Overview
- Verivox examined posted rates at 127 banks in northern Germany and reported that 43% of 58 Sparkassen pay 0% to 0.25% on instant-access savings accounts known as Tagesgeld.
- Among 61 cooperative banks, about one in three offer no interest or up to 0.25% on those flexible accounts.
- Every one of the eight overregional banks in the sample pays more than 0.25% on instant-access savings.
- Fixed-term deposits, which lock money for set periods, showed smaller gaps, with two-year offers averaging 2.09% nationwide versus 1.58% at Sparkassen and 1.68% at cooperatives.
- Hamburger Sparkasse disputed a listed account as discontinued, and Verivox pointed to the bank’s online price notice, highlighting the limits of point-in-time comparisons based on published price displays.