Tag: Interest calculation
Sparkasse has to pay thousands of euros in interest
Frankfurt In the dispute over premium savings contracts, a higher regional court (OLG) has decided on the exact calculation of interest for the first time. The OLG Dresden ruled that…
More savings banks are ready for additional payments
Frankfurt The German savings banks are making a turn in dealing with controversial payments from premium savings contracts. More and more savings banks are at least open to paying customers…
Consumer advocates accuse savings banks of gambling on the statute of limitations on customer claims
savings banks Finanztip, Finanzwende and Verbraucherzentrale Sachsen are calling on savings banks to pay interest from savings contracts. (Photo: Arne Bänsch/dpa) Frankfurt In the dispute over the correct interest rate…
Savings banks and Volksbanks ally in a struggle with the Bafin
This emerges from a letter from the Federal Association of Volks- und Raiffeisenbanken (BVR), which is available to the Handelsblatt. “In the meantime, together with the German Savings Banks and…
Long-term savings contracts: “Changes according to the landlord’s style” – BGH opens the gate for high interest payments to savers
Consumer advocates see themselves largely confirmed by a ruling by the Federal Court of Justice. Accordingly, many subsequent rate cuts in savings contracts are ineffective. .source site