Instant access savings as an investment

The terms play an important role in an investment

Keeping an eye on the terms when investing

With investment offers, the promised return is usually front and centre. The terms are then found in the so-called "small print". Yet those terms are decisive: fees and minimum or maximum deposits have a negative effect on what you earn. First, though, you should be clear about which type of investment offers which terms. Instant access savings accounts are often free of charge and offer a comparatively high return. Investments with a fixed term usually offer higher returns, but your money is not available for the agreed period. The traditional passbook savings account generally offers considerably worse terms than an instant access savings account. You should always compare the terms of different banks. If a bank charges fees on transactions, that has a negative effect on what you earn. You should also, as far as possible, avoid being tied to minimum or maximum deposits. An amount that differs from the one advertised very often leads to a considerably lower interest rate. A rate that is independent of the amount invested is therefore better for the saver. So to invest money profitably, savers should look at more than the headline rate and consider and compare the other terms too.

Interest terms - an important feature of an instant access savings account

Alongside the usual terms such as minimum or maximum deposits, it is above all the terms attached to the interest that decide whether an investment is worthwhile. Many banks offer new customers a higher rate than existing ones. What is more, those higher rates then apply only for a limited period. After that, customers get the standard base rate, which is still higher than on a passbook account, for instance. You should therefore always keep an eye on the interest terms. An interest guarantee promises you a certain rate for a certain period. Even so, your money remains available at any time, as is usual with an instant access savings account. With an interest guarantee agreed in the terms, you enjoy the advantages of a fixed-term deposit while still being able to access your money daily. Banks that do not offer promotional rates usually have a higher standard rate for all customers. DKB offers its good rates not just to new customers, but to all customers. Savers therefore need not worry about being left with only low interest after a certain time. The rate applies to every customer from the very first euro, with no minimum investment.

DKB's favourable terms

DKB offers its customers transparent terms and attractive offers. At DKB, the attractive interest is there for every customer from the very first euro. DKB stands for terms you can take in at a glance; it deliberately does without "small print", loss-leader offers and new-customer promotions. At DKB both opening and running the account are completely free of charge. DKB naturally covers the cost of the PostIdent procedure. DKB's terms are easy for anyone to follow and need no small print.