Graz (OTS) – If you visit your bank these days or on World Savings Day (October 31), the picture is similar to that of previous years: the interest rates offered for savings accounts are sobering. There are a lot of tendencies that are touted on the Internet, so be careful.
Saving has been a losing business for years. It is difficult to make a recommendation for this, says AK banking expert Sandra Battisti. Of course, “there should always be a sufficient nest egg in the savings book”, but consumers should use the remaining money to think about what to do.
Beware of cyber crime
But be careful: It is essential to pay attention to seriousness when investing. “With high interest and profit promises one should be skeptical – keyword cybercrime,” warns Battisti. Countless criminal online trading platforms such as Option888, xTraderFX or SafeMarkets cavort on the Internet and gamble off investors. Battisti: “Prosecution is difficult or impossible.”
Take advantage of low interest rates
Those who have higher sums of money could, for example, consider paying off their loans early. Battisti: “You can also pay back up to 10,000 euros per year on every loan ahead of time without the bank being allowed to demand compensation for the lost interest.” Especially with “old” home loan and savings loans, which still have a lower interest limit of between 3 and 4.5 percent, the partial repayment brings real savings to borrowers.
All information can be found at www.akstmk.at/presse
Inquiries & contact:
Chamber for workers and employees for Styria
Marketing & Communication
Hans-Resel-Gasse 8–14
8020 Graz
05/7799
– .
