|url=https://en.wikipedia.org/wiki/Abgeltungsteuer#Germany Abgeltungsteuer|quote=The Abgeltungsteuer (German, from Abgeltung "settlement", "discharge" + Steuer "tax") is a flat tax on private income from capital.}}
 * Basically, you pay '''25% flat''' on your earnings.
 * However, there's an '''allowance of €801 per year'''. It means that if you have earned less than €801 on interest payments in a year, you pay no Withholding Tax on this sum. Only earnings above will be taxed.

← Older revision		Revision as of 16:12, 27 July 2022
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	However, fixed deposits usually offer a higher interest rate.		However, fixed deposits usually offer a higher interest rate.
		+
		+	}}{{FAQ/Item\|q= How is my money protected? \|a=
		+
		+	Cash deposits of individual customers in the EU are insured under a [https://en.wikipedia.org/wiki/Deposit_insurance#European_Union deposit guarantee scheme] of the country where the bank is registered in. The insurance sum is currently in every country €100,000 (or equivalent).
		+
		+	So even if a bank goes bankrupt, '''your money up to €100,000 will be safe''', guaranteed by the government of the bank's country.
		+
		+	This of course only helps if the country itself does not go bankrupt. For that reason, some people '''also pay attention to which country''' the bank is registered in.

	}}{{FAQ/Item\|q= Are the interest rates fixed? \|a=		}}{{FAQ/Item\|q= Are the interest rates fixed? \|a=

@@ Line 1: / Line 1: @@
-{{DISPLAYTITLE:Savings Accounts in Germany (FAQ, Calculator)}}
+{{Head
-'''Savings accounts''' pay interest on your money. There are two types:
+|Savings Accounts in Germany
 * money market account (German: ''Tagesgeld'') and
 * fixed-term deposit account (German: ''Festgeld'').
 {{FAQ|

@@ Line 29: / Line 29: @@
 }}
 }}
-== Comparisons ==
+== Comparisons with Calculators ==
 === List of Money Market Accounts (''Tagesgeld'') ===

← Older revision		Revision as of 19:01, 23 June 2022
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−	{{DISPLAYTITLE:~~List of German~~ Savings Accounts}}	+	{{DISPLAYTITLE:Savings Accounts in Germany (FAQ, Calculator)}}
	'''Savings accounts''' pay interest on your money. There are two types:		'''Savings accounts''' pay interest on your money. There are two types: