Tagesgeld

Introduction

Ikano Bank's Tagesgeld (instant-access savings) account is aimed at savers who want to keep their money flexible and available without a fixed term. Ikano Bank is a Swedish direct bank best known in Germany for instant-access savings and instalment loan products. Unlike a fixed-term deposit, the balance on this account remains available at any time, making it a suitable option for an emergency fund or short-term capital that isn't needed immediately but should stay accessible.

Interest rate

According to the available product data, Ikano Bank offers an interest rate of up to 3.91% p.a. on this instant-access account. This top rate applies to balances up to €100,000. No information is available on the rate for amounts above this threshold.

The raw data also notes a validity window suggesting the first three months after account opening. Whether this actually represents a time-limited new-customer promotion that then reverts to a lower standard rate, or whether this period simply reflects when the data entry was last updated, could not be verified via the bank's linked application page — at the time of the check, the page showed only a registration form prompting "open instant-access account," with no further product details. Interested savers should therefore confirm the exact rate period and any follow-on rate directly with the bank before signing up.

Terms and fees

No verified information is available for this product regarding account-keeping fees, a minimum deposit, or whether a reference account at another German bank is required. While it is common for German instant-access accounts to be fee-free, with deposits and withdrawals only possible via an existing reference account, whether this also applies to Ikano Bank's instant-access account could not be confirmed from the available sources.

Pros and cons

• Very high top rate of 3.91% p.a.
• Rate applies to balances up to €100,000
• Daily availability with no fixed term

• Duration of the top rate not clearly confirmed
• No information on fees or reference-account requirement
• Only limited verified product information available

Verdict

The advertised rate of 3.91% p.a. is among the most attractive offers on the German instant-access savings market and applies to deposits up to €100,000. Since key details — in particular how long this rate applies, what follow-on rate applies, and any fees — could not be conclusively confirmed from the available data, it is worth checking the exact terms directly on Ikano Bank's website before opening an account, rather than relying solely on the advertised top rate.