J&T Direktbank review

The overnight deposit pays 2.25%, and the cash interest is listed as 2.25%. The rate is variable, so it can move with monetary policy rather than being fixed for a term. Money stays available daily and interest is credited to the account monthly.

Nothing to hold. The account fee is €0, the monthly fee is €0 and the minimum deposit is €0, so there is no balance to maintain and no charge to avoid. The only thing that matters is leaving enough in the account to earn the rate.

The account is offered by J&T BANKA, a.s., Zweigniederlassung Deutschland, a German branch of a bank whose home country is CZ and which dates back to 1998. Supervision sits with Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) and Ceska narodni banka (CNB). Deposits are covered by EU DGS up to EUR 100,000, while investment holdings would fall under EU ICS up to EUR 20,000.

Yes. Money is available daily, and the account kind is easy access, which is the point of this deposit. There is no minimum balance to keep up, since the minimum deposit is €0. Interest is paid monthly to the same account, so the payout arrives on a regular rhythm.

Support runs on email and phone, so questions go by email or by phone rather than through a branch network or in-app chat. There is no branch to visit, which suits savers who run the account online and would rather keep the exchange in writing.

It is variable, listed as variable. The headline rate of 2.25% can move with monetary policy, so the figure quoted today is not the figure earned later. That flexibility is the trade for an account fee of €0 and daily access to the balance.

Interest here is 2.25% on a variable rate, against a site median of 3% across the accounts listed. Savers after the highest rate in the field will find better returns elsewhere, so the case for this account rests on the €0 fee and daily access.

bunq lists a minimum deposit of €10, and CFI lists its minimum deposit of $0 in dollars, so neither takes the same shape as this account. Fiesta Credito MX is supervised by CONDUSEF rather than Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) and Ceska narodni banka (CNB), and belongs to a different market.