The interest rate race continues. At the end of September, the German bank pbb took the lead. Renault Bank immediately followed suit. Both offer 0.75 percent per annum.

After the European Central Bank (ECB) raised the key interest rate again, the daily allowance interest rates also rose significantly. At the beginning of the week, pbb directly raised its interest rate to 0.75 percent. The currently best offer in Europe – and that with German deposit protection. On Thursday, Renault Bank followed suit and also offered 0.75 percent. The race between the banks for money from their savings customers is picking up speed again.

In the overnight money comparison by FOCUS online, two German and two French banks occupy the first four places at the turn of the month: behind pbb direct and Renault

My Money Bank of France came in third with 0.7 percent, ahead of Consorsbank, which continued to offer 0.6 percent.

The special feature: Renault guarantees new customers the overnight interest rate for 3 months, Consors even for six months.

The pbb direct offers savers 0.75 percent interest on overnight money. The offer is valid for a minimum deposit of 5000 euros. However, pbb direct does not offer an interest rate guarantee.

Open an overnight money account with pbb directly here

After the renewed interest rate hike, Renault Bank caught up directly with pbb and is also offering 0.75 percent. The French also guarantee this interest rate for three months. For existing customers who already have an account with Renault Bank, the interest rate was also offered, but only at 0.60 percent. This is still very attractive compared to existing customer offers from other banks. Open an overnight deposit account at Renault Bank here

My Money Bank in third place offers 0.7 percent without a guarantee period.

Open an overnight money account with My Money Bank here (advertisement)

There is still an interesting interest rate guarantee from the German Consorsbank. The people of Munich have also come up with something in the event of rising interest rates.

The Consorsbank not only pays 0.6 percent interest on the money market account, but also guarantees the interest rate for six months. The highlight: If the overnight interest rate continues to rise within the six months, customers are automatically credited with the higher value from this point in time. Interest is credited quarterly. A free securities account is also included, which new customers can use to trade free of charge for the first six months.

Consors even offers to extend the guarantee for the promotional interest rate by another six months if the customer

Of course, the whole thing comes with German deposit insurance and no minimum deposit.

Open an overnight deposit account with the Consorsbank here (advertisement)

At all of the banks mentioned, the EU deposit insurance applies to a balance of up to 100,000 euros. For the My Money Bank and the Renault Bank directly, the state of France guarantees the credit with a very good credit rating of AA. With AAA, the Federal Republic of Germany enjoys an absolute top credit rating. In addition, Consorsbank and pbb both belong directly to the deposit protection fund of the Federal Association of German Banks (BdB), so that customer deposits there are secured with even higher amounts.

Are these call money rates still too low for you? Then take a look at our fixed deposit comparison. Interest rates of up to 2.2 percent for a term of only one year lure there. With two years, even 2.50 percent per year are possible. The best time deposit offer from a German bank comes from pbb directly with 1.75 percent for one year. PEAC Bank offers 2.15 percent per annum for a two-year term with German deposit insurance.