Grenke Bank Flexible Savings Account: Grenke Bank Tagesgeld Review 2026
In a nutshell:
- The “Grenke Bank Tagesgeld” is a flexible savings account offered by Grenke Bank.
- It pays a top interest rate of 2.2% annually.
- Savings are protected under the national deposit insurance scheme of Germany.
Find all the details below in our frequently asked questions, or enter your savings amount and duration in our interest calculator below to easily figure out in a few seconds how much return you can earn with your flexible savings account by Grenke Bank.
Grenke Bank
Grenke Bank Tagesgeld
2.20%
annual percentage yield
How much interest does the Grenke Bank Grenke Bank Tagesgeld pay?
Grenke Bank offers the flexible savings account "Grenke Bank Tagesgeld" with monthly interest payouts. The promotional interest rate of 2.2% is valid for 3 months. This interest is applicable for account balances of at most 500,000 euros. The regular interest rate is 1.5%. You must maintain a balance of at most 500,000 euros.
Who is behind Grenke Bank?
Grenke Bank got its name after the takeover of Hesse Newman & Co., a private bank with a history dating back to 1777. It belongs to Grenke AG, which is a German financial services company that offers leasing, financing, and savings products through its subsidiaries. While historically known for leasing and SME financing, Grenke also provides deposit products to retail customers through its banking arm. Grenke positions itself as a flexible financial partner that combines traditional banking with modern digital tools, a focus on simplicity, and competitive conditions.
How safe is my money with Grenke Bank?
Deposits at Grenke are protected by Germany’s statutory deposit guarantee scheme (Entschädigungseinrichtung deutscher Banken) up to 100,000 euros per depositor and per institution, in accordance with EU law. Germany’s sovereign credit rating remains strong (at AAA), reflecting a stable economic and financial environment that supports confidence in the banking system and deposit protection.
Grenke Bank AG is also a member of the Deposit Protection Fund of the Association of German Banks (Bundesverband deutscher Banken e. V.), which secures deposits above the legally protected threshold.
How can I manage the Grenke Bank Tagesgeld account?
The Grenke Bank Tagesgeld at Grenke is managed through the bank’s online banking platform, which allows you to view balances, track earned interest, and initiate transfers to your linked reference account, start new investments, and more. It is in German. Such is also the customer service available via telephone and email.
How can I open the Grenke Bank Grenke Bank Tagesgeld?
To open the "Grenke Bank Tagesgeld" at Grenke, you apply online via the bank’s website. Prospective savers must generally be at least 18 years old and often must have German residency. You also require a current account with a German bank (IBAN starting with DE) as a reference account. This account is used to transfer funds to and from the Grenke flexible savings account.
The onboarding process includes entering your personal details and completing identity verification, which you can perform online via webcam (VideoIdent) or at a post office branch (PostIdent). You require a valid ID or passport.
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