Savings accounts in Germany

✓ Pros

• ✓1.90% p.a. on balances up to €50,000
• ✓Interest applies from €0 per the database, no visible minimum deposit
• ✓No visible time limit on the interest rate

✕ Cons

• ✕No reliable information available on fees or a reference account
• ✕Rate only documented up to €50,000
• ✕The offer page yielded no additional product details

✓ Pros

• ✓3.00% introductory rate for six months
• ✓No minimum deposit
• ✓Sustainability-focused bank
• ✓Daily availability

✕ Cons

• ✕Promotional rate capped at €50,000
• ✕Follow-on rate not disclosed
• ✕Variable interest rate
• ✕Reference account at another bank required

✓ Pros

• ✓3.10% p.a. promotional rate up to €50,000
• ✓Monthly interest payout
• ✓Deposit protection up to €100,000
• ✓Sustainability-focused neobank

✕ Cons

• ✕Only usable with a Tomorrow current account
• ✕Promotional rate applies for the first 3 months only
• ✕Base rate afterwards is just 0.75% per the data
• ✕Promotional account-opening window is time-limited

✓ Pros

• ✓High promotional rate of 3.25% p.a. for four months
• ✓No minimum deposit and no upper deposit limit
• ✓No checking account with this bank required
• ✓Free account management, cash deposits and withdrawals
• ✓Available from age 14

✕ Cons

• ✕Promotional rate only lasts four months, then just 0.60% p.a.
• ✕The high rate only applies to the first account and balances up to EUR 1 million
• ✕Significantly lower variable rate after the promotion

✓ Pros

• ✓3.50% p.a. guaranteed for 6 months up to €250,000
• ✓Free account keeping with no hidden fees
• ✓Daily availability with no notice period
• ✓Usable from as little as €1 in deposits

✕ Cons

• ✕Rate drops to the 2.05% p.a. base rate after 6 months
• ✕Reference account at a German bank is mandatory
• ✕First deposit must be made within 15 days

✓ Pros

• ✓2.60% p.a. with no apparent cap
• ✓No minimum deposit
• ✓Day-accurate interest, daily availability
• ✓Up to €500,000 deposit protection via PRIME+

✕ Cons

• ✕Full benefit tied to PRIME+ subscription
• ✕Variable interest rate
• ✕Digital-only via the Scalable app

✓ Pros

• ✓Promotional rate of 2.75% p.a. for the first four months
• ✓No minimum deposit, no limit on the deposit amount
• ✓Free account management via online banking and app
• ✓Daily availability of funds
• ✓No checking account with Santander required

✕ Cons

• ✕Promotional rate lasts only four months, then just 0.30% p.a.
• ✕Promotion only for new customers without a Santander savings account in the last 12 months
• ✕Regular rate of 0.30% p.a. is low by market standards

✓ Pros

• ✓2.75% introductory rate for four months
• ✓No cap on deposit amount
• ✓No minimum deposit
• ✓Reference account at any bank accepted

✕ Cons

• ✕Standard rate only 0.30% p.a.
• ✕Promotional rate for genuine new customers only
• ✕Variable rate after the promotion

✓ Pros

• ✓3.00% p.a. fixed rate for 3 months
• ✓No salary or current account required
• ✓Daily interest calculation, early withdrawal possible
• ✓Access to more than 140 partner banks afterwards

✕ Cons

• ✕Only for genuine new Raisin customers
• ✕Rate guaranteed for 3 months only
• ✕Investment amount capped at €50,000
• ✕Not an ongoing Tagesgeld account

✓ Pros

• ✓Free account maintenance – provider explicitly states 0 euro in fees
• ✓Balance available daily, no minimum holding period
• ✓Uniform 1.00% p.a. rate regardless of balance size
• ✓Simple account opening, no additional quirion account required

✕ Cons

• ✕1.00% p.a. is noticeably below rates from leading dedicated savings providers
• ✕No visible new-customer interest promotion or bonus
• ✕quirion is primarily known as a wealth manager – the savings account is a secondary product

✓ Pros

• ✓No minimum deposit required
• ✓Free account management
• ✓No notice period, available at any time
• ✓Reference account can also be held at another bank

✕ Cons

• ✕No time-limited new-customer rate, comparatively low rate of 0.75% p.a.
• ✕The rate is variable and not guaranteed
• ✕Reference account mandatory

✓ Pros

• ✓Uniform 0.50% p.a. rate with no complicated tiering
• ✓Manageable minimum deposit of €1,000
• ✓Balance available daily, no additional pbb direkt account required
• ✓No apparent time limit on the rate condition

✕ Cons

• ✕0.50% p.a. is noticeably below current top instant-access savings offers
• ✕No visible new-customer interest promotion or bonus
• ✕€1,000 minimum deposit excludes very small savings amounts

✓ Pros

• ✓Attractive new-customer rate of 2.25% p.a. for a defined period
• ✓Free account management
• ✓Daily availability of funds
• ✓Quarterly interest credit
• ✓Statutory deposit protection

✕ Cons

• ✕Rate is limited until 31 December 2026, dropping to just 0.75% p.a. afterward
• ✕Promotional rate only applies to fresh money from another bank, up to EUR 250,000
• ✕Not a standalone account – a Top-Girokonto at norisbank is mandatory

✓ Pros

• ✓2.95% introductory rate for three months
• ✓Rate applies up to €250,000
• ✓Available anytime, no fixed term

✕ Cons

• ✕Rate drops to 1.25% after three months
• ✕Further account terms not visible
• ✕No bonus disclosed

✓ Pros

• ✓Extra bonus chance of €50 or €100 tied to FC Bayern Munich's sporting success
• ✓Account can be opened online, including for minors
• ✓Balance available daily, moderate minimum deposit of €500

✕ Cons

• ✕Interest rate is variable and linked to EURIBOR – no fixed rate guarantee
• ✕0.68% p.a. is noticeably below current top savings offers
• ✕Bonus payment depends on an uncertain sporting condition (table leadership), not guaranteed
• ✕Withdrawals require a registered personal reference account

✓ Pros

• ✓Currently 3.00% p.a. promotional rate up to €50,000 (limited until 31 Dec 2026)
• ✓No account management fees, no fixed terms
• ✓Cancel anytime, funds available at any time
• ✓Extra interest bonuses for Klarna Plus/Premium/Max

✕ Cons

• ✕Promotional rate drops to just 1.95% p.a. (variable) once it expires
• ✕Promotional rate capped at €50,000 per Flexkonto
• ✕Unclear whether an external reference account is required

✓ Pros

• ✓2.00% p.a. with no visible time limit
• ✓No minimum deposit required
• ✓Free account management
• ✓Monthly rather than only annual interest payout

✕ Cons

• ✕A German reference account at another bank is mandatory
• ✕No fixed rate for balances above €500,000
• ✕No details on app or online banking features in the sources

✓ Pros

• ✓Promotional rate of 3.75% p.a. when opening a checking account at the same time
• ✓Still 3.20% p.a. for four months without a checking account
• ✓Free account management with no fixed term
• ✓No minimum deposit required

✕ Cons

• ✕Highest rate only with a simultaneous ING checking account opening
• ✕Promotional rate limited to four months and EUR 250,000
• ✕Standard rate afterwards only 0.75% p.a. variable

✓ Pros

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

✕ Cons

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

✓ Pros

• ✓3.61% p.a. guaranteed for 4 months up to €150,000
• ✓No account-keeping fees
• ✓No need for a current account at the bank, only a SEPA reference account
• ✓Extended deposit protection via the Association of German Banks

✕ Cons

• ✕Rate drops to the variable standard rate of 1.5% p.a. after 4 months
• ✕Offer limited to genuine new customers with no prior account in the last 12 months
• ✕Withdrawals possible only to the registered reference account