Zoltart : Loan And Mortgage Information

The auction savings

by admin on 24/12/08 at 10:29 am

With the economic crisis of recent years, saving has become increasingly difficult and for this l Holland has had a very particular.

To increase competition among banks, but give everyone the opportunity to obtain the money was thought to put the savings at auction.

Just like on an item, the money is put “at stake” to the bank the highest bidder.
A customer (at no cost to participate) will give the money to be deposited; the banks will make offers that can then be assessed.

Important feature of this offer is that time, terms and amount of deposit shall be decided by the customer, then the bank will offer an interest rate.

It will be easy or fierce competition between banks will hold certain range of offers?