Deposit accounts, gold, roofed mortgages. Here’s how to protect our savings – Economy

Rome, 12 June 2022 – Save whoever can. The stock market collapsing, prices flying, the euro under pressure, mortgages rocketing upwards. And then the many unknowns that are looming on the international geopolitical horizon. In short, after the move by the ECB on interest rates, the uncertainty under the sky of the economy is even greater. But what can you do to protect your savings? Here is a mini-guide to defend yourself from the new economic storm. World stagflation risk: what it is and what are the consequences Summary Fixed rate mortgages Variable rate mortgages Who must take out Home investment Stocks and public securities Current accounts Gold and works of art Fixed rate mortgages Who already has a mortgage and has opted for a fixed rate it will not have major changes. The financing conditions were blocked at the time of signing the contract and any increase in interest rates will have no effect. In this case it is better to stay still. Variable rate mortgages The situation is different for those who have taken out variable rate mortgages. They are the ones that could suffer the most damage because the reference rate (usually the three-month Euribor rate) is set to rise quickly in the coming months. Most probably the best thing is to check the possibility of switching to fixed-rate mortgages with the subrogation mechanism, to avoid shocks. But a lot depends on the contractual conditions and the presence of any penalties. Who must stipulate The situation is different for those who, on the other hand, have not yet signed a mortgage. Obviously, with respect to the conditions at the end of the year, conditions have also become more onerous for fixed rates. To this must be added the costs of entering into contracts. According to the latest Bankitalia survey, the average cost of mortgages is …