Similar Posts

Subscribe
Notify of
8 Answers
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
dieLuka
7 months ago

If the savings book does not have any bombastic zinsen it has no advantage to day money as less available.

Money on the daily money is well available with a bit of interest and “from the eyes” what makes it better than Giro.

But it is not inflationary.

In so far, daily money is great to save and store the emergency food. It’s not good to have everything you have to bunk.

dieLuka
7 months ago
Reply to  Bastibreuer

Prices are rising.

Imagine you have €100 and today you will get a concert ticket.

Instead of buying a concert ticket today, you save 100 € because you are currently not interested in a concert. Wg inflation/price increase costs a comparable concert ticket in a year 105 €. But you still have 100 €.

Let’s get you 2 % a year. Then you have 102 € in one year. If you get 5% you have 105 €. If you get 6%, you have 106.

And this now on a larger scale is 10 or 20 or 30 years and not 200 € but 10 000 or so €.

Genervter0815
7 months ago
Reply to  Bastibreuer

Interests are capital you get for your money. So you’re getting money because you’ve got your money out there. If you get more, it’s logically better.

To this is the inflation that makes your money less worth.

DuckDuck99
7 months ago

On a savings book you can watch how it loses purchasing power.

Flonki
7 months ago

In a classic austerity book, interest rates are usually under current inflation to prevent this. That’s why money is spent in daily money. In the broadest sense, the modern version of a savings book

danitom
7 months ago

There is no interest on a savings book, as there are much better investment opportunities.

archibaldesel
7 months ago

Nothing.