Small steps, big impact: how to manage your money with a call money account

A call money account is an easy way to get your finances in order—without any risk, but with a real sense of control and impact. So you always have a good overview of what to spend on groceries or for your free time to have Poker Fun at Hell Spin Casino.

Financial products and investment strategies—sound boring? They are! That’s why very few people want to wade through this jungle. But that’s a shame, because it often means that everything stays the same: money and finances run alongside without control, somehow you lack an overview, and supposedly money should also be able to work for you…

The good news is that you don’t need a degree in finance, a complicated app, or an Excel spreadsheet to get your money life in order. All you have to do is take one small, conscious step: with a call money account.

Order in your everyday finances: the instant access savings account hack

The simpler, the better: intuitively, that sounds good. But with a checking account, this quickly reaches its limits: all expenses run through a single account, which is “simple,” but neither clear nor helpful.

The magic word is: structure. It’s like tidying up your apartment, where there is no longer chaos, but a certain order. Or like apps, where it makes sense to put your most important favorites on the home screen.

So instead of using a single account for everything, you create a structure:

You continue to use a checking account. This remains your everyday account—for transfers, purchases, salary payments, and so on.

In addition, you use a call money account. This is your tidying-up and reserve account. You put money in it that you don’t need immediately.

With a call money account, you draw a clear line and organize your money into two areas: an account with lots of transactions, which can be confusing, and an account where you can clearly park important money and leave it to rest – and which also earns interest.

What is a call money account – explained simply

A call money account is the simplest form of investment. The word “call” money reveals the advantage: the money is not permanently invested and tied up, but you can transfer it back to your checking account every day. But only there.

So why put money in a call money account at all? Because you don’t earn any interest on money parked in a checking account, but you do on a call money account. In addition, the bank can work with this money, for example, by financing sustainable projects.

Despite everything, the money in a call money account is safe: the so-called “deposit protection” ensures that your savings deposits are legally protected up to €100,000. This is guaranteed by EU laws, which ensure that your money is repaid up to this amount even in the event of a bank failure. That is why a call money account is also a risk-free investment.

Why a call money account gives you more than interest

But a call money account gives you more than interest. It brings structure to your financial life. And this structure allows you to have a better overview of your money and make it easier to set money aside. And it’s actually quite simple:

Save at the beginning of the month:

For example, transfer your savings to your instant access savings account by standing order a few days after you receive your salary. This will make saving a routine.

Save at the end of the month:

Once a month, before your salary is paid, check how you are doing. Are you well in the black? Then transfer the money immediately to your instant access savings account, where it will earn interest. (Of course, you can leave a little bit in your checking account.)

With these two simple habits, you can develop an initial financial routine that will help you build up your assets step by step. Important tip: Overdraft interest rates are higher than overnight interest rates, so it’s not worth being in the red in your checking account if you’re in the black in your overnight account. But it’s also not worth having a zero-interest balance in your checking account when you could be earning interest on your money in your overnight account.