You should consider Good Finance when choosing a home savings, as it is a state-sponsored form of savings. It is also unique in Europe that the state contributes 30% to the amount paid.
Home savings or Good Finance savings focus on either credit or yield . It’s a good idea to choose the version that suits us. If you would like to borrow at the end of the savings period, choose the loan Good Finances that have the word “loan” in their name. If you do not want a loan, choose the yield-focused options.
The loan variant has a lower deposit rate, but also a lower loan interest rate, while the yield variants have a higher deposit rate and a higher loan interest rate.
Fixed yield, fixed loan
The shorter the savings period, the higher the EBKM (Uniform Deposit Interest Rate) depends on the duration of the saving of a home. All four-year plans promise a fixed return above 10 percent. If we assume that we will have a fixed return, a 4-5 percent return on 10-year home savings is not bad either. However, comparing products is not as easy as it seems at first, says Money Center .
When comparing savings only and not calculating with a fixed loan at the end of the term, there are still three aspects to consider: the maturity, the HSE and the amount that can be drawn at the end of the savings. So choose carefully.
There are four, five home saving versions running per bank
In the name of home savings, the time span is named based on how many years the contract is for. For example, OTP Home Savings has a 4, 5, 6, 8, 10 year version. The more we can take out in the end, the longer we “fial” our money. In addition to the maturity, it affects the yield and the amount of money we spend on our Good Finance per month – the smallest amount is usually $ 2,000 per month.
Experts also recommend that the family “pool” Good Finance savings
One person can save only one, but up to five people in a family can create a nice return or credit. Uses can be aggregated into a property, and the allocation can be used by the family member who is financing the cost of the apartment (eg renovation, extension, replacement, purchase). This is the construction you should definitely consider when buying a home – if you have enough time to buy the property.