Hi,

At present, I have "Das Junge Konto" at Deutsche Bank. As I have started my Job, I would like to open a Savings Account. Does any one know which Bank has the best savings account (interest rates,etc.. )? and advantages, disadvantages in opening a savings account...

Thanking you,
N

I know of one, but you can't get money directly out of it with a card because there's no card given :-) It's the American Express Bank (www.amexbank.de), I'm with them since 2 years now and they offer a 3% interest rate per month (which you can't get elsewhere). But it is mainly an online account, so you have to transfert money from your Amex account to your "Normal" account if you want to use money from there.

D.

Just seen that they are at 1.5% pa now, I think they changed, but I still get a 3% per month (maybe they kept that way for older customers).

D.

BTW It's the Online Daily Cash

Hi,

check www.1822direkt.de

this one is good - its online bank - offers good interest plus sparkasse card - its part of sparkasse frankfurt.

regards

Hello NoBody,
it's 3% p.a not month. check it out :-)

Cheers
Raghu

Hi Raghu,

that's what I said in my second message, they switched it to a year cyclus, but I had and still have one of 3% per month.

D.

:-)

3% per month - they would be crazy to give 36% per annum - so you mean you get 3600 euro per annum for every 10000 - :-)

cool..... :-)

3% per month is 36% per year

somehow hard to believe

DvD

it was joke of the day....

hey nobody, don't mind - i just cant stop laughing on your miss-typing.....

hello Nagananda (hope you are from India),

I would say the best way to open a savings account is opening a ICICI NRI bank account in India. They offer you around 3.5-4.5 % based on different schemes.
They have an understanding with Case Manhattan bank in Frankfurt and if you want to transfer money to ICICI you can just transfer to CASE MANHATTAN and they will transfer it to India free of charge.So the transfer is Kostenlos.

Moreover you can open a joint account with your mother's name and transfer a fixed amount every month. In this case you can show this account as the money sent to your mother and claim it in the Tax Returns.

Good luck in savings..
chandra