Overview
- A new index from Tagesgeldvergleich.net shows the average of the top five instant-access savings rates at 3.02% for November, the first time since May that the measure topped 3%.
- Market checks list effective one‑year yields of roughly 2% to 2.3%: Suresse Direkt Bank at 2.3% via a 3% four‑month promo then 1.95% (Spanish guarantee), Renault Bank at 2.1% with 3% for three months then 1.8% (French guarantee), and Trade Republic paying the current ECB deposit rate of 2%.
- Consumer advocate Kerstin Hußmann‑Funk says Tagesgeld should serve mainly as a liquid emergency reserve, warns that standout newcomer offers are time‑limited, and advises verifying which national €100,000 deposit guarantee applies.
- Guidance includes comparing unusually high offers with the ECB policy rate and avoiding rate chasing that adds effort for limited benefit, especially when balances approach guarantee limits where diversification across banks may be prudent.
- Business Insider’s calculation finds a low‑cost ETF savings plan outperforms an insurance wrapper by about €44,000 over 37 years after taxes, though insurance products retain tax advantages under the 12/62 rule and can mitigate behavioral and sequence‑of‑returns risks.