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What is the best German bank for you? - All About Berlin

WebApr 7, 2016 · Germany is running a current account surplus of about 8% of GDP, which means that about one-third of all German savings (equal to 24% of GDP) has to be invested abroad every year. It has become by now almost a cliché that these huge excess savings are being wasted abroad. WebMay 18, 2024 · There are three main kinds of savings accounts in Germany, as follows: Sparbuch: literally saving book, or an account where you can deposit as much money … new directions west la va

A guide to opening up a German bank account Expatica

WebApr 8, 2024 · Interest rates are on the rise, with some banks now offering as much as 3 percent on savings accounts. Here's why it could make sense for people in Germany to stash some money away now. WebDec 2, 2024 · To earn a higher interest rate on your money, consider these five alternatives to a traditional savings account. 1. Certificates of deposit (CDs) The basics. A certificate of deposit is a type... WebCertain standard rates apply that are based on the rates for German students. From 1 January 2024, the presumed annual requirement that must be paid into the blocked account when applying for a ... new directions west program