Overview
- Multiple lenders on Tuesday rolled out or hiked short-term Tagesgeld promotions after the ECB raised its deposit rate, with banks offering headline rates that are guaranteed for three to six months.
- VW Bank now pays 3.5% p.a. for six months to new customers while keeping existing customers at about 1% variable interest.
- Postbank is offering 3.2% p.a. for six months for qualifying 'new money' deposits of at least €2,500 that must be booked by late October and will earn the rate from 1 November to 30 April 2027.
- grenke Bank has a 3.0% p.a. Neukunden action for three months and has raised its ongoing base rate for existing customers to 2.0% p.a.
- Top short-term headline rates remain with specialist providers such as Revolut (4.25% for four months) and Renault Bank (4.10% for four months), so savers should check eligibility rules, minimums, exclusions and post-promo rates and keep deposits within the €100,000 statutory insurance limit or other protection schemes.