Overview

• As of October 15, comparison data show a tentative shift since September with more rate hikes than cuts, nudging the average Tagesgeld yield up to 1.64% after 16 months of declines.
• New-customer offers dominate: Consorsbank pays 3.10% for three months before dropping to 0.80%, Raisin offers 2.85% for three months with follow-up rates up to 2.01%, and Barclays sets 2.80% for three months.
• Longer guarantees are rarer but exist, such as Volkswagen Bank at 2.50% for six months and ING at 2.50% for four months, typically restricted to newcomers or fresh money.
• Consumer advisors warn that teaser rates usually last only 3–6 months and that parking large balances long term on Tagesgeld risks negative real returns after inflation and taxes.
• Safety and tax checks remain critical: EU/EWR deposit protection covers up to €100,000 per bank, country backstops vary in strength, domestic banks withhold taxes via allowance orders, and interest from foreign accounts must be declared in Anlage KAP.