What Are the Best Savings Rates in Germany? (2026)
Never read a German Tagesgeld headline on its own: six of the eight rates below are Neukundenzinsen that run three to six months and then fall. Revolut advertises 4.25% and pays 1.25% after four months. Bigbank advertises 4.05% and still pays 2.25% afterwards, which makes it the better account for money you are not going to move again. For a fixed term, pbb direkt pays 3.25% for 36 months on at least EUR 5,000. Every rate here is gross: the Abgeltungsteuer takes 25% plus the 5.5% solidarity surcharge on that tax, unless a Freistellungsauftrag shelters your first EUR 1,000 a year, EUR 2,000 as a jointly assessed couple.
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What Are the Best Savings Rates?
Eight products from the August 2026 catalogue, instant-access Tagesgeld first and the fixed-term Festgeld rung after it. Each card carries both figures, the promotional rate and the rate that follows it, because the second one is what you actually earn on money you leave alone. Revolut tops the headline at 4.25% for four months, capped at EUR 25,000, and needs an open Revolut current account and three card payments of at least EUR 5 every 30 days to keep it. Bigbank is the honest winner over a year at 4.05% then 2.25%. norisbank runs its 4.00% longest, six months, then drops hardest, to 0.75%. Chase pays 4.00% then 2.00% with interest credited monthly. Consorsbank pays 3.60% then 0.80%, pbb direkt 3.25% fixed for three years, ING 3.20% then 0.75%, and Trade Republic 2.25% with no promotional period at all, tracking the ECB deposit rate.
Revolut
Revolut Instant Access Savings (Tagesgeld)
4.25% promo: highest Tagesgeld rate in Germany
Open account
- Interest rate
- 4,25% p.a. gross, first 4 months, then 1,25%
- Term
- Instant access
- Minimum deposit
- None
- Deposit protection
- EUR 100,000 per depositor
- Interest paid
- daily
- Abgeltungsteuer
- Withheld at source
More details
- Notice period
Notice period
How far ahead of the renewal date you must cancel in writing (Kündigungsfrist). Miss the window and the contract runs another full term.
- 0 days
Prices as of August 2026, verify on the provider site.
Pros
- New accounts under German deposit insurance
- Daily interest payout with compounding
Cons
- Promo capped at EUR 25,000 and tied to card usage
Best for Savers willing to move the money again when the promo ends
- Interest rate
- 4,05% p.a. gross, first 4 months, then 2,25%
- Term
- Instant access
- Minimum deposit
- None
- Deposit protection
- EUR 100,000 per depositor
- Interest paid
- annual
- Abgeltungsteuer
- You declare it (Anlage KAP)
More details
- Protection scheme
- Estonian Guarantee Fund (Tagatisfond) EUR 100,000; Estonia sovereign rating A range (lower than DE/NL).
- Notice period
Notice period
How far ahead of the renewal date you must cancel in writing (Kündigungsfrist). Miss the window and the contract runs another full term.
- 0 days
Prices as of August 2026, verify on the provider site.
Pros
- 2.25% post-promo rate beats most German standards
- No minimum deposit
Cons
- Estonian deposit scheme, not German
Best for Savers who want a rate without moving their Girokonto
- Interest rate
- 4% p.a. gross, first 6 months, then 0,75%
- Term
- Instant access
- Minimum deposit
- None
- Deposit protection
- EUR 100,000 per depositor
- Interest paid
- quarterly
- Abgeltungsteuer
- Withheld at source
More details
- Protection scheme
- EdB statutory EUR 100,000; norisbank participates via Deutsche Bank Group in the BdB voluntary fund.
- Notice period
Notice period
How far ahead of the renewal date you must cancel in writing (Kündigungsfrist). Miss the window and the contract runs another full term.
- 0 days
Prices as of August 2026, verify on the provider site.
Pros
- Promo valid up to EUR 250,000
- Quarterly interest credits
Cons
- Crashes to 0.75% after six months
Best for Savers who want a rate without moving their Girokonto
- Interest rate
- 4% p.a. gross, first 4 months, then 2%
- Term
- Instant access
- Minimum deposit
- None
- Deposit protection
- EUR 100,000 per depositor
- Interest paid
- monthly
- Abgeltungsteuer
- Withheld at source
More details
- Protection scheme
- German statutory scheme via EdB (J.P. Morgan Europe Limited is German-licensed, Frankfurt).
- Notice period
Notice period
How far ahead of the renewal date you must cancel in writing (Kündigungsfrist). Miss the window and the contract runs another full term.
- 0 days
Prices as of August 2026, verify on the provider site.
Pros
- 2.00% base rate afterwards, best-in-class floor
- German deposit insurance
Cons
- Promo only four months
Best for Savers who want a rate without moving their Girokonto
Consorsbank
Consorsbank Tagesgeld
3.60% guaranteed five months, market-leading August 2026
Open account- Interest rate
- 3,6% p.a. gross, first 5 months, then 0,8%
- Term
- Instant access
- Minimum deposit
- None
- Deposit protection
- EUR 100,000 per depositor
- Interest paid
- quarterly
- Abgeltungsteuer
- Withheld at source
More details
- Protection scheme
- French statutory scheme FGDR up to EUR 100,000 (BNP Paribas France licence); plus BdB voluntary fund up to EUR 3m via German membership.
- Notice period
Notice period
How far ahead of the renewal date you must cancel in writing (Kündigungsfrist). Miss the window and the contract runs another full term.
- 0 days
Prices as of August 2026, verify on the provider site.
Pros
- Promo valid up to EUR 1,000,000
- Quarterly interest credits
Cons
- Falls to 0.80% after five months
Best for Savers who want a rate without moving their Girokonto
pbb direkt
pbb direkt Festgeld 36 Monate
3.25% fixed three years: German-insurance market top
Open account- Interest rate
- 3,25% p.a. gross
- Term
- 36 months fixed
- Minimum deposit
- EUR 5,000
- Deposit protection
- EUR 100,000 per depositor
- Interest paid
- annual
- Abgeltungsteuer
- Withheld at source
Prices as of August 2026, verify on the provider site.
Pros
- No maximum deposit
- Protection up to EUR 3m via BdB fund
Cons
- EUR 5,000 minimum deposit
Best for Savers who want a rate without moving their Girokonto
- Interest rate
- 3,2% p.a. gross, first 4 months, then 0,75%
- Term
- Instant access
- Minimum deposit
- None
- Deposit protection
- EUR 100,000 per depositor
- Interest paid
- annual (31 December)
- Abgeltungsteuer
- Withheld at source
More details
- Protection scheme
- Statutory German scheme via Entschädigungseinrichtung deutscher Banken (EdB) up to EUR 100,000, plus voluntary Einlagensicherungsfonds of the Bundesverband deutscher Banken (BdB) up to EUR 3m per private customer (8.75% of own funds cap; reduces to EUR 1m from 1 Jan 2030).
- Notice period
Notice period
How far ahead of the renewal date you must cancel in writing (Kündigungsfrist). Miss the window and the contract runs another full term.
- 0 days
Prices as of August 2026, verify on the provider site.
Pros
- Promo rate applies up to EUR 250,000
- No minimum deposit, free account management
Cons
- Drops to 0.75% after the four-month promo
Best for Savers who want a rate without moving their Girokonto
Trade Republic
Trade Republic Cash interest (Girokonto/Verrechnungskonto)
2.25% = ECB deposit rate, passed through 1:1
Open account- Interest rate
- 2,25% p.a. gross
- Term
- Instant access
- Minimum deposit
- None
- Deposit protection
- EUR 100,000 per depositor
- Interest paid
- monthly
- Abgeltungsteuer
- Withheld at source
More details
- Protection scheme
- EUR 100,000 statutory per partner bank; cash is distributed across up to two partner banks (incl. Deutsche Bank, J.P. Morgan) for ~EUR 200,000 coverage; amounts beyond flow into a BlackRock qualified money-market fund (QMMF) which is special fund property (Sondervermögen), NOT deposit-insured.
- Notice period
Notice period
How far ahead of the renewal date you must cancel in writing (Kündigungsfrist). Miss the window and the contract runs another full term.
- 0 days
Prices as of August 2026, verify on the provider site.
Pros
- No minimum and no maximum balance
- Monthly interest with compounding
Cons
- Variable: falls instantly with ECB cuts
Best for Savers who want a rate without moving their Girokonto
How Do Tagesgeld and Festgeld Work?
German savings split into two products. Tagesgeld is instant access: the money is available every day, and the rate is variable, so the bank can change it whenever it likes. Festgeld is a fixed term: you agree a period, the rate is locked for the whole of it, and you cannot take the money out early. pbb direkt's three-year Festgeld at 3.25% is the only fixed-term rung here, and the trade for that certainty is a EUR 5,000 minimum and no early withdrawal.
The number that decides a German Tagesgeld account is not the one in the advert. Six of the eight products here quote a Neukundenzins, a new-customer rate that runs for a set number of months and then reverts. The catalogue carries both figures on every record, and the gap is large: Revolut goes from 4.25% to 1.25% after four months, norisbank from 4.00% to 0.75% after six, ING from 3.20% to 0.75% after four, Consorsbank from 3.60% to 0.80% after five. Bigbank and Chase are the two whose post-promotional rates stay respectable, 2.25% and 2.00%. Trade Republic quotes no promotional rate at all: 2.25% for new and existing customers alike, moving with the ECB deposit facility.
Two of these accounts are not standalone savings pots. Revolut's Instant Access Savings requires an open Revolut current account, and pays the promotional rate only on balances up to EUR 25,000 and only while you make three card payments of at least EUR 5 every 30 days. Trade Republic's cash interest is paid on the settlement account attached to a brokerage account, so opening one is part of the deal, and the interest has to be switched on in the app rather than arriving by default.
What Protects It, and What Does the Tax Take?
Every product here carries EUR 100,000 of deposit protection per depositor, but not from the same body. For the German-licensed banks that is the statutory Entschädigungseinrichtung deutscher Banken (EdB): ING, norisbank and Chase are all recorded under it, Chase because J.P. Morgan holds a German licence in Frankfurt and norisbank through the Deutsche Bank group. Several add a voluntary layer on top through the Bundesverband deutscher Banken fund, which covers ING customers up to EUR 3m per private customer today and reduces to EUR 1m from 1 January 2030. Consorsbank sits under the French FGDR because the account runs on BNP Paribas' French licence. Bigbank is protected by the Estonian Guarantee Fund, the Tagatisfond, at the same EUR 100,000, and the catalogue notes Estonia's sovereign rating sits in the A range rather than at Germany's AAA. Revolut's new German savings accounts have been held at Deutsche Bank AG since 18 August 2026 and fall under German statutory protection.
Trade Republic is the one to read carefully. Cash is spread across up to two partner banks, so protection reaches roughly EUR 200,000 rather than EUR 100,000. Anything above that flows into a BlackRock qualified money-market fund, which is Sondervermögen, segregated fund property, and carries no deposit insurance at all. That is a different kind of safety, not a stronger one.
Then the tax. Interest in Germany is investment income and is taxed by the Abgeltungsteuer at 25%, plus the solidarity surcharge of 5.5% levied on the tax itself. Lodging a Freistellungsauftrag with the bank shelters the first EUR 1,000 of investment income a year, or EUR 2,000 for a jointly assessed couple, and you can split that allowance across several banks. Whether the bank does the work depends on its licence: Revolut, norisbank, Chase, Consorsbank, pbb direkt, ING and Trade Republic all withhold at source. Bigbank does not. Its Estonian licence means no German withholding and no Freistellungsauftrag, Estonia levies no withholding tax on interest paid out of the country either, and the whole amount has to be declared yourself in Anlage KAP. That is manageable on a small balance and a real chore on a large one.
Frequently Asked Questions
Which German savings account has the best rate?
It depends how long you leave the money there. Revolut leads on the headline at 4.25% but only for four months, and then pays 1.25%. Bigbank pays 4.05% for four months and 2.25% afterwards, which is the strongest rate once the promo ends. If you can lock the money away, pbb direkt pays 3.25% fixed for 36 months on a minimum of EUR 5,000.
How is interest on savings taxed in Germany?
By the Abgeltungsteuer: 25% on the interest, plus the 5.5% solidarity surcharge levied on that tax. Lodge a Freistellungsauftrag with the bank and the first EUR 1,000 of investment income a year is free of it, EUR 2,000 for a jointly assessed couple. Every rate quoted on this page is gross, before that deduction.
Does the bank deduct the tax for me?
Most do. Revolut, norisbank, Chase, Consorsbank, pbb direkt, ING and Trade Republic are all recorded as withholding the Abgeltungsteuer at source, which is also what makes a Freistellungsauftrag work. Bigbank does not: it holds an Estonian licence, deducts nothing, and the interest has to be declared yourself in Anlage KAP of your German tax return.
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