Rental deposits are essential as security in the context of a rental, and yet are often only a necessary evil. Currently (as of June 2022), more than 30 billion euros are stored as cash deposits in bank accounts in Germany and are thus denied to the real economy. For landlords and property managers, deposit administration and deposit management are usually still associated with a high manual workload. For tenants, on the other hand, deposits often mean dead capital in the low-interest area.
However, there are now other and much more efficient methods of depositing a security deposit besides paying it in cash. In addition to the option of transferring the deposit to a landlord’s account, the option of creating a deposit account is becoming increasingly attractive. Here, the sum of the deposit is invested in various funds so that, ideally, the tenant even benefits in the end.