Saving safely and profitably with an instant access account

Save safely and profitably with an instant access savings account

Germans save for retirement and larger purchases

Saving matters a great deal to people in Germany. A survey of 1,250 Germans commissioned by Versicherungskammer Bayern found that 82 per cent do not touch their retirement provision even in times of crisis. On average they save around 130 euros a month for retirement. Germans also regularly put money aside for large purchases such as a car or furniture. Since money loses value through normal price inflation, it is important to save not just in a piggy bank but in the form of a lucrative investment. That investment should not only offset the loss of value, but generate income. There are numerous ways to save money profitably.

Saving in different ways

Children learn flexible saving with a passbook account. But the low rate on that investment barely offsets the loss of value. Fixed-term deposits deliver high returns, but the money is not available for the term of the investment. Instant access savings, on the other hand, combine lucrative saving with the greatest flexibility, and so bring together more advantages than either a passbook or a fixed-term account. Anyone wanting to save profitably can buy units in funds. A high-risk investment can produce a particularly high return - but extreme losses are equally possible. Since most people are looking for a safe and flexible way to save, many choose an instant access savings account, because it combines those advantages with comparatively high interest.

Saving flexibly - the instant access savings account makes it possible

Anyone wanting to save in an instant access savings account should compare the different providers closely first. Not only the interest rates, but also the other terms attached to the investment, vary considerably in places. You should pay particular attention to saving with online banks when choosing the right provider. You earn attractive interest. Opening and running the account normally cost nothing, so your gains are not reduced. With DKB you can start saving as quickly as possible. Opening an instant access savings account is quick and easy. You register online, complete a form and confirm your identity as the account holder through the PostIdent procedure at a Deutsche Post branch. After that verification you can activate the instant access savings account and use it in full.