Tagesgeld Plus

Crédit Agricole Savings Tagesgeld Plus Reviewed

Alongside its “Tagesgeld Flex,” Crédit Agricole Savings offers a second instant-access savings variant called “Tagesgeld Plus.” Both accounts share the same interest rate and the same balance cap, but according to the stated terms they differ on one crucial point: how long that rate actually applies.

Interest Rate

Crédit Agricole Savings pays 2.20% p.a. on balances between €10 and €15,000, with interest credited quarterly. Unlike the Flex account, this rate on Tagesgeld Plus is, according to the stated terms, limited to the first 12 months – making it a clearly time-limited variant of the same offer rather than a rate that applies indefinitely.

Terms

The rate applies to balances up to a maximum of €15,000 and is limited to a period of one to twelve months from account opening. What rate applies after these twelve months is not stated in the available data. No reliable data is available on account maintenance fees or on whether a reference account at another bank is required either; a live check of the provider's page was not possible at the time of research (access denied).

Who Is It For?

Tagesgeld Plus suits savers who want to benefit from an attractive rate in the first twelve months and are willing to review the terms afterward or move their balance elsewhere if needed. Anyone instead looking for a rate that applies indefinitely under the same conditions should consider the sister product “Tagesgeld Flex” from the same provider.

Pros and Cons

Pros:

• 2.20% p.a. on balances up to €15,000
• Quarterly interest crediting
• Daily access with no fixed term

Cons:

• Rate guaranteed for only the first 12 months per the stated terms
• No information on the follow-up rate after the 12 months end
• Rate only applies up to €15,000 in balance

Verdict

Crédit Agricole Savings' Tagesgeld Plus offers 2.20% p.a. on balances up to €15,000, but according to the stated terms only for the first twelve months. For a rate that applies indefinitely under the same conditions, the sister product “Tagesgeld Flex” is the better fit – but for short-term plans, or for savers who review terms regularly anyway, the Plus account works just as well.