Financing needs/opportunities

I also have such an old home savings contract with 2% + 2.5% if the loan is not used. It should actually be as you describe. The disadvantage will be that everything has to be paid interest on within one year, so the allowance will not be sufficient, and therefore you can only expect a payout of 3.4%. What I do not know is how the withdrawal affects the clause.

In addition, you should be careful not to overfund the home savings contract and that it does not become eligible for allocation for longer than 10 years. That now leads to termination.

They are still far from over-saving and we still have a 5-9 year buffer to the 10 years for the allocation.

The thing with interest / allowance is of course a valid point. But anything > 2% is still better than 2%. You just shouldn't be disappointed if you don't get the whole cake.

Eigentlich sollte das so sein, wie du beschreibst.

It would be nice if someone could confirm that. Maybe someone recently cashed out a home savings contract without a loan. Or it was terminated.
2% and 5% have been a huge difference over the past 14 years... even if the state will of course hold out its hand for >1,602 € allowance.

The disadvantage will be that everything has to be interest-bearing in one year

With my old building savings contract, the interest is credited annually and the withholding tax is also deducted annually. The same applies to my wife's two building savings contracts.
The tax is withheld when the interest is credited and not only when the balance is paid out after so many years.

So with my old building savings contract, interest is credited annually and the withholding tax is also withheld annually. The same applies to my wife's two building savings contracts. The tax is withheld when the interest is credited and not only when the balance is paid out after so many years.

For the normal interest, you are right. For the special bonus (here 5%), which is only paid out upon loan waiver, the taxation of course takes place in the final year.

Ok, I didn’t read it correctly. But it’s not five percent more, but then three percent more, because he already gets two percent and it increases to a maximum of five.

That’s correct. It does not increase by 5%, but to 5%.

Calculating a lot does not improve the income or make financing cheaper. The calculated income surplus has no practical significance, as the reality looks quite different in most cases.

Start recording your account transactions and observe how your monthly cash flow develops. It should be noted that about 200 euros per month still go away from the surplus, for the depreciation of each vehicle assigned to you.