There is something just as German as bratwurst, sauerkraut and the autobahn (just to name a few clichés): it is the savings account (“sparbuch”). This form of putting money aside has a very long history reaching back to the early 19th century. Still today, basically every child receives a sparbuch from its parents or grand parents. Given the long history and the persistence of this act it can be considered a German tradition. But does the idea behind it really work? Welcome to Savings Account: a German Myth.