[Poverello]

I just called a few banks regarding the famous austrian sparbuch account.

Here are the details ;

You will ALWAYS have to show your idendity to the bank( not anonymous like it used to be) BUT when there is less than 50K € in the account , your name is not mentioned in the sparbuch but only kept on record with the bank.

You can have a code with this account so that when you give your sparbuch to someone else he can take money out of the account with this code.

You can only make deposits and withdrawls in cash at the bank, no wires can be recieved or sent from such an account.

Interest rates vary from around 2 % (1 year) to 3% (3 year)