Munich Call money and time deposits are the most popular investment products among Germans. The search queries for the terms at the interest broker Weltsparen have increased by 524 and 353 percent, respectively. Other banks and intermediaries report a similar level of interest. And now there is even interest again.
However, the frontrunners are often banks that are hardly known and sometimes even come from abroad. And so there is uncertainty among many savers as to how safe the money really is there. Are deposits in a bank whose name is only known to insiders a good investment? How and to what extent are savings accounts secured if the bank holding the account goes bankrupt?
The Handelsblatt gives an overview of the rules of deposit insurance and provides information on what applies to home loan and savings contracts, life insurance and custody accounts.
In this way, call money, time deposits and other savings accounts are protected
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