Renault Bank Savings

About this deal

Renault Bank direkt is the German savings arm of the carmaker's banking division, and it has built a steady reputation with one simple pitch: a straightforward Tagesgeld account with no minimum deposit. You do not need a chunk of cash to open it, and there is no requirement to keep a certain balance. That makes it a friendly first step for anyone just starting to separate savings from spending money.

The account pays interest on your balance while keeping it available every day, so it fits the classic job of an instant-access account: somewhere your emergency fund earns a little rather than nothing, without locking it away. Your deposits fall under the French deposit guarantee scheme, which like the German one protects up to 100,000 euros per customer.

Best for

• Beginners who want to start saving without a large opening deposit
• Anyone wanting a plain, no-frills place to hold a buffer
• Savers comfortable with a foreign deposit guarantee scheme

Two honest points. First, the rate is variable and can change as market conditions shift, so treat any current figure as a snapshot rather than a promise. Second, because protection sits with the French scheme rather than the German one, some savers prefer to keep a mental note of that if they hold very large balances or want the reassurance of a domestic guarantee.