Profit saving

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Profit-saving, issued by the Rheinische Profitsparverein e. V., 1982

Profit saving , wrongly also bonus saving , is called a savings contract with lottery . This combination is offered by cooperative banks and savings banks . The bank sets aside part of the stake for the customer and pays it out at the end of the year.

course

The stake is debited monthly from the customer's current account by direct debit . Profits are credited to a savings account monthly and the savings contribution as a total amount annually . The customer can only dispose of his savings after termination of the contract. Draws, often for prizes such as cars or trips, take place monthly.

providers

Financial institutions that offer profit saving are:

history

Profit saving is an invention of Vereinsbank Wiesbaden (today: Wiesbadener Volksbank ). On September 22, 1950, the profit saving association Wiesbaden e. V. starts work at the Vereinsbank. Initially, the Volksbanks and other cooperative institutions founded profit saving associations. From 1952 the savings banks, later also individual private banks, imitated the idea.

literature

  • Wiesbadener Volksbank: Festschrift for the one hundred and fifty year anniversary. Wiesbaden 2010, p. 118.
  • Bernhard Schramm : The Volksbanken and Raiffeisenbanken. Frankfurt am Main 1982, ISBN 3-7819-1117-9 , p. 85.

Web links