Consorsbank currently offers the most attractive savings account option in Germany, as reported by Börse Online. Their offer surpasses the conditions of well-known banks such as ING or DKB and is significantly above the current key interest rate set by the European Central Bank (ECB).
Details on the Best Savings Account Offer
Consorsbank attracts new customers with an interest rate of 2.8% per annum. This high interest applies for the first three months after account opening. Savers have the option to invest up to one million euros. The deposit protection is particularly attractive: all funds up to 100,000 euros are secured by the German deposit protection scheme.
Comparison with Other Banks
The following table illustrates how Consorsbank’s conditions compare with those of other well-known banks:
| Bank | Interest Rate (New Customers) | Duration of the Promotional Rate | Comments |
|---|---|---|---|
| Consorsbank | 2.8% | 3 months | Max. 1 million euros |
| ING | 2.5% | 4 months | |
| DKB | approx. 1% | permanent | For all customers |
Background: Why is the Offer So Attractive?
The ECB has recently drastically lowered its key interest rates, leading many banks to also reduce their savings account interest rates. However, there are still individual institutions like Consorsbank that offer particularly high interest rates with time-limited promotions – especially for new customers.
For savers, this offer is particularly interesting as it represents a secure form of investment: the money remains available on a daily basis and is protected from the German deposit protection scheme up to the statutory limit.
Conclusion
Anyone looking for an attractive return on their savings in the short term and willing to open a new account can currently find the best savings account offer in Germany at Consorsbank – with an impressive interest rate of up to 2.8 percent on a maximum of one million euros for three months.