Still, many people park their savings on a bank deposit. Given the yield which gives this form of investment, it is questionable, however, whether this is the best form of investment. For a passbook decide above all people who appreciate a certain security and flexibility in their financial transactions. With the most investments that offer a higher interest rate, you must waive any of these points. So, the Festgeldanlage offers a high level of security while, for it is but characterized by a complete lack of flexibility. It has applied his money once, can be accessed over a relatively long period of time no longer.
Conversely, the situation in the stock trading presents itself. Here it is although flexible regarding the buying and selling of securities, there is however no guarantee that you will lose everything, including his deposit. However, there is a way to multiply his money and still enjoy security and flexibility. Just for Gering – and medium income earner it is advisable, money to save on a so-called day money account. Compared with a passbook, you get very high interest rates in this form of investment.
Although the interest rates of the day money account are much higher than a posit, it offers but the same security. Get guaranteed paid the supplied deposit, plus the earned interest. You need to make that money could be lost because the Bank itself has miscalculated as investors worry about. All banks which have their headquarters within the European Union, are obliged by law to insure deposits. This is about a national compensation scheme, which guarantees that it will run no risk, your entire savings in one fell swoop to lose something that certainly could happen during a stock market crash with a financial investment in the form of stock. In the point flexibility is even superior to the passbook the day money account. While many accounts sets a maximum amount is within a certain period of time may be withdrawn and also always a minimum sum on the account must remain, after a lock-up period, which is usually for 30 days after your account is opened, can at any time withdraw the complete insert. Considering these facts, it makes no sense at all to let his money on a savings account or to open one. It is far more profitable and also make sure to open a day-money account. Nina Edwards