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Banks Lift Short-Term Savings Rates to 3–3.4% in New Promo Push

Higher market yields are letting lenders pay more on new money.

Overview

  • Topline savings promos reported Friday include Consorsbank at 3.40% for three months, Santander at 3.3% for four months, and TF Bank at 3% for four months.
  • For fixed terms, Bank of Scotland is paying 3.0% on a one-year deposit under Germany’s deposit guarantee.
  • These headline rates are temporary for new customers, with follow-on yields far lower such as 0.8% at Consorsbank, 0.3% at Santander, and 1.45% at TF Bank after the promo.
  • A separate 4% offer from French neo-bank Deblock uses crypto finance by sweeping euros into a stablecoin vault and it carries no standard deposit insurance.
  • Savers should check the term, caps, and which national scheme protects funds, since cover is usually €100,000 per bank in the EU and about 1,150,000 SEK in Sweden with payout tied to the euro–krona rate.