Overview
- Raisin raised its StartZins to 3.50% Friday, offering three months on up to €50,000 in an instant‑access savings account known in Germany as Tagesgeld.
- Bank deposits in the EU are covered by national schemes up to €100,000 per bank, while a widely advertised 4% offer from crypto provider DeBlock uses DeFi structures and carries no deposit insurance.
- Competing promos include Consorsbank at 3.40% for three months before 0.80%, Santander at 3.30% for four months under Germany’s scheme, Bank of Scotland at 3.25% before 1.25%, and Distingo at 3.30% for three months before 1.95% on up to €150,000.
- The top rates largely target new customers for three to six months and then reset to a much lower Anschlusszins, so savers who want to keep the yield must track end dates or switch providers.
- Many regional Volksbanken and Sparkassen still pay very low daily rates near 0.25% to 0.35% in places like Bavaria, while overregional banks average about 1.30%, pushing consumers to move money to capture better returns.