I am always amazed at the ignorance and supposed knowledge of some users. Basic knowledge and insights are spoken down and immediately belittled.
Some time ago, I wrote something here about Bausparers. For God's sake. They are so bad, etc., and immediately.
Anyone who googles a bit will find under the [Bausparkasse] to which my account name leads, that is, the one with the fox, the existing offer for concluding Bauspar contracts with exactly these 0.95% interest rates. I would now conclude that or even several.
Fixed nominal interest rate from allocation 0.95%. Effective then at 1.44%.
The Bauspar loan is an annuity loan granted for housing-related purposes.
Under 8 years I don't get an offer there, so you would have to link it with a TA loan. And then you pay 4-4.5% interest every year for the interim financing while the building society saver gives a whopping 0.01%. The building society saver can hardly make that up. The 1.6% closing fee doesn't make the deal any better either.
If I want to build in a few years and want these very low interest rates, then I can secure them today. This opportunity will only be available for a few more weeks or days.
My intuition was simply to give a helpful tip once again. I really don't care whether some people make use of it or not. I have paid off my house. If I wanted to build, I would take a closer look at it.
But you can also wait and then pay 7 or 8 percent interest. Each to their own. And for all those who will need follow-up financing in a few years, this could be the lifeline.
Just now, a current daily interest rate of 1.3 percent was displayed in the advertisement.
well, take out a [Bausparvertrag], save 50% at 0.00% interest on the balance, and then you get the remaining 50% at 0.95%
since there are closing costs etc., you end up with an effective interest rate of 1.50%.
but until the contract is ready for allocation, you pay, even at the [Bausparkasse], the usual interest ;)
so how much do you have to save monthly to then get €400,000 in 5 years at 0.95%? ;)