BKM Bausparkasse Mainz
Experiences, reviews and information about the provider
Details
Pros
- Statutory deposit protection up to €100,000 per depositor
- Additional protection through the Bausparkassen-Einlagensicherungsfonds
- Building savings, mortgages and investment from one source
- Wohn-Riester-subsidised building savings contracts on offer
Cons
- No current account and no nationwide branch network
- Building savings contracts tie up capital over long periods
- Arrangement fee on the building savings sum that is standard in the industry
- Small institution with low nationwide name recognition
Fact sheet: BKM Bausparkasse Mainz
| Company name | BKM Bausparkasse Mainz |
| Founded | 1930 |
| Headquarters | Mainz |
| Country | 🇩🇪 Germany |
| Type | direktbank |
| Website | bkm.de |
About BKM Bausparkasse Mainz
BKM Bausparkasse Mainz AG was founded on 15 September 1930 by three architects as the Bau- und Aktiengesellschaft Bausparkasse Mainz and is now a nationwide financial services provider based in Mainz. As a building society (Bausparkasse), it is a credit institution and is supervised by BaFin (the German financial regulator). Deposits are legally protected through the Entschädigungseinrichtung deutscher Banken up to €100,000 per depositor; in addition, the institution is a member of the Bausparkassen-Einlagensicherungsfonds (the building societies' deposit protection fund). The offer includes building savings contracts including Wohn-Riester, mortgages and investment products such as savings accounts, fixed-term deposits, savings certificates and withdrawal plans, which have also been open to pure savings customers since 2008.
Special features
- Founded in Mainz in 1930 by three architects
- Member of the Bausparkassen-Einlagensicherungsfonds e. V.
- Investment products open to pure savings customers since 2008
- A building society and thus a credit institution under BaFin supervision
