Instant access savings: a flexible form of investment

Instant access savings offer many advantages compared with other forms of investment

Instant access savings – a flexible and secure financial product

Instant access savings are an interest-bearing credit account. A credit account means you can only work with the money actually available in the account. There is no overdraft facility. The instant access savings account also cannot be used for day-to-day payments. Money paid into and out of the instant access savings account goes exclusively via a reference account nominated in advance. A significant advantage of instant access savings compared with other investments is that they are not tied to notice periods or fixed terms. If you need money from your instant access savings account, you can transfer it to the reference account straight away. Another plus is that you always earn the full interest, however much you pay into the account. DKB requires no minimum deposit.

How the instant access savings account works

Opening an instant access savings account could hardly be simpler. At direct banks such as DKB you can complete an account opening application online and submit it electronically. Your identity is checked using the PostIdent procedure, where you confirm your identity at a post office with your identity card. Simply take the printed PostIdent coupon to a post office near you. The post office staff take care of the rest. DKB covers all the costs of the PostIdent procedure for you. When opening the account you have to give a reference account. That increases the security of your instant access savings, since money from your account can only be transferred to the reference account you nominated. Running the account at DKB is of course free of charge, so the instant access savings account costs you nothing at all. With the credit account at DKB you can manage your instant access savings online and so keep track of your transactions at any time. You can also transfer money flexibly into the instant access savings account online, or back from it to the reference account. Your investment in the instant access savings account is available daily.

The security of instant access savings

Savers can invest their money safely in a DKB instant access savings account. DKB offers a high level of security for instant access accounts. The DKB instant access savings account is protected by the most modern and advanced security procedures. Data transmission is protected with SSL and 128-bit encryption. DKB protects your online banking area with a secure website (https). It also uses login details. These details must be very secure and meet strict rules. Customers' personal and security-relevant data is protected by the particularly advanced and secure mTAN procedure. With it, we always send your mTAN directly to the mobile phone you have registered with us. DKB offers this procedure free of charge. DKB's payment system has been awarded the "Certified payment system" seal by TÜV Saarland. The security of the online banking, the service quality of the staff and how easy the online banking is to use were all particularly praised. Would you like additional tips for using your computer and online banking? You will find further information on DKB's homepage at www.dkb.de. DKB will never send you an email asking you to disclose your bank details.