Valuable treasures: How to find your old savings book and benefit!
Valuable treasures: How to find your old savings book and benefit!
Wien, Österreich - The interest on savings books are in a descent and many investors are unsettled. While some feel lost in the stock world, Christoph Boschan, the board of the Wiener Börse, gives valuable tips on how to effectively increase your assets despite the low interest rate level. In an interview with the Krone , he and financial experts explain that a monthly amount of only 100 euros can grow to an impressive property of 100,000 euros in the long term. There are simple "golden rules" to become financially independent, even in uncertain times.
old savings books: an unexpected discovery
At the same time, there is news for those who find old savings books in their drawers. Many people wonder if they are still valid and whether there are interest. A report by Test.de informs that DM-savings books can still be updated at the bank after decades. In the event of a find, the amount can be calculated with the official conversion course of 1 euro = DM 1.95583, and the accrued interest is added. However, GDR-MARK savings books suffer a different fate-they are worthless because all exchange deadlines have expired.
Interestingly, all savings books are documents that should only be used with their submission. If the book can no longer be found, it can still happen that banks allow a payment under certain circumstances, as explained by Tanja Beller, spokeswoman for the Federal Association of German Banks. There are also regulations that oblige banks to keep documents at least ten years, which can be potentially useful if a customer is looking for a forgotten savings book.| Details | |
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| Ort | Wien, Österreich |
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