Traditional bank savings products such as savings books, call money or time deposits are bank deposits, i.e. a claim against the bank. In short, you lend money to your bank.
The Ginmon savings account generates returns
Since the monetary policy of recent years has led to excessive liquidity, your bank does not need the money very urgently, nor can it find enough customers to whom it could lend the money. Often, therefore, it is merely stored at the central bank, for which, however, the latter now even charges a custody fee. Therefore, your bank is not in a position to pay you a high interest rate, but in many cases even demands a negative interest rate from you.
The Ginmon savings account, on the other hand, invests your money in the capital market. Through bonds to governments and companies, but also through a small proportion of shares and gold, the money goes where it is needed and can work for you.
In the capital market, it is therefore still possible to achieve attractive returns compared to bank deposits.
The money in the Ginmon savings account is available at any time
Bank deposits have no or a predefined term. Once this is reached, full repayment is made and reinvestment becomes due. The Ginmon savings account does not have a fixed term. It is spread over ETFs in a very large number of financial products and also remains permanently invested. Therefore, there is no fixed repayment amount at a given date. For a payout, however, a part of the investment amount can be sold at any time and the equivalent amount paid out.
Due to the fact that there is no fixed term, there are fluctuations in the value of the Ginmon savings account. However, it was designed specifically for the needs of savers so that fluctuations are limited downward. Here, the included bonds with short remaining terms as well as inflation-indexed bonds play a special role and provide stability. At the same time, the achievable yield ensures a steady upside potential that offsets inflation in the long term.