TARGOBANK review

TARGOBANK pays a headline rate of 3.25% on its easy-access savings account, and the rate type is variable, so the figure can change with the base rate. The account kind is easy access, so the balance stays reachable rather than tied to a term.

There is no monthly charge on this account, with fees of €0 and a minimum deposit of €0, so holding a balance costs nothing. The site's median for minimum deposit is €0.88, and TARGOBANK ranks 1 of 379 on it.

The account kind is easy access: the full balance is available every day and there is no notice period, so money can move out on the same day it is needed. Withdrawals go to the reference account you hold with the bank, and a reference account is required to run this account.

You need a minimum age and an existing reference account with the same bank, since the account is only for customers who already bank there. TARGOBANK AG is headquartered in Germany and has been a bank since 1926, so the account fits savers inside the German market.

The median headline rate across the site is 3%, and TARGOBANK's 3.25% sits above it, as does Wise at 3.29%. bunq pays 3.01%, and TARGOBANK ranks 230 of 488 brands on headline rate.

Support runs on email and phone, so questions can go by email or by phone, and there is no live chat or community space listed for the account. Contact sits with the same bank that holds the reference account, TARGOBANK AG, which has operated since 1926.

The overall score is 5.8, split into 6.5 on cost and 4.8 on offer, and 3 alternatives are listed alongside it. Offer is the lower of the two, and the headline rate ranks 230 of 488 brands.