“First German bank breaks through the 4 percent barrier”, the media from the neighboring country reported with delight. And indeed: after the credit interest rate, interest rates on savings are slowly rising again. Anyone who can put money aside despite inflation will finally be rewarded after years of – real – loss of value. The “Krone” looked at which banks offer the best conditions – and whether an investment abroad pays off.
According to a recent IMAS survey of 1,000 respondents, nine out of ten Austrians consider financial provisions important, while six out of ten believe that they can no longer afford provisions due to inflation. Those who still manage to put away a piggy bank, prefer to do so with a savings account, followed by a life insurance policy and a savings contract.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
