Question 1

What is start:bausparkasse?

Accepted Answer

start:bausparkasse is an Austrian building society (Bausparkasse) headquartered in Vienna that specializes in building savings contracts and residential financing. As Austria's first building society, start:bausparkasse offers government-subsidized savings plans and provides housing finance solutions to customers across all nine Austrian federal states. Since 2016, the bank has been part of the BAWAG Group.

Question 2

When was start:bausparkasse founded?

Accepted Answer

start:bausparkasse was founded in 1929 in Herzogenburg, Lower Austria, as the first building society in Austria. The institution was established during economically challenging times to provide the general population with a secure savings option that included premium subsidies, with a particular focus on making homeownership achievable through collective savings.

The founding principle was "those who save together have more" – by pooling savers' funds, the building society could provide affordable financing to help members realize their housing dreams faster than individual savings would allow.

Question 3

Where is start:bausparkasse headquartered?

Accepted Answer

start:bausparkasse is headquartered in Vienna (Wien), Austria.

Question 4

Where does start:bausparkasse operate?

Accepted Answer

start:bausparkasse operates throughout Austria, serving customers in all nine federal states. The institution maintains regional roots with a network of advisors accessible through distribution partners across the country, ensuring local presence in communities nationwide.

Question 5

What services does start:bausparkasse offer?

Accepted Answer

start:bausparkasse specializes in building savings contracts (Bausparverträge) and housing finance solutions. The bank offers government-subsidized savings plans where customers receive state premiums up to 1.5% annually on deposits up to €1,200 per year, along with guaranteed interest rates.

After a six-year savings period, customers can access affordable building loans with favorable terms, including options for 30-year fixed-rate mortgages. The building society provides pre-financing solutions (bridging loans) and comprehensive advisory services for real estate purchases, construction, renovation, and property improvements. Services extend to education and care-related financing under Austrian building society regulations.

Question 6

What makes start:bausparkasse unique?

Accepted Answer

As Austria's first and oldest building society, start:bausparkasse has pioneered housing finance in Austria for over 95 years. The institution has helped generations of Austrians achieve homeownership through its collective savings model, with nearly 500,000 building savings contracts currently active.

The bank distinguished itself by innovating products like 30-year fixed-rate mortgages while maintaining the traditional building society principles established in 1929. In 2018, start:bausparkasse was recognized by financial magazine "Börsianer" as "Best Building Society in Austria," affirming its leadership position in the sector.

Question 7

What type of financial institution is start:bausparkasse?

Accepted Answer

start:bausparkasse is a Bausparkasse (building society), a specialized credit institution operating under Austria's Building Society Act (Bausparkassengesetz). Building societies hold restricted banking licenses from the Austrian Financial Market Authority (FMA) and are specifically authorized to accept building savings deposits and grant loans for housing-related purposes.

There are only four licensed building societies in Austria, making this a distinct and regulated category of financial institution separate from universal banks.

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About start:bausparkasse in Austria

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