Schleswig-Holsteiner have hardly any money on the checking account-alarm level red!

Schleswig-Holsteiner have hardly any money on the checking account-alarm level red!

In Schleswig-Holstein, striking patterns can be seen in the financial resources of the residents. As the NDR , many people in this state have far less money on their checking accounts than the rest of Germany. A survey by the Smava loan portal shows that about 27% of Schleswig-Holsteiners have less than 1,000 euros in their account. This is particularly catchy when you consider that nationwide every ninth has more than 10,000 euros in the account.

The financial expert Michael Herte from the Schleswig-Holstein consumer center explains that from a financial point of view it makes sense not to park high amounts on checking accounts. The reason: these accounts usually do not throw interest rates, which is why the savings on savings books or overnight deposits are more profitable. There is also a risk: accounts that are used for payment transactions are susceptible to fraud because they can be easily "cleared".

alternative savings options

Condition or terminals offer more security here. These require an additional step to book money, which offers certain protection against unauthorized access. The possibility of generating interest with such an account is also an important advantage.

Susceptibility to fraud is an important topic, this must be considered. More and more people are questioning their banking transactions, which is also clear in several surveys. Almost 97% of the respondents in Germany have a checking account, but many use it more as a pure means of payment and less to save. According to account , 14% of the Germans even have two accounts, while direct banks have an increase of 4% in use.

costs and savings potential for checking accounts

Another interesting aspect are the cost structure and competition in the checking account market. The Stiftung Warentest recently examined the prices of 701 different checking accounts. On average, each account holder spends around 120 euros a year, whereby free accounts and cheap offers are increasingly becoming the focus. It is not uncommon for consumers to save more than 100 euros annually when changing.

Eleven free accounts without conditions have been tested - this is a significant increase compared to only around 20 five years ago. Young adults from the age of 18 in particular benefit from special offers and often favorable conditions that apply up to the age of 31. In the case of an annual price comparison, it could be worthwhile to look for cheap alternatives.

The financial situation in Schleswig-Holstein not only reflects individual decisions, but also larger social trends. While people in this country often have little money on their checking accounts, this promotes more conscious use of money and shows that it can be crucial to find out about alternatives.