Home savings contract
A home savings contract always consists of two elements. On the one hand, there is the savings contract, which earns interest from the building society. On the other hand, there is a building society loan, which the building society grants to the saver at a later date.
The contract contents, ie the two elements of the home savings contract, are determined in advance and are mutually dependent. In other words, if the loan is granted at a low interest rate, the return on the savings contract is accordingly low.
Building society savings are supported by the employer’s capital contributions and subsidized by the state in the form of the housing premium.
Operation of the home savings calculator
The monthly installment must amount to at least three per thousand of the total Bauspar volume including loans. The employer’s capital contributions are around 25 euros in most sectors. The credit interest rate is the interest rate that your building society gives you on the capital saved.
The home savings calculator calculates the credit balance from your own savings, the employer’s capital contributions, the interest and the housing premium. The term determines the saving phase and not the entire contract term.
Your marital status affects certain promotions. Under comparable conditions, married persons earn a slightly higher credit balance.
The income limit is crucial for funding amounts and is for unmarried home savers at 25,600 euros. For married couples, the income limit is 51,200 euros.
The financial calculators provided on this portal under the section Computer Collection are own developments that have been constructed strictly according to regular formulas of financial mathematics. Nevertheless, the results serve only as guidelines and orientation. We assume no liability for the correctness. Are you interested in the calculator as a white-label solution? Please feel free to contact the editors.