Advanzia teaches the overnight money competition to fear with a new offer: With 1.6 percent, guaranteed for three months, the Luxembourg offer a whopping 0.35 percentage points more than the second place in the overnight money comparison.

The front runners in the overnight money comparison by FOCUS online have long since left the one percent mark behind. So far, 1.25 percent was considered the measure of all things – but this value was literally pulverized. The Advanzia Bank from Luxembourg has offered a whopping 1.6 percent since Monday; available daily and guaranteed for three months. That’s more than most German banks call for fixed deposits.

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MyMoney Bank from France has to be satisfied with second place. With 1.25 percent, it is 0.05 percentage points ahead of third-placed Qliro from Sweden, which offers 1.20 percent.

In all three countries, the EU deposit insurance applies to a balance of up to 100,000 euros, in Sweden the equivalent of 950,000 Swedish crowns. Since the state finances of Luxembourg, France and Sweden are considered to be very solid, investors’ money is very safe here, almost like in Germany.

MyMoney also scores with a low minimum deposit (from 1 euro) and a 14-day interest credit on the 1st and 15th of each month, which increases the compound interest effect a bit; if only cosmetically.

In Germany, C24, a subsidiary of the German comparison portal Check24, has recently also offered 1.25 percent interest on call money, guaranteed until March 31, 2022. However, customers only get this if they also open a current account with C24. Behind it is still Bank11, which guarantees its 1.11 percent for four months and also offers German deposit insurance. However, the offer is only valid for new customers. Anyone who has not yet made any investments with Bank11 is defined as such. For existing customers, on the other hand, the previous offers of 0.3 or 0.5 percent interest per annum and only up to a balance of 100,000 euros apply, depending on the date the account was opened. In addition, there is only 0.05 percent for new customers. If the deposit exceeds 1,000,000 euros, there is only 0.01 percent interest.

Existing customers currently have the best cards with Renault Bank. The French raised the overnight interest rate on existing accounts to 0.7 percent a week ago. The DKB, which has so far only paid its customers 0.01 percent on overnight money, announced that it would raise its interest rate to 0.4 percent – but not until December 1, 2022. The offer applies to both new and existing customers. A requirement for a call money account at the DKB is also the opening of a current account.

ING also wants to raise the interest rate for its existing customers to 0.3 percent on December 1, 2022. On the other hand, new customers receive 1.0 percent from Dirk Nowitzki’s bank.

Open an overnight deposit account with ING here

At both German banks, the German deposit protection funds of the Association of German Banks (BdB, in the case of ING) and the savings banks (in the case of the DKB) also attack, so that customer deposits there are secured with even higher sums.

Are these call money rates still too low for you? Then take a look at our fixed deposit comparison. Interest rates of up to 2.70 percent for a term of only one year lure there. With two years, even 3.00 percent per year is possible. The best time deposit offer in German banks comes from GEFA Bank with 1.90 percent, ahead of pbb direct and Bank11, each with 1.75 percent for one year. GEFA Bank is also making the best offer this week for a two-year term at 2.53 percent interest per annum.