Savings Books More Popular than Building Saving

Businessn.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%…

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