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Savings contracts in danger: Terminations by banks increase!
Banks are increasingly terminating long -term savings contracts. Affected savers are looking for legal clarity in AK consumer protection.
Savings contracts in danger: Terminations by banks increase!
In the past few months, reports of banks have been increasing that cancel long -term savings contracts. Many unsettled savers have contacted the Styria Chamber of Labor in order to obtain clarity about the legal possibilities in such cases. The terminations primarily affect accounts with variable interest rates that are bound to the severely increased 3-month neuribor. These interest rates have now exceeded the 4 percent mark, which has become intolerable for some banks, and they react with the dissolution of the corresponding contracts, according to ).
However, savers should be aware that the remediation of savings is also subject to conditions and, if necessary, can be offset against advance interest rates that reduce the interest advantage. It is therefore advisable to carefully compare the new offers and costs of the banks, either through personal contact or with the help of the AK banking calculator to find the optimally suitable savings account.