Summary of Tagesgeld-related Reddit Comments

Trade Republic (TR)

• Pro: Offers good interest rates and flexibility.
• Con: Limited customer service, potential issues with holding money unclearly, potentially risky investments in money market funds.

Santander

• Offers competitive interest rates, currently around 3%.

Sparkasse

• Offers low interest rates, typically around 0.5% on Tagesgeld accounts.

DBX0AN

• Mentioned for efficient management of funds, an alternative to traditional Tagesgeld accounts.
• Offers a way to avoid constant switching for better rates.
• Allows for tax optimization due to tax deferment until selling the ETF.

Geldmarkt-Fonds/ETFs

• Pro: Potential tax advantages, simplified management of funds.
• Con: Challenges understanding exact fund structures and tax implications.

Other Institutions

• Bank Norwegian: Offers competitive rates around 3.5% with 100k Euros deposit insurance.
• Renault Bank: Known for good interest rates and reliability.
• Dadat: Offers competitive rates, but decreasing to 1.25% soon.

General Observations about Tagesgeld:

• Interest rates are generally low for Tagesgeld accounts.
• Often used for emergency funds and short-term savings.
• Some individuals prefer using Geldmarkt-Fonds/ETFs for potentially higher returns.
• Switching between providers can be tedious, leading some to opt for stable options like DBX0AN or traditional Tagesgeld accounts with reasonable rates.

Bank Experiences:

• Mention of dissatisfaction with traditional banks like Sparkasse and Volksbank due to low interest rates and poor service.
• Humorous anecdotes about poor interest rates offered by certain banks.

Personal Strategies:

• Notgroschen (emergency funds) typically kept in Tagesgeld, while additional funds may be placed in ETFs like DBX0AN.
• Some users utilize multiple institutions to take advantage of varying interest rates.

Tax Consideration:

• Users note the implications of tax reporting when using ETFs like DBX0AN instead of traditional Tagesgeld accounts.

This summary provides insights into various Tagesgeld-related discussions on Reddit, highlighting preferences, experiences, and strategies around managing funds in Tagesgeld accounts and similar investment options.