The “Bausparer” has been a popular form of savings among Austrians for decades. Now that interest rates have risen again after a long time, home savings offers a safe and uncomplicated investment haven – a home savings contract is simply considered a reliable investment opportunity.
Offers with up to 3 percent interest for one year*
A Bausparer promises security, peace and relaxation for savers who want a predictable savings product. When taking out a home savings contract you can choose between variable or fixed interest rates: depending on whether you want to take advantage of the currently rising interest rates or prefer to play it safe, there is something for every type of savings. And whichever variant you choose: in the first year after signing the contract, all customers receive the
s Bausparkasse 3 percent interest*. The offer for this can be found at www.sbausparkasse.at/de/bausparen/bausparen-infos.
And not to forget: In addition to the savings interest, there is a government pension premium, which is currently 1.5 percent per year.
Happy life: equity more important than ever
After six years you can freely use the home equity savings loan and nothing stands in the way of fulfilling smaller or larger wishes or investing the money further. Often a home savings contract is used to build up equity for future housing purposes – the credit from one or more home savings contracts provides a solid foundation for this.
s Bausparkasse customers also receive financing benefits with long-term and secure s Bauspar loans. the loan of
s Bausparkasse scores with special security features and the simple and convenient option to submit online at www.sbausparkasse.at/wohnglueck.
For the future of the children
Many parents and grandparents value the savings contract as the ideal form of savings for their children and grandchildren. The term is ideal for future expenses: When the savings contract expires, part of the credit can be used to decorate the nursery or school trips, for example. And on the threshold of becoming an adult, there are often costs for a driver’s license or the first flat share. Families who can bear these expenses out of current income will simply continue to invest the money. Totally relaxed. Save relaxed with s Bausparen.
To ask? below www.sbausparkasse.at You will find more information and the customer service at Bausparkasse will be happy to help you on 05 0100 – 29 900 or info@sbausparkasse.at please continue.
*3% interest for the first 12 months on deposits up to the contract amount (monthly savings x 240). Thereafter, either a variable interest rate between 0.10% and 4.25% per year according to the indicator (s Flex-Bausparen) or a fixed interest rate of 1.0% per year or, with a one-off payment of 7,200 euros in the first month , an interest of 1.5% per year (s building savings plan). Effective annual interest rate before capital gains tax floating rate between 0.47% or 5.12% per annum or fixed rate 1.34% per annum or fixed rate with one time payment 1.88% per annum.
Calculation assumption: 100 euros monthly savings, 6 years term,
Monthly maintenance costs of 0.62 euros, 1.5% state bonus of the deposit in 2022, then between 1.5% (up to 18 euros per year) and 4% of the deposit (up to 48 euros per year).
Source: Krone
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
