Overview
- Norisbank sets the new market high at 3.33% for three months for new customers, tied to opening a current account, before reverting to 0.75%.
- Verivox counts 13 providers now advertising 3% or more, up from seven in early December.
- Promotional yields typically last three to six months and then fall to standard rates often around 0.5% to 0.75%, requiring active switching to sustain returns.
- For stability, some banks pay higher ongoing rates, including 2.9% at Ferratum under Malta’s guarantee and up to 2.3% at German institutions such as Varengold.
- EU deposit insurance generally covers up to €100,000 per bank and interest is taxable, with personal allowances accessible via exemption orders.