Overview

• New private customers now receive 3.1% p.a. on daily money for three months on deposits up to €1,000,000.
• Balances above €1,000,000 and funds after the promotional period earn a variable 0.8% p.a., with interest credited quarterly on March 31, June 30, September 30 and December 31.
• Eligibility requires that applicants have held no Consorsbank account or securities depot in the past six months.
• The daily money account is linked to a securities account, and customers must move funds to the Tagesgeld to receive the promotional interest.
• Deposits are covered by French statutory insurance up to €100,000 per person, with additional protection via the BdB’s voluntary scheme, and the offer stands out against a September German average of about 1.28% as rivals such as Norisbank, ING and Volkswagen Bank market lower or more restricted rates.