Tagesgeld über growney

Tagesgeld via growney Reviewed

The “Tagesgeld via growney” call account targets savers who want to park a larger sum flexibly while still earning interest. Unlike most classic German instant-access savings accounts, the minimum deposit here is €10,000 – making this offer more relevant for savers who already have some capital than for someone just starting to build savings.

Interest Rate

For balances between €10,000 and €90,000, growney currently pays 2.25% p.a. According to the stated terms, interest is credited quarterly and then compounds. Importantly, the rate is not guaranteed – the provider's page explicitly states it “can be changed at any time.” Anyone planning to leave the balance in place for a longer period should factor in this uncertainty.

Terms and Availability

The account can generally be closed on a daily basis. However, according to the provider, payouts take up to four bank business days before the money is actually available – somewhat longer than many other instant-access accounts, where funds are typically available the next bank business day. No confirmed data on account maintenance fees is available, though there is also no indication of such a fee. Whether a separate checking account is additionally required is not clearly stated in the available information.

Who Is It For?

Because of the high €10,000 minimum deposit, growney's Tagesgeld is best suited to savers who already have some savings built up and want to place them flexibly at a rate that is solid by market standards. For smaller reserves or for getting started with saving, it is less suitable due to this entry threshold.

Pros and Cons

Pros:

• 2.25% p.a. on balances up to €90,000
• Daily access with no fixed term
• Compound interest effect from quarterly crediting

Cons:

• High minimum deposit of €10,000
• Rate not guaranteed, can change at any time
• Payouts take up to four bank business days

Verdict

growney's Tagesgeld offers a solid, though not guaranteed, rate of 2.25% for balances between €10,000 and €90,000. Anyone who already has this sum available and can accept a slightly longer payout window of up to four bank business days will find a flexible account with no fixed term. For smaller amounts, however, the high entry threshold is a clear dealbreaker.