Overview
- The ECB has kept its policy rate unchanged in recent months, and banks’ Tagesgeld and Festgeld rates have largely stabilized.
- Experts note that eye‑catching Tagesgeld offers typically target new customers for a few months before dropping to the bank’s standard rate.
- Kerstin Hußmann‑Funk of Verbraucherzentrale Hamburg advises treating Tagesgeld as an accessible reserve rather than a yield play.
- EU deposit insurance covers up to €100,000 per person and bank, so larger sums should be spread across institutions and the national guarantee scheme should be verified.
- Current examples include Suresse Direkt Bank at an effective 2.3% with Spanish protection, Renault Bank at about 2.1% with French coverage, and Trade Republic at the EZB deposit rate of 2% for all customers.