Tagesgeld

Nexent Bank Tagesgeld at a Glance

Nexent Bank's Tagesgeld is a classic instant-access savings account for balances that need to stay available at short notice. Unlike a fixed-term deposit, the money is not locked in for a set period and can be withdrawn at any time without notice. It suits savers who don't want to commit to a fixed term and who want to specifically benefit from a higher rate in the first few months, for instance to park a reserve short-term.

Interest Rate and Rate Tiers

For the first three months after account opening, Nexent Bank pays 2.95% p.a. on balances up to €250,000. After these three months, the rate for the same balance cap drops significantly to a permanent follow-on rate of 1.25% p.a. Both rates apply up to the stated ceiling of €250,000 per account; no separate rate is given in the available data for amounts above that. The short three-month duration of the introductory phase should be weighed explicitly when deciding on this account, since the follow-on rate is considerably lower.

Terms and Further Details

At the time of review, Nexent Bank's linked offer page showed only a registration form with mobile-number and email-entry steps, with no further product details. Information on account management fees, a minimum deposit, applicable deposit protection, or a required reference account at another bank could therefore not be confirmed here and is deliberately not claimed in this review. Anyone interested should clarify these points directly with Nexent Bank before opening an account.

Pros and Cons

• Comparatively high introductory rate of 2.95% for the first three months
• Rate applies to balances up to €250,000
• Instant-access Tagesgeld with no fixed term

• Significant rate drop to 1.25% after just three months
• Further account terms not visible on the offer page
• No account-opening bonus disclosed

Verdict

Nexent Bank's Tagesgeld can be worthwhile for savers who specifically want to benefit from a high rate during the first three months and plan to move or withdraw their money afterwards anyway. Anyone planning to leave the balance in place for longer should factor in that the rate falls to 1.25% p.a. after the short introductory period, and should ask Nexent Bank directly about the remaining account terms, since these are not visible on the public offer page.