Difference between revisions of "Germany/Banking/Savings"
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== Which type of Saving account is right for me? == | == Which type of Saving account is right for me? == | ||
| − | * Money market deposit accounts (German: Tagesgeld) are accounts where you add an withdraw money all the time. | + | * Money market deposit accounts (German: ''Tagesgeld'') are accounts where you add an withdraw money all the time. |
** But: their interest rate keeps changing all the time, too. | ** But: their interest rate keeps changing all the time, too. | ||
| − | * Fixed-term or fixed deposits (Festgeld) have a fixed interest rate – but you cannot get your money for the period that you did set it up for. | + | * Fixed-term or fixed deposits (German: ''Festgeld'') have a fixed interest rate – but you cannot get your money for the period that you did set it up for. |
** Benefit: The interest rates are usually higher than on a ''Tagesgeld''. | ** Benefit: The interest rates are usually higher than on a ''Tagesgeld''. | ||
Revision as of 20:53, 18 February 2020
Which type of Saving account is right for me?
- Money market deposit accounts (German: Tagesgeld) are accounts where you add an withdraw money all the time.
- But: their interest rate keeps changing all the time, too.
- Fixed-term or fixed deposits (German: Festgeld) have a fixed interest rate – but you cannot get your money for the period that you did set it up for.
- Benefit: The interest rates are usually higher than on a Tagesgeld.
List of Money Market Accounts (Tagesgeld)
Template:German Money Market Accounts