It’s been a while… But here we go again with an update on the best savings accounts in Germany in March 2024. Although interest rates seem to have reached their peak and are on their way down again, they are still on a considerably high level. So let’s have a look at the savings accounts that give you the most for your money!

bunq

bunq is offering a new savings account model called “Easy Savings,” which provides an attractive interest rate of 4.5% for the first four months for new customers. This rate is significantly higher than the regular rate of 1.56%, making it a compelling option for short-term savings. The interest is credited weekly, enhancing the benefits through compound interest. However, the account limits withdrawals to twice a month, differing from traditional daily access savings accounts. Additionally, the Dutch deposit insurance scheme protects deposits up to €100,000. This offer is a lucrative opportunity for new customers seeking high short-term returns on their savings in Germany.

Open your bunq account

Trade Republic

Trade Republic, primarily known for its brokerage account, is offering a savings account alternative with an appealing 4% interest rate. This account, into which customers can deposit money for potential investment in securities, can effectively serve as a high-interest savings account since investment is not mandatory. The account is particularly attractive as it offers high interest rates to all customers, not just new ones, with no account maintenance fees and monthly interest payments. However, it’s important to note that the 4% interest rate applies to balances up to €50,000, and Trade Republic collaborates with several partner banks, meaning the applicable deposit insurance scheme may vary. Despite these considerations, this offer stands out for providing one of the highest interest rates for readily accessible funds in the market.

Open your Trade Republic account

Stellantis Direktbank

Stellantis Direktbank is offering a competitive 3.7% interest rate on its savings account for new customers. This promotional rate is guaranteed for three months following account opening (customers can qualify as new again after just 12 months). However, the standard interest rate for existing customers at Stellantis is relatively low at 1.5%. It’s also important to note that the €100,000 European deposit insurance applies.

Open your Stellantis Direktbank account

Renault Bank

Like Stellantis Direktbank, Renault Bank also offers an interest rate of 3.7% for the initial three months after account opening. Notably, Renault Bank Direkt has attractive rates for existing customers, which is currently at 2.9% for deposits of up to 250,000 EUR (2.25% for deposits over 250,000 EUR). Deposits are protected up to EUR 100,000 in accordance with the EU directive.

Open your Renault Bank account

J&T Direktbank

J&T Direktbank is offering a savings account with a 3.5% return. This bank, which has been reaching German savers via platforms like Weltsparen in the past, is now directly targeting potential clients, avoiding intermediary fees. The account is managed under German law, allowing for tax exemptions, and deposits up to €100,000 are secured under the Czech deposit insurance scheme. This offer combines the advantages of competitive interest rates with the security of European deposit insurance.

Open your J&T Direktbank account

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Secure a 75 EUR Bonus with ING Bank Account: A Premier Offer for Internationals in Germany!

If you are seeking to optimize your financial endeavors in Germany, ING, a distinguished and reputable bank in Germany, is extending an exclusive offer. By opening an ING bank account, you can avail yourself of a €75 bonus! Let’s explore this lucrative opportunity and see how you can benefit from this great offer.

What’s in it for you?

ING is graciously providing a €75 incentive for newcomers who decide to open a Girokonto (current account) by November 30th, 2023. This account is accompanied by a complimentary VISA Card, enabling you to access cash at a plethora of locations. Moreover, the account incurs no charges with a monthly salary deposit of €700 or for individuals below 28 years of age.

How to get the bonus

The process to open an account is straightforward and user-friendly:

1. Submit your details online. 
2. Authenticate your identity through a secure video chat or visit the nearest post office with a valid ID
3. Upon successful verification, ING will dispatch your cards and all documentation.

Open your ING bank account now!

Requirements for the bonus

To secure the €75 bonus, active utilization of the account is essential. Simply make at least 5 payments using the VISA Card in stores, online, or mobile via Apple Pay and Google Pay within the first 4 months. Please note, withdrawals at ATMs are not included in this requirement. The bonus will be credited directly to your new account.

Want to know more about the ING bank account?

With the ING bank account, you gain the convenience of making contactless payments using Apple Pay and Google Pay. Additionally, an optional girocard (debit card) can be added to your account for a nominal fee of €0.99 per month. For environmentally conscious individuals, the Girokonto Future is available for an additional €1 per month, allowing you to contribute positively to environmental and societal causes. ING has been consecutively awarded as a test winner for 17 years, as per the economic magazine €uro (Edition 05/2023), assuring you of unparalleled service and reliability. Here are some more features of the ING bank account:

   Free of charge if you are younger than 28 years or if you receive at least 700 EUR/month
   Free Visa debit card with contactless payment
   Free cash withdrawals in the eurozone
   Easy-to-use banking portal and app
   Open your account easily from your smartphone via VideoChat
   Apple Pay & Google Pay supported
   Foreign transaction fee and cash withdrawals outside of the Eurozone: 1.99%
   Online banking only in German

Open your ING bank account now!

Get your 72 EUR bonus now!

Are you prepared to optimize your financial management with the ING bank account and enjoy the associated benefits and the €75 bonus? ING caters to a diverse clientele, including students and professionals, offering tailored solutions for all. Seize this exclusive opportunity! Open an ING bank account today, fulfill the requirements, and secure your €75 bonus.

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Who is C24 Bank

Emerging as a beacon of innovation in the digital banking landscape, C24 Bank has rapidly established itself as a trusted name in the financial sector. Originating from the renowned CHECK24 comparison platform, C24 Bank was born out of a vision to simplify banking for the digital age. By leveraging cutting-edge technology and a customer-centric approach, C24 has transformed traditional banking paradigms, offering a seamless, intuitive experience that resonates with the modern user. Whether you’re a tech enthusiast or someone seeking a hassle-free banking solution, C24’s legacy and forward-thinking approach make it a standout choice.

The Different Account Models of C24 Bank

Diving into the heart of C24’s offerings, they present three distinct bank account models, each designed to cater to a specific set of needs and preferences.

The C24 Smart Account is the bank’s standard offering, coming at no monthly cost. With this account, users receive a free C24 Mastercard Debit, can make free Mastercard payments in EUR (both Apple Pay & Google Pay are supported), withdraw cash free of charge up to 4x per month, benefit from up to 2.5% promotional cashback and have access to 4 free sub-accounts (pockets). Additionally, you get up tp 4% interest on your savings.

Building on the foundation of the Smart Account, the C24 Plus Account is priced at 5.90 EUR/month. It retains all the features of the Smart model but introduces a C24 Mastercard in a color of the user’s choice. The promotional cashback is bumped up to 5%, and users have access to 6 free Pockets. Also the number of free cash withdrawals/month is increased to six. Essentially, it offers a bit more flexibility and perks for a modest monthly fee.

For those seeking the pinnacle of C24’s offerings, the C24 Max Account is the premium choice, priced at 9.90 EUR/month. This account takes everything from the Plus model and elevates it. Users receive a metal Mastercard in their desired color, can make free Mastercard payments globally in any currency, and enjoy a generous promotional cashback of up to 10%. Up to eight cash withdrawals/month in any currency are included free of charge The number of free Pockets increases to 8, making it the ultimate choice for those who desire the best of what C24 has to offer.

Open your C24 Bank account now!

Summary

To sum it up, C24 Bank is not just another name in the banking world; it’s a revolution. With its diverse range of account models, there’s a perfect fit awaiting every individual. But words can only convey so much. Why not experience the future of banking firsthand? Dive into the world of C24, and discover a banking experience that’s tailored just for you. Curious yet? Click to explore more about C24 Bank and its groundbreaking offerings.

Open your C24 Bank account now!

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Consors Finanz Mastercard with a 75 EUR bonus 

Are you ready to supercharge your finances? We’ve got exciting news that’s sure to put a smile on your face. For a limited time, Consors Finanz is offering an exclusive welcome bonus of €75 to all new cardholders. That’s right, signing up for the Consors Finanz Mastercard just got even more rewarding!

Here’s how you can claim your €75 bonus:

1. Apply for the Consors Finanz Mastercard: The offer period runs from September 1st to September 30th, 2023. During this time, simply apply for the Consors Finanz Mastercard online. It’s a quick and easy process.
2. Make Five Transactions with a Total Spend of 300 EUR: Once you’ve received and activated your card, start using it for your daily transactions. To qualify for the €75 bonus, make at least five transactions, whether it’s for shopping or cash withdrawals, with a total spend of €300 or more until November 30th, 2023.
3. Enjoy Your Bonus in December: If you meet the conditions mentioned above, you’re in for a treat. The €75 bonus will be credited to your designated reference account in mid-December 2023. It’s a fantastic way to kickstart the holiday season!
4. Please note: This special offer is valid for new customers who do not currently have an ongoing business relationship with Consors Finanz – BNP Paribas S.A. Niederlassung Deutschland and have not participated in a Consors Finanz Mastercard bonus promotion in the last 24 months.

Get your Consors Finanz Mastercard now!

But that’s not all. The Consors Finanz Mastercard has more to offer than just a one-time bonus. As a cardholder, you’ll enjoy benefits like no annual fees, no foreign transaction fees, and flexible payment options. Plus, it’s compatible with both Apple Pay and Google Pay, making your transactions smoother and more convenient. For more infos, check out our comparison article about the best German credit cards.

Don’t miss out on this fantastic opportunity to boost your finances. Sign up for the Consors Finanz Mastercard today and secure your €75 welcome bonus! Terms and conditions apply, so be sure to check the official Consors Finanz website for all the details.

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It’s time for an update! Interest rates are still on the rise and it therefore absolutely makes sense to check regularly the savings account market for the best offers. Let’s have a look on the best savings accounts in Germany in March 2023.

Bank of Scotland

Bank of Scotland currently has a special offer. They offer on top of the regular interest rate of 1.5% p.a. a bonus of 1% for two months, which makes in total an interest rate of 2.5%. All you need to do in order to get the bonus, is to deposit at least 1,000 EUR on your Bank of Scotland savings account between March 21st, 2023 and April 28th, 2023. The bonus will be paid for the period from May 5th, 2023 to July 6th, 2023 for deposits of up to 500,000 EUR. Definitely a very nice deal!

Open your Bank of Scotland account

Barclays

And another bank from the United Kingdom offers some nice interest rates! Barclays are offering 2.3% p.a. interest rate on savings for new customers. The interest rate is valid for four months upon account opening (interest rate after that: 0.90% p.a.) for deposits of up to 250,000 EUR.

Open your Barclays account

Renault Bank

Renault Bank has recently increased interest rates on their savings account. New customers get 2.2% p.a. interest on their savings. The interest rate is valid for three months upon account opening (interest rate after that: 1.55% p.a.) for deposits of up to 250,000 EUR. This makes Renault Bank especially interesting as the interest rate is still comparably high after the first three months.

Open your Renault Bank account

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For many years, overnight deposit accounts (in German “Tagesgeldkonto”) have led a niche existence due to generally low interest rates. However, due to rising interest rates, overnight deposit accounts have recently become more and more attractive. Interest rates for this kind of account are currently above 2% and rising. In this article we will give you brief summary of the best savings account offers this month. So let’s get started!

Trade Republic

Trade Republic is well known for its revolutionary brokerage account (check out our online broker comparison). However they have recently expanded their product portfolio and are now also offering a savings account with 2% per year interest on your cash. Strictly speaking, this is not a separate deposit account, but rather the clearing account of your brokerage account, i.e. the money you have in your Trade Republic brokerage account, that is not invested. You get the 2% interest on cash balances up to 50,000 EUR, the interest is paid out on a monthly basis and there is a deposit protection up to 100,000 EUR. Sounds good?

Open your Trade Republic account

Scalable Capital

Scalable Capital is also a provider coming originally from the trading/brokerage and robo-advisor space. They offer a whopping 2.3% p.a. interest on your cash for deposits of up to 100,000 EUR (interest is paid on a quarterly basis). The only “snag” is that you have to go with the PRIME+ plan which costs 4.99 EUR/month. Like Trade Republic, this is also not a classical savings account, but the clearing account of your brokerage account. Your cash is protected by the statutory deposit protection of the EdB (=Deposit guarantee scheme of German banks) up to a deposit amount of 100,000 EUR and beyond that by the Deposit Protection Fund of private banks (BdB).

Open your Scalable Capital account

Opel Bank

Opel Bank is the banking subsidiary of the German carmaker Opel. Currently they are offering 2.1% p.a. interest on savings for new customers (i.e. you haven’t had a savings account with Opel Bank within the last 24 months). The interest rate is valid for three months upon account opening (interest rate after that: 0.75% p.a.) and paid out on a monthly basis. Your money is protected by the French statutory deposit guarantee in an amount of up to 100,000.00 EUR.

Open your Opel Bank account

IKB

IKB Deutsche Industriebank is a German bank that specializes in providing financing and advisory services to small and medium-sized enterprises. But they are also serving private customers and currently they are offering an overnight deposit account with an interest rate of  2.25% p.a. for deposits of up to 50,000 EUR. The interest rate is valid for three months upon account opening and decreases to 0.75% p.a. after that. Interest is paid out on a quarterly basis and your money is protected by the statutory deposit protection of the EdB (=Deposit guarantee scheme of German banks) up to a deposit amount of 100,000 EUR and beyond that by the Deposit Protection Fund of private banks (BdB).

Open your IKB account

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Are you looking for a bank account in Germany that offers innovative and convenient banking solutions? If so, you may want to consider bunq, a Dutch mobile banking service that offers a range of plans to suit the needs of its customers. Four popular bunq bank account plans are available in Germany: Easy Green, Easy Money, Easy Bank, and Easy Savings. But first of all, let’s quickly clarify what bunq is…

What is bunq?

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Get a 50 EUR bonus for opening a comdirect bank account

Currently you get a 50 EUR bonus for opening a comdirect bank account. Here’s what you need to do in order to get the bonus:

from 18.10.2022 until 30.11.2022, your users will receive a €50 bonus as a new Giro customer* if they meet one of the following conditions within the first 3 months of opening an account:

• Open your comdirect bank account latest by November 30th, 2022
• Meet one of the following conditions within the first three months upon account opening:
  • Monthly incoming payment of at least 700 EUR
  • Three payments via Apple Pay or Google Pay per month
  • One trade per month (this includes savings plans)
• Furthermore you need to give consent to email advertising during account opening and not cancel it within the first three months

Open your comdirect bank account now!

Want to know more about the comdirect bank account?

comdirect “Girokonto”

As many banks, comdirect has also changed their pricing model recently. One of the best German bank accounts is now free of charge if you are younger than 28 years or if you receive a monthly payment of at least 700 EUR. Furthermore there are no monthly fees if you have at least three monthly transactions via Apple Pay or Google Pay or if you are using the comdirect broker account for at least one trade per month (this includes savings plans). If you do not fulfill at least one of these conditions you’ll have to pay a monthly fee of 4.90 EUR. The comdirect bank account comes with a girocard debit card and a Visa debit card. Cash withdrawals are worldwide free of charge, but it’s a bit trickier: With your girocard you can withdraw cash free of charge at Cash Group ATMs (Commerzbank, Deutsche Bank, HypoVereinsbank & Postbank). With your Visa debit card you can withdraw cash free of charge up to three times per month at any ATM worldwide (including Germany). For any further withdrawal with your Visa debit card, a transaction fee of 4.90 EUR/withdrawal applies. Optionally you can order a “real” Visa credit card for 1.90 EUR/month. A very useful feature is the so-called “Finanzmanager”. This tool within the online banking portal automatically categorizes your transactions so that you can easily keep track of your financials. Here’s a summary:

   Free of charge if you are younger than 28 years or if you receive at least 700 EUR/month
   Free debit cards included (girocard & Visa card)
   Free cash withdrawals worldwide (3x per month)
   Personal Finance manager – automatically categorizes your transactions
   Open your account easily from your smartphone via VideoChat
   Apple Pay & Google Pay supported
  Foreign transaction fee of 1.75% applies for payments in foreign currencies
  Online banking only in German

Open your comdirect bank account now!

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1. Why you should get a Revolut bank account

A Revolut bank account is the perfect way to manage your money as an international. With no fees on foreign transactions (for up to 1,000 EUR/month) and the ability to send and receive payments in over 150 currencies, you can save a lot of money on your travels. And if you ever need to transfer money back home, you can do so at the real exchange rate, with no hidden fees. With a Revolut bank account, you can also hold and exchange multiple currencies within the app, which is perfect for budgeting your trips or for making purchases in different countries.

2. What is Revolut and what does it offer?

If you haven’t heard of Revolut yet, you’re probably not alone. Revolut is a relative newcomer to the banking scene, but it’s already making waves with its innovative approach to banking. So, what is Revolut? Put simply, Revolut is a digital bank that offers a whole host of features and benefits that traditional banks just can’t match. For starters, Revolut offers fee-free foreign currency exchange, which means you can save money on travel money when you’re abroad. And if you’re the type of person who likes to keep on top of your finances, you’ll love Revolut’s real-time spending notifications and budgeting tools. But that’s not all. Revolut also offers a whole host of other features that make it worth considering as your primary bank account. Here are just a few of the things that make Revolut stand out:

   Completely free of charge (no monthly fees)
   Free virtual Visa card (5.99 EUR delivery fee for physical card)
   Up to five free cash withdrawals per month (max. 200 EUR/month)
   No foreign transaction fee (for up to 1,000 EUR/month)
   Multicurrency account – hold money in 30+ currencies
   Apple Pay & Google Pay supported
   No German IBAN (Lithuanian LT-IBAN)

Open your Revolut bank account now!

If you’re looking for an alternative to traditional banking, Revolut is definitely worth considering. With its comprehensive list of features and benefits, Revolut is quickly becoming one of the most popular digital banks around.

3. Conclusion – why you should definitely get a Revolut bank account

In conclusion, there are plenty of reasons why you should sign up for a Revolut bank account. Not only do you get access to great features and benefits, but you can also rest assured that your money is safe and secure. With Revolut, you can say goodbye to hidden fees and charges, and hello to a smarter way of managing your finances. So what are you waiting for? Sign up today and start enjoying all that Revolut has to offer.

Open your Revolut bank account now!

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Open an ING bank account and receive a 50 EUR starting credit

ING has launched a special deal for September: Open an ING bank account and receive a bonus of 50 EUR. Here’s what you need to do in order to get the bonus:

• Open your ING bank account by September 30, 2022
• The only requirement is to use the account actively: Simply pay at least five times within the first four months with the VISA Card in shops, online or mobile via Apple Pay or Google Pay.
• ATM withdrawals are excluded
• ING will then transfer your bonus to your new bank account.

Open your ING bank account now!

Want to know more about the ING bank account?

ING “Girokonto”

ING Germany, which is a subsidiary of the Dutch ING Groep is one of the biggest and most popular direct banks in Germany. Their bank account is free of charge if you are younger than 28 years or if you receive a monthly payment of at least 700 EUR (for example your salary). Otherwise a monthly fee of 4.90 EUR applies. The bank account comes with a free Visa debit card and optionally a girocard debit card for 0.99 EUR/month.  With the Visa debit card you can withdraw cash free of charge from any ATM within the Eurozone (minimum withdrawal 50 EUR). Outside of the Eurozone a fee of 1.99% applies. The “Girokonto” from ING comes with a very functional and clear online banking portal. In addition to that they have a very good banking app so that you can easily manage your account on your smartphone. Here are the main features of this best German bank account:

   Free of charge if you are younger than 28 years or if you receive at least 700 EUR/month
   Free Visa debit card with contactless payment
   Free cash withdrawals in the eurozone
   Easy-to-use banking portal and app
   Open your account easily from your smartphone via VideoChat
   Apple Pay & Google Pay supported
   Foreign transaction fee and cash withdrawals outside of the Eurozone: 1.99%
   Online banking only in German

Open your ING bank account now!

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