Overview
- Norisbank will start a 4.0% p.a. promotional rate on July 1 for its Top‑Zinskonto through December 31, 2026, but the deal applies only to a newly opened account, counts only Neugeld, caps paid interest at €250,000 and requires an automated account switch with at least three payment partners.
- Bigbank currently advertises the highest headline rate at 4.05% p.a. for four months, but interest is paid gross and deposits are protected under Estonia’s scheme up to €100,000, requiring customers to declare tax on earnings.
- VW Bank raised its Tagesgeld to 3.1% for six months with no upper cap on the amount earning the promotional rate and standard German deposit insurance, which many savers prefer for larger balances.
- Several foreign entrants such as Chase, BBVA and Nordnet are offering aggressive caps and longer limits for wealthy clients, which is pushing domestic banks to use short promotions, switch bonuses and product bundling to attract funds.
- Consumers should compare the promotion length, eligibility rules, capped amounts, post‑promotion rates and the national deposit‑insurance regime before moving money because most offers revert to much lower base rates after the action ends.