Overview
- The 3.1% p.a. promotional rate applies from account opening for three months on balances up to €1,000,000.
- Deposits above the cap or funds after the promotional window earn a variable 0.8% p.a., which is also the current rate for existing customers.
- New customer status requires no Consorsbank account or securities depot within the past six months, and the savings account is linked to a securities account.
- Interest is paid quarterly on March 31, June 30, September 30 and December 31, enhancing compounding versus annual payout.
- Consorsbank, a BNP Paribas subsidiary, states coverage under French statutory deposit insurance up to €100,000 and participation in the BdB voluntary scheme, and its offer stands out in a market where the average German rate was 1.28% in September.