The Consorsbank is still the leader in the call money comparison with 2.1 percent interest, guaranteed for six months. But with Advanzia from Luxembourg and ING, two well-known institutes are hot on her heels. Other competitors are likely to follow soon.

Since Christmas, the top 3 in the overnight money comparison by FOCUS online have been firmly in the hands of German banks. But now the Advanzia from Luxembourg is stirring up the field. The financial service provider, which has been known for years for its cheap credit cards, is now also offering 2.0 percent on the call money. Equipped with an interest rate guarantee of three months and a monthly interest credit, Advanzia has overtaken ING, which also offers two percent but only credits its interest once a year.

Consorsbank continues to offer the highest overnight interest rates at 2.1 percent, guaranteed for six months.

Open an overnight money account at the Consorsbank here

Incidentally, Advanzia expects customers to make a minimum deposit of 5,000 euros, while Consors and ING pay interest on their credit balances from the first euro. However, the ING special interest rate only applies up to a balance of EUR 50,000, while Consorsbank and Advanzia accept new deposits of up to EUR 1 million.

Open an overnight deposit account with Advanzia here (advertisement)

Open an overnight deposit account with ING here

Mymoneybank now occupies fourth place with 1.85 percent, ahead of Deutsche Bank 11 with 1.85 percent.

Open an overnight deposit account at Bank11 here (advertisement)

Consorsbank, ING and Bank11 banks are subject to German deposit insurance and are also members of the deposit insurance fund of the Association of German Banks (BdB). Your credit balances are thus secured up to the millions and not just up to 100,000 euros as with other EU banks. The last limit also applies to the Advanzia.

With the mymoneybank from France, credits are secured by the French state up to 100,000 euros. You can find all the details about the daily money market leaders in the money market comparison from FOCUS online.

Investors who are not averse to the stock market can find an alternative to overnight money at the smartphone broker Trade Republic. There, credit balances on clearing accounts have recently also been paying interest at two percent. Of course, Trade Republic relies on customers only depositing their money there for a short time before they buy securities. All conditions of the Trade Republic offer can be found here.

Existing customers currently have the best cards with Renault Bank. The French raised the call money rate on existing accounts again in December: to 1.0 percent. Advanzia credits its existing customers with 0.8 percent. DKB raised the interest rate for its existing customers to 0.4 percent on December 1, and 0.3 percent has applied to existing customers at ING since December 2022. New customers at Dirk Nowitzki’s bank, on the other hand, already receive 2.0 percent. Existing Consorsbank customers have even received 0.3 percent on overnight money since January 1, 2023.

Are these call money rates still too low for you? Then take a look at our fixed deposit comparison. There, European banks are tempting with interest rates of up to three percent for a term of only one year. With two years, even 3.36 percent per year are possible. The best time deposit offer from a bank with German deposit insurance for a term of twelve months comes from Bank11 with 2.3 percent. For two years, pbb even pays 3.0 percent per annum directly.