Instant-Access Savings Accounts: How Savvy Savers Are Maximizing Returns

Since 2022, instant-access savings accounts (Tagesgeld) have been booming. After years of low interest rates, inflation has pushed many savers to opt for flexible options, while banks compete with rising interest rates to attract deposits. Instant-Access Savings Accounts offers quick access to savings, while fixed-term deposits (Festgeld) often provide better rates — at the cost of flexibility.

Currently, around 19.1 million Germans have Tagesgeld or Festgeld accounts (Allensbacher Markt- und Werbeträgeranalyse) — an opportunity banks are eagerly seizing with special interest offers to attract customers. However, savvy savers stay on the move, regularly switching banks to secure the best rates.