A savings account is distinguished by the fact that payments are available daily, at its discretion at any height. For withdrawals, however, this unlimited flexibility applies only with minor limitations.
is basically meant by "savings accounts" the classic form of investment, which is connected to a three-month notice period for the customer. However amounts of up to 2,000 € per month as allowance thereof except, that is available daily. If this amount is exceeded, the advance will be charged interest at the expense of the account holder. They amount to a quarter of credit interest. It is therefore with higher payouts as a result of a Interest rate reduction, but not to capital losses.
Nevertheless, this aspect of the slightly limited flexibility is a crucial point to be compared to alternative possibilities of interest-bearing investment of cash reserves such as call money, credit card account or money market funds . The latter are sometimes provided with a small initial fee, but not if you buy through independent financial advisers entailing a discount Fund.
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