Tagesgeld — best for flexibility
Tagesgeld accounts pay daily interest on cash with full instant access. Look for accounts with no fees, no minimum deposit and rates close to or above the ECB main rate.
Festgeld — best for guaranteed rates
Festgeld locks your money for a fixed term (3 months to 10 years) at a guaranteed rate. Useful when rates are about to fall, or to ladder your savings across multiple terms.
Are these accounts safe?
All accounts listed are with EU-licensed banks. Deposits up to €100,000 per customer are covered by the German Einlagensicherung or equivalent EU scheme.
Top savings rates
| Bank | Type | Rate |
|---|---|---|
| Trade Republic | Cash interest | Competitive variable |
| C24 Tagesgeld | Tagesgeld | Promotional rate |
| Consorsbank Tagesgeld | Tagesgeld | Intro rate 6 months |
| ING Extra-Konto | Tagesgeld | Standard variable |
| Klarna Festgeld | Festgeld | 12-month fixed |
Frequently Asked Questions
Is interest taxed?
Yes — Abgeltungssteuer of 25% + Soli + church tax applies. Use your Sparerpauschbetrag (€1,000 single / €2,000 couples) to shelter interest.
Is Tagesgeld safe?
Yes — covered by deposit protection up to €100,000 per customer per bank.
Can the rate change?
Tagesgeld rates are variable. Festgeld rates are fixed for the agreed term.
Ready to get started?
Open your account in minutes — fully digital, BaFin-regulated, with German IBAN.