Difference between revisions of "Germany/Banking/Savings"
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'''Savings accounts''' pay interest on your money. There are two types: | '''Savings accounts''' pay interest on your money. There are two types: | ||
| − | * | + | * money market account (German: ''Tagesgeld'') and |
| − | * | + | * fixed-term deposit account (German: ''Festgeld''). |
<div id="faq"/> | <div id="faq"/> | ||
Revision as of 01:34, 5 February 2022
Savings accounts pay interest on your money. There are two types:
- money market account (German: Tagesgeld) and
- fixed-term deposit account (German: Festgeld).
Frequently Asked Questions (FAQ)
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)
List of Fixed Deposit Accounts (Festgeld)