Santander Flexible Savings Account: Tagesgeld Review 2026
In a nutshell:
- The “Tagesgeld” is a flexible savings account offered by Santander.
- It pays a top interest rate of 2.75% 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 Santander.
Santander
Tagesgeld
2.76%
annual percentage yield
How much interest does the Santander Tagesgeld pay?
Santander offers the flexible savings account "Tagesgeld" with monthly interest payouts. The promotional interest rate of 2.75% is valid for 4 months. This interest is applicable for account balances of at most 999,999 euros. The regular interest rate is 0.3%.
Who is behind Santander?
Santander in Germany operates under the Santander Consumer Bank and Santander Bank brands and is part of the Spain-based Banco Santander group. The group is a leading international banking conglomerate with approximately 165 million clients. The bank offers retail banking, consumer finance, mortgages, savings, and investment products across many countries. In Germany, Santander focuses on consumer lending and retail banking services.
How safe is my money with Santander?
Santander Germany’s deposits are protected under the statutory German deposit guarantee (Entschädigungseinrichtung deutscher Banken) up to 100,000 euros per depositor. This German protection scheme is considered one of the most reliable worldwide, as Germany holds the top AAA credit rating.
As part of a global group, the bank benefits from parent-group oversight and consolidated regulatory supervision.
How can I manage the Tagesgeld account?
Santander customers use online banking and mobile apps (iOS/Android) to manage the flexible savings account, with telephone support, secure messaging, and local branch networks available for additional services. The web interface and customer service are only available in German. The smartphone application can be used in German and English to manage the Tagesgeld. When visiting a branch, the availability of foreign-language skills may depend on the individual clerk.
How can I open the Santander Tagesgeld?
Account opening for Santander’s flexible savings account and German retail products can be performed online or in a branch. The process includes identity verification via VideoIdent online or personal identification at a Santander branch or in a post office via PostIdent. Applicants of the German Tagesgeld must meet the age requirements of 18+ years and have their residency in Germany.
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