Dhe savings plan is becoming the new savings book for more and more Germans. Since conventional savings options such as overnight money or fixed-term deposit offers have stopped paying interest for years, banks have been seeing growing demand for securities savings plans for some time. Once a month or once a quarter, investors can invest a fixed sum in a financial product and benefit from the price developments on the stock market with a steadily growing amount.
Not only funds and ETFs are popular, more and more investors are regularly investing money in individual stocks in this way, as Sven Deglow, the head of the direct bank Consorsbank, now reports in an interview with the FAZ. “In the current year until the end of September, Consorsbank concluded for the first time more share savings plans than ETF savings plans,” says Deglow.