Savers received hardly any credit interest and paid higher interest for loans than at the house bank. The calculation did not work out for many customers. That is changing with interest rate increases: because building societies are slower to adjust their interest rates, some still offer real estate loans for less than 1.5 percent interest – while banks currently charge around three percent for standard real estate financing.
Access to all STERN PLUS content and articles from the print magazine
ad-free
Already registered?
