Tag: Premium savings contracts
Consumer center calls for more legal clout for Bafin
BaFin in Bonn Collective consumer protection is now also one of the tasks of financial supervision. (Photo: imago images/Schöning) Frankfurt For around eight years, the financial supervisory authority Bafin has…
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…
Savings banks rely on customers not knowing
savings bank In the dispute over the right interest rate for long-term savings contracts, the savings banks have not yet approached their customers. Only a fraction of savers fight in…
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