Is ING’s 3.5% rate available to private savers in Germany?

No. The 3.5% applies to selected business extra accounts, not standard retail customers. Retail savers should instead compare current Tagesgeld promos from direct banks and brokers. Always check eligibility, duration, and caps. For households, ING savings account interest outside this business offer remains below the 3.5% headline.

How does Consorsbank’s 3.4% compare with Postbank’s 2.8%?

Consorsbank’s 3.4% is a time-limited promo aimed at new money and often requires meeting specific conditions. Postbank’s roughly 2.8% is easier to access but pays less. If you can manage promo periods and reminders, the higher rate can win. Otherwise, the simpler but lower rate may fit.

What role does the ECB deposit rate play in savings offers?

It acts as a key benchmark for banks. When the ECB deposit rate is high, banks can afford to pay more to attract funds, but their margins may narrow. When it falls, headline offers usually ease. Savers should watch policy signals, because banks adjust Tagesgeld and Festgeld pricing quickly.

Should I switch banks now to get a higher savings rate?

If you hold cash at a low rate, consider switching to a promo with clear terms. Compare eligibility, caps, and what happens after the promo ends. Set a reminder to review again before the reset date. If you prefer stability, choose a slightly lower but simpler offer with fewer conditions.

Global Market Insights

February 27: ING’s 3.5% Offer Triggers Germany Savings Rate Race

ByDanny Kontos February 27, 2026

Germany’s savings rate race just intensified. ING savings account interest hit 3.5% on February 27, but only for selected business accounts, while retail savers see Consorsbank at 3.4% and Postbank at 2.8%. These headline offers can shift billions of euros across banks as customers chase better yields. We explain who qualifies, how these rates compare, and what this means for investors watching bank margins, deposit flows, and the path of the ECB deposit rate in 2026.