Austrian home loan calculators in comparison

Building savings seems to be one of the last lucrative forms of savings for average households. But does this calculation still work out today? What specific returns can be expected from a home savings contract?? Building savings calculators from the net want to answer these questions. We have therefore looked at where to find home savings calculators and how well home savings can be evaluated with such a calculator. Here we show a comparison of the tested home savings calculators.

The building savings contract from the computer

Actually, building savings in austria is not particularly complex. Over six years, smaller sums are invested and rewarded with interest on savings and a state home savings bonus. But this is where the uncertainty begins. Because savings rates are rarely fixed, which brings fluctuations in interest earnings. In addition, the home savings premium is reset from year to year. If the deductions due to capital gains tax (kest) and bank fees are added, it is no longer easy to predict what the final result of the home savings will be.

Fortunately, the internet also offers solutions for such cases. So-called home savings calculators are supposed to tell people who want to save in advance what they can expect from their home savings contract. But are these tools reliable at all?? We have looked at some home savings calculators in comparison.

Building savings calculator in comparison

© sbausparkasse | it's as easy as it looks: the sbausparkasse home loan calculator is just a few clicks away with its..

© raiffeisen | building savings in yellow: the building savings contract calculator of raiffeisen bausparkasse does a good job in terms of information and..

The most obvious providers of home savings contract calculators on the net are, of course, the four austrian home savings banks. First, there is the bausparrechner of sbausparkasse. The tool is simple and easy to use, with only 3 input functions: the type of home savings contract, the desired division of the savings installments (monthly, annual, one-time) and the desired savings installment. The latter is controlled with a slider at z.B monthly savings rates set between 30 and 100 euros. The most difficult part of the entry is the choice of the type of home loan savings account. Because here you have to choose one of the in-house tariff models. Then the calculator takes over and shows the expected savings performance for minimum and maximum possible interest rate developments. Advantage: everything is done with just a few mouse clicks. Disadvantage: to compare the conditions, it is cumbersome to switch back and forth between the rates. In addition, the kest is not taken into account in the calculation, and bank charges are not listed separately. This limits the significance of the numbers somewhat.

The building savings contract calculator of the raiffeisen bausparkasse is quite similar, but a lot more yellow. Here, too, the three steps of rate selection, desired payment intervals and savings amount are carried out one after the other. However, the selection options are somewhat more generous. So there are more rates, plus quarterly or semi-annual deposits are also possible. The greatest advantage, however, is that the calculated result takes into account both fees and kest and thus indicates the effective savings performance. Incidentally, the minimum and maximum expected savings are also compared here.

© wustenrot | the wustenrot home savings calculator requires two input steps, but the result reveals at a glance which..

© start bausparkasse | the building savings calculator of the start bausparkasse also does not want to do without a schufa regulator. What him against..

The wustenrot home savings calculator also follows the tried and tested scheme of the three calculation steps. However, the layout here is somewhat different. First, only the desired tariff is selected in a first step. Only then, in a second step, do you specify the payment period and the desired payment amount. The clou: monthly and annual payment models as well as the one-time payment are always displayed and updated at the same time. This way, the user always has an immediate overview of which model will be the most profitable. Also helpful are the attached explanations, which provide at-a-glance information on what to think of as minimum and maximum credit balances. In terms of deductions, this calculator takes a middle ground: bank fees are included, but kest is not included.

Finally, the home savings contract calculator from start bausparkasse is more compact again and carries out all three steps in one window. Here, too, the slider is found. However, there are only 2 tariff models to choose from. For this, calculations can be made both with and without taking into account the kest. This creates a sense of the amount of these deductions. Bank charges, on the other hand, are not listed separately. The notes below the calculator explain the calculation basis in detail, but are a bit of a challenge for the layman.

The alternative: comparative calculator

© durchblicker.At | who has not yet decided and is looking for the full overview, falls back on a comparative calculator. The tool..

Even skeptical natures will welcome the help in calculating, but immediately object that they don't even know which of the many different rates would be the better one for them. For such cases there is another form of home loan calculator on the net, which can rather be called a comparative calculator. They can be operated in a similar way to the building society savings calculators, but they include the offers of all four providers, making them comparable!

The comparison calculator on durchblicker offers such an example.At. After the general conditions for the building savings contract have been specified by the user, the offers of the building savings banks are listed below each other with the corresponding conditions. Here, the respective effective savings interest rate is shown, which also takes deductions into account, as well as a possible bonus payment when concluding the building savings contract online. If you like one of the offers, you can click on "compare details" to weigh up all the directly competing rate offers from the four building societies in table form once again. Particularly worthwhile here is the direct comparison of the account management fees.

The comparative winner

If the home savings calculators of the home savings banks are placed in competition with each other, two comparative winners can actually be determined. While the raiffeisen bausparkasse calculator is clearly ahead in terms of transparency, the wustenrot model is particularly impressive in terms of user guidance. Both calculators thus guarantee a minimum level of honest orientation assistance.

As provider-bound tools, the building savings calculators of the building societies can of course only refer to their own products and tariffs. However, if you have not yet decided on a particular credit institution and are looking for the real comparison among all conceivable models, you will reach for the comparison calculator. Here you can get all the essential information quickly, compactly and comparatively on the screen. But this does not mean that the contract must also be concluded immediately via the tool. Cautious natures will still seek the face-to-face conversation after the comparison and get more information on the spot about their options and all the advantages.