The decision between overnight money and fixed deposits depends on what you are doing with your money and how flexible you want to be. Both forms of investment offer advantages and disadvantages that match various savings destinations.
When does call money fit better? Daily money is ideal if you want to stay flexible. Your money is available at any time so that you can use it spontaneously – be it for unexpected expenses or short -term purchases. A call money account is also perfect as an emergency egg, since you do not have to consider fixed terms.
- Advantages of the overnight money:
- Access to your money at any time
- Secure by deposit protection
- Variable interest rate, often attractive for new customers
When is fixed deposits the better choice? If you do not need your money for a fixed period and would like a secure interest rate, fixed deposits are the better choice. The interest is guaranteed, regardless of market fluctuations. This makes fixed deposits particularly attractive for medium -term to long -term savings goals, e.g. B. the car purchase or a bigger trip.
- Advantages of the fixed deposit:
- Fixed interest rate over the entire term
- Higher interest rates than in the overnight money (with a long time)
- No risk from market fluctuations