Call money & current account: Optimizing finances is almost always worthwhile

Few people pay close attention to their finances, although a lot of money can be saved by carefully choosing the right investment products. Almost everyone has a current account, but many people still have one with a bank that charges hefty account management fees. This does not have to be the case, because an online checking account can quickly save 100 euros and more year after year. In addition to free account management, many offers convince with additional services, such as a free credit card, for which other banks have to pay heavily. Choosing the right account saves a lot of money, which is why an online checking account comparison is almost always worthwhile.

A lot of money can be given away, especially in the field of financial investments: Large amounts are still slumbering in mostly low-interest savings books, although there is a very attractive alternative to this with overnight money. An online overnight money account in particular often impresses with its particularly high-interest rates, as the administrative costs are quite low. Particularly noteworthy is the Icelandic Kaupthing Edge Bank’s call money account, which pays interest at an interest rate of 5.65% pa for the first six months.

The problem of credit dependency when comparing loans

The ability to apply for credit and loan applications over the Internet has been enjoying increasing popularity in recent years.

Due to the increasing complexity of the market and a rapidly increasing number of providers, it is not always easy to compare the various loan offers for end customers. In addition to the innovative direct banks, the classic branch banks now also offer their loans online, and there are also a number of brokers and sub-brokers on the Internet who only pass on the end customer’s loan requests to one or more credit banks.

In view of the comments made on the market situation in the area of loan financing offered online, many prospective loan buyers are looking for comprehensive loan comparisons. Numerous finance portals on the Internet offer this, but the comparability of the various loan offers is influenced by several factors.

In addition to the phenomenon of shop window interest – this refers to the application of a loan offer with a low starting interest rate, which only applies to ideal term-loan amount combinations – the phenomenon of credit dependency must be pointed out in this context. Numerous credit banks have meanwhile started to base the final loan offer on the creditworthiness of the applicant. The specified effective interest rate is only to be assessed as a lower limit, the individual offer can turn out to be worse (in some cases significantly) if the interest rate depends on the creditworthiness. A comparison of creditworthiness-independent and creditworthy-dependent credit providers is therefore fundamentally not possible without individual data, here only a request for terms and conditions helps to create a better basis for comparison.