With 1.65 percent, the Swedish TF Bank offers the highest overnight interest rate in Europe from Wednesday, ahead of the Advanzia from Luxembourg. Behind it, Renault Bank is catching up with Barclays. Both offer 1.5 percent – with an interest rate guarantee.

For weeks, Advanzia from Luxembourg took first place in the daily money comparison by FOCUS online with 1.6 percent and a three-month interest rate guarantee. Now the TK Bank from Sweden is passing: From November 30, the Swedes are offering 1.65 percent, but without an interest rate guarantee. Since Luxembourg’s public finances are considered to be very solid, investors’ money is almost as safe here as in Germany. The state is officially liable but only up to 100,000 euros.

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Behind them, Renault Bank has caught up with Barclays. Both now offer 1.5 percent, with Barclays guaranteeing this for four months and Renault for three months. And both banks accept up to 250,000 euros in investment money at the promotional interest rate.

However, the deposit protection of the assets is different: At the German branch of Barclays, the German deposit protection applies, supplemented by the deposit protection fund of the Association of German Banks (BdB). This theoretically protects deposits at Barclays up to 120,000,000 euros. Renault Bank is subject to French deposit insurance, which is officially only liable up to EUR 100,000 according to EU requirements.

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Open an overnight deposit account at Renault Bank here

Bank11 has slipped down to fourth place again. The German institute with correspondingly secure deposit insurance accepts credit balances of up to 100,000 euros at a promotional interest rate of 1.4 percent. Bank11 guarantees this interest rate for four months.

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The Consorsbank is now lagging behind again with 1.3 percent. However, the interest rate is guaranteed here for six months – plus the promise to raise the interest rate again during this period if Consors should increase its call money rate again. The special interest rate is granted up to a deposit volume of one million euros.

Open an overnight money account at the Consorsbank here

For the sake of completeness, it should be mentioned that Volksbank Hochtaunus (“Meine Bank”) and OPEL Bank also offer attractive interest rates of 1.5 percent on overnight money. However, these cannot be completed via the FOCUS online comparison, but only directly from the banks.

Important detail: OPEL Bank accepts credit balances of up to one million euros for interest from new customers. Because OPEL now belongs to the French PSA group (Peugeot, Citröen), the bank is also located there. As with Renault, the French deposit guarantee applies, which is theoretically “only” valid up to 100,000 euros.

Existing customers currently have the best cards with Renault Bank. The French raised the call money rate on existing accounts again this week: to 1.0 percent. The DKB, which has so far only paid its customers 0.01 percent on call money, wants to raise the interest rate to 0.4 percent on December 1st. The offer applies to both new and existing customers and is linked to the opening of a current account.

ING will also increase the interest rate for its existing customers to 0.3 percent on December 1, 2022. New customers at Dirk Nowitzki’s bank, on the other hand, already receive 1.0 percent. Existing Consorsbank customers will only receive 0.3 percent from January 1, 2023. Surprisingly, the bank, which is courting new customers with attractive conditions, has so far paid its existing customers no interest at all on overnight money (0.00 percent).

Open an overnight deposit account with ING here

In the case of the German bank mentioned, the German deposit protection fund of the Association of German Banks (BdB, in the case of ING), the savings banks (in the case of the DKB) and the cooperative banks (“Meine Bank”) also attack, so that customer balances there are even higher are secured.

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 2.82 percent for a term of only one year. With two years, even 3.10 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 swk Bank with 1.95 percent. Over two years, the Ford MONEY Bank leaves the competition well behind with 2.80 percent.