Banks like the German Kreditbank Berlin are increasing their interest rates on call money. But what is a call money account anyway? BuzzFeed News enlightens.
Saving money is especially important in times of crisis. For example, everyone should have a nest egg of a few months' salary on the high edge. But where is the best place to invest your money? The options range from stocks, ETFs to time deposit accounts and savings accounts. Call money accounts are also an option – mainly because many banks are now increasing interest rates there. This also applies to Deutsche Kreditbank Berlin (DKB) and ING.
BuzzFeed.de knows what's behind money market accounts and where the interest rates may be too good (high) to be true.