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German Banks Jostle With 3.4% Teasers as Scalable Capital Sets a 2.5% Ongoing Rate

Short guarantees, balance caps, low follow-up rates now decide what savers actually earn.

Overview

  • Comparison data from Verivox shows instant‑access “Tagesgeld” offers topping out at 3.40% as teaser deals that usually last only a few months for new customers.
  • Consorsbank leads with 3.40% for three months before dropping to 0.80%, while Norisbank advertises 3.33% until June 30 with a €250,000 cap and a required checking account.
  • Scalable Capital launched a 2.5% instant‑access rate that applies without a time limit to both new and existing customers, which changes the trade‑off versus short promos.
  • Consumer site tz.de lists a Deblock “autosweep” account at 4.00% in current tables, though such standout listings often include strict limits and can move quickly.
  • Top two‑year fixed deposits reach about 3.04% via wiLLBe, with German‑insured options near 2.66%, and Verivox calculates roughly €216 more on €10,000 than an average Sparkasse; deposits are protected up to €100,000 per bank and foreign banks may require you to report interest for taxes.