React correctly

Old savings accounts are suddenly worth less

Inflation eats up the savings income and good contracts are terminated.

(Bild: APA/dpa/Daniel Karmann)

"Is the bank allowed to do this?" - Savers are queuing up at consumer protection offices because banks are simply terminating contracts that are unfavorable for them. As an affected saver, can you defend yourself, how should you react? An expert gave the "Krone" some useful tips.

Do you still have an untied, daily maturing "Uralt savings account" at home, where the interest rates adjust automatically and which is currently generating good returns? Then you could soon be receiving a call from your bank advisor - just as thousands of Upper Austrians have already received one.