Top interest rates with no catch: Consorsbank is attracting new customers with 3.75% interest on call money for five months. Find out how you can make the most of your money with no minimum investment amount and no hidden fees.
Since the interest rate turnaround began in June, banks and savings banks have gradually adjusted their terms and conditions for current and fixed-term deposit accounts. Nevertheless, some institutions continue to offer attractive interest rate guarantees for new customers – an opportunity that clever investors should take advantage of. A thorough comparison of the various offers is helpful here. One notable offer is the Consorsbank* which offers new customers a promotional interest rate of 3.75% pa on call money accounts for the first five months – a call money yield that is above the market average.
Everything at a glance:
- Consorsbank* offers new customers 3.75% pa interest on overnight money
- Interest rate guarantee for five months
- Maximum deposit amount: 1,000,000 euros
- Quarterly interest payment
Interest rate and guarantee period
Die Consorsbank* offers new customers an attractive promotional interest rate of 3.75% pa, which is guaranteed for the first five months. The interest rate is then reduced to the standard rate of 1% pa for existing customers.
Flexibility and availability
The daily money account of Consorsbank* is characterized by its high level of flexibility and constant access to deposits. Deposits of up to 1,000,000 euros can be invested at an attractive promotional interest rate. Interest is paid every three months, which ensures regular income distribution.
Account opening and fees
To open an account, you need a valid photo ID, a reference current account, a German residence and to be of legal age. In addition, you must have a free securities account with the Consorsbank* Existing customers who have been customers of the bank in the last six months are excluded from the promotional interest rate.
Deposit protection
The statutory deposit guarantee in France protects deposits of up to 100,000 euros per person. In addition, the Consorsbank* Voluntary member of the Deposit Protection Fund of the Association of German Banks, which protects deposits of private investors up to a maximum of 5 million euros.
Advantages
- Attractive promotional interest rate of 3.75% pa for new customers.
- Interest rate guarantee for five months
- Quarterly interest payment
- Maximum deposit amount of 1,000,000 euros
- Free opening and maintenance of a securities account
- Possibility of a joint account
- No tax return required
Disadvantages
- Only for new customers who have not been a customer of Consorsbank* were
- Interest rate drops to 1% pa after five months
Conclusion
The daily interest rate offer of Consorsbank* is currently particularly attractive for new customers. The high promotional interest rate of 3.75% pa, combined with the interest guarantee for five months, makes this offer very tempting. The quarterly interest payment and the option to invest up to 1,000,000 euros offer additional advantages. Thanks to the solid deposit protection and automatic tax deduction, the offer is also recommended for security and convenience reasons. In view of the impending interest rate cuts by the ECB, savers should act now and secure the attractive conditions. Our recommendation: Check the conditions on the market again after the new customer offer has expired. If you are prepared to change providers regularly, you can always benefit from the best interest rate. You can also find the best current daily money offers at any time in our daily money comparison.
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