Savings Books More Popular than Building Saving

Business › n.a. ♦ Published: May 14, 2012; 17:41 ♦ (Vindobona)

After the cut in the bonus for building savings, savings books are more popular again in Austria.

Savings Books More Popular than Building Saving / Picture: © Vindobona.org

For Austrian savers, the traditional savings book is more attractive than building saving. The austerity package caused a massive cut in the bonus for building savings. Since 1 April, the public bonus was lowered from 3.0% to 1.5%. 5.2 million Austrian savers are affected.

As a result, the most popular type of investment is the classic savings book. The popularity rose from 44%…

or Log In

Fast News Search
Related News
Saving Rate Falls Further (April 28, 2012)
Saving Rate Falls (April 5, 2012)
Total Assets of Austrian Banks Beyond € 1.0tn (March 30, 2012)
Austrian Real Estate Market is “Sold Out” (March 20, 2012)
Investments: Austrians Prefer Security (February 10, 2012)
Read More
Surveys, Investments, Savings, Real Estate Industry, Capital Markets, Gold
Featured
See latest Vindobona Newsletter