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These banks pay the highest overnight interest rates

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These banks pay the highest overnight interest rates

However, some institutions shoot the bird: They offer overnight money, but do not pay any interest on it. This is particularly annoying when there is also an account management fee, such as at the Donnersberg and Werra-Meißner savings banks, says Krux. After all: Unlike many private banks, savings banks and cooperative banks hardly take part in attractive offers with high interest rates, short terms and complicated conditions.

Also read: Call money or money market funds – which is better?

Things look better with fixed interest offers. Savings banks and cooperative banks offer an average annual interest rate of over two percent for all terms examined, including savings certificates. Individual banks even stand out from the crowd in a good way.

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