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Plan to boost your savings? Check out this hot deal that might slip under the radar! Is it worth jumping on board?
Finding a juicy savings account offer in this low-interest-rate era can be a challenge. Only a handful of banks still dish out top-notch offers, making it essential for savers to compare their options.
One enticing offer comes from TF Bank, currently promising new customers a whopping 3.40% interest on a 3-month term deposit. Your hard-earned cash gets credited monthly, and your capital is safeguarded by Swedish deposit insurance (up to 92,000 Euros).
Dive into the TF Bank offer here
After the initial 3 months, the interest rate drops to 1.45%. There's no minimum deposit, but the limit is set at 100,000 Euros.
At TF Bank, newbies get the perks! Unlike many other banks, they don't require a waiting period if you've terminated your existing relationship with them.
Is this offer too good to be true?
At first glance, TF Bank's offer might seem unbeatable, as it beats any other offers in the BÖRSE ONLINE savings account comparison. However, there's a small catch. The deposit insurance isn't provided by the Federal Republic of Germany.
Savvy savers who want an added layer of security for their stash should examine alternatives within the BÖRSE ONLINE savings account comparison. For the rest, stashing your money with TF Bank could be a smart move. Give the offer a whirl here
Worth digging deeper:
- Commerzbank's Topzinskonto Plus: A variable interest rate of 2% awaits new transfers, while it might not outdo TF Bank's rate, it's a competitive offering among traditional German banks[2].
- Fintech and Online Accounts:
- N26 Instant Savings: Offers a rate of 2.25%, ECB-linked and variable[1].
- Revolut: May offer up to ~2.69% AER on paid plans, yet this isn't a Germany-focused offer[1].
- Trade Republic: Provides 2.25% interest with no fees, great for fans of high rates and low costs[1].
- International Comparisons:
- EverBank and Newtek Bank: Offer rates up to 4.30% and 4.35%, respectively. However, these offers are not exclusively for German savers, so they come with different requirements or restrictions[4].
In a nutshell, TF Bank's 3.40% rate is a formidable competitor, but even higher rates can be found elsewhere - beyond the realm of traditional German bank accounts or under specific conditions. To pocket the highest rates, you might need to venture into international offerings, but be mindful that they come with unique requirements or restrictions.
Legal Nitty-Gritty:
- This comparison does not cover the complete market (§ 18 Abs. 6 ZKG).
- All information is subject to change, and errors are reserved.
Disclaimer:
- This comparison occasionally employs affiliate links. By clicking on these links (e.g., "Open account"), we may receive commissions. However, these links and associated commissions do not affect our content, as our primary objective is to provide you with unbiased information.
[1] Source: Investor.com[2] Source: Finanztest.de[4] Source: Forbes Advisor
- This TF Bank offer with a 3.40% interest rate on a 3-month term deposit is causing a stir in the personal-finance arena, outperforming many other options in the BÖRSE ONLINE savings account comparison.
- For those seeking an additional layer of security for their savings, it may be prudent to explore alternatives within the BÖRSE ONLINE savings account comparison, as the deposit insurance isn't provided by the Federal Republic of Germany.
