Code: 2.3.4 · Adults
Knows about the different savings options available (or can find out easily)
Knows that different savings products may offer different combinations of fees, interest rates and tax relief and imply different types of risk
Knows that savings products may have different sustainability characteristics (environmental, social and corporate governance aspects)
Knows where to access suitable savings products
Understands that the choice of a particular savings or investing option may partly depend on the anticipated time horizon for reaching a savings goal
Knows how to assess the security of different savings methods
Knows that funds deposited on a bank account up to 100,000 EUR per person and per institution are protected under the deposit guarantee scheme
Takes precautions to keep saved money safe
Chooses saving products in line with one’s preferences, including sustainability preferences
Confident in choosing savings products in line with one’s preferences, including sustainability preferences, or asking advice if needed