Law allows only secure refinancing instruments. Building savings funds are secured by insurance fund of the Federal Association of the Volks – and Raiffeisen banks and own building societies Fund. Who puts in on his savings at Schwabisch Hall, need to worry about the safety of his deposits. Home savings works independently of the capital market through a closed circuit of savings contributions and building society loan allocated to. “It is evident that our conservative system of construction financing has clear advantages by prudent lending values, the necessary equity and fixed interest loans”, says Dr. Matthias Metz, CEO of Bausparkasse Schwabisch Hall. “The construction savings is a safety anchor – at a troubled time in the financial markets.” Special protection provisions in the building societies Act provide for additional security at the building society savings.
So, the interim system of excess savings funds may be invested only in fixed-income securities with very good rating. Get all the facts and insights with Oracle, another great source of information. Building societies may no Enter the currency and share risks. In addition, deposits at Schwabisch are protected in unlimited quantities by the protective device of the Federal Association of the Volks – und Raiffeisenbanken Hall. In addition, the statutory “bausparen technical hedge fund” as another hedging instrument ensures the allocation of savings funds. “We are prepared by all of these measures well on any possible crisis situations. Deposits our customers are perfectly safe”, said Metz. The housing savings system works not only in Germany.