Overview
- Verivox reports 13 institutions are advertising promotional instant-access savings rates of at least 3 percent, with Distingo Bank and Raisin leading at 3.2 percent.
- The elevated rates apply only for a few months and then revert to existing-customer levels that Verivox says rarely exceed about 2 percent.
- Some offers currently outpay comparable short-term fixed deposits while preserving liquidity, such as Volkswagenbank’s roughly six-month 2.9 percent deal versus a 2.8 percent market peak for six-month Festgeld.
- Several promotions carry conditions that can erode returns, including requirements to open a securities depot or a paid current account to qualify for the headline rate.
- Verivox cites Deutsche Bank’s 2.5 percent offer for new customers as contingent on opening a fee-based Girokonto and routing part of payment traffic, and it warns that such account openings are typically reported to Schufa.