While daily money promises investors the greatest possible flexibility, fixed-term deposit accounts offer more security in terms of returns – you can find out more about this in the video above. Notice money is a form of investment that combines the features of daily and fixed-term deposits.
Unlike fixed-term deposits, there is no fixed period set in advance, instead there is an agreed period Notice periodfor example 30 or 40 days. You can usually pay additional termination fees at any time and even only make partial terminations. Unlike fixed-term deposit accounts, the interest rate is variable.
“The interest generally increases with the length of the notice period and the amount of the deposit,” says Prof. Schramm.
It therefore offers more flexibility than a fixed-term deposit, but less compared to a daily deposit. The decisive advantage for many customers: banks often offer higher interest rates for notice bonuses compared to conventional fixed-term and daily savings accounts.
However, this does not always have to be the case, as Stiftung Warentest says informed. Before investing, you should therefore compare offers from different banks. Depending on the bank, a minimum investment amount of, for example, 10,000 euros is often required.
“Among term deposits, notice deposits are now less important than fixed-term deposits”is Prof. Schramm’s conclusion.
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