Tagesgeld Flex

Crédit Agricole Savings Tagesgeld Flex Reviewed

Crédit Agricole Savings' “Tagesgeld Flex” is an instant-access savings account with no fixed term, aimed mainly at savers with small to medium-sized reserves. Unlike many offers with a time-limited bonus rate, the stated rate here applies on an ongoing basis rather than just for a limited introductory period.

Interest Rate

Crédit Agricole Savings pays 2.20% p.a. on balances between €10 and €15,000. According to the stated terms, interest is credited annually. Unlike the “Tagesgeld Plus” account also offered by Crédit Agricole Savings, this rate on the Flex account is not time-limited but applies on an ongoing basis.

Terms

The rate applies to balances up to a maximum of €15,000 – no information is available on any follow-up rate for higher amounts. No reliable data is available on account maintenance fees or on whether a reference account at another bank is required; a live check of the provider's page was not possible at the time of research (access denied).

Who Is It For?

With a €15,000 cap, Tagesgeld Flex is aimed mainly at small to medium reserves rather than larger sums. Its advantage over many competing offers is the unlimited duration of the stated rate – anyone looking for an ongoing rate rather than a merely time-limited promotional one is better served here.

Pros and Cons

Pros:

• 2.20% p.a. with no time limit
• Daily access with no fixed term
• No apparent new-customer restriction in the stated terms

Cons:

• Rate only applies up to €15,000 in balance
• No information available on account maintenance fees
• Unclear whether a reference account at another bank is required

Verdict

Crédit Agricole Savings' Tagesgeld Flex offers 2.20% p.a. on balances up to €15,000, with no time limit on the rate. The cap is a clear limitation for larger reserves, but for small to medium amounts it is a straightforward option with an ongoing rate.