Savings interest rates

fidobsa Serial expat

Member since 11 November 2011

fidobsaSerial expat11 November 2011 16:51:59

505

Does anyone know the best interest rates available from banks in Hungary. I may buy an apartment in Budapest to let but it would be a lot simpler to put the money into a savings account.

fluffy2560 Hungary Expert

Member since 21 July 2009

fluffy2560Hungary Expert11 November 2011 17:43:06

13144

fidobsa wrote:
Does anyone know the best interest rates available from banks in Hungary. I may buy an apartment in Budapest to let but it would be a lot simpler to put the money into a savings account.

The return on apartments will probably be higher than a bank account, when accounting for inflation. On the other hand, an apartment is not a liquid asset, easily accessible. If you look on the real estate sites, you'll see lots of apartments to rent. Pick carefully otherwise it could be empty for a long time.