Sparcheck: Diese Tagesgeld-Angebote sind bessere Alternativen zum Spitzenzins von Revolut

Revolut, a British neobank, is currently advertising a 4.25 percent daily interest account. However, this offer may not be suitable for everyone. The Sparcheck by Handelsblatt provides alternatives for savers. What are the "rules of the game" for Revolut's daily interest? At 4.25 percent, Revolut's new offer is at the top of relevant interest rate listings.

Initially, this seems like a good deal, especially with four months of interest guarantee. But a closer look reveals the fine print: the interest applies only up to a maximum of 25,000 euros. Additionally, account holders must make at least three transactions of five euros each every 30 days. The Revolut app, similar to a traditional bank account, is a prerequisite to hold the daily interest.

What benefits does this offer have? The bank aims to deter customers who always seek the best daily interest rate, or "shop around" for it. The offer is therefore most beneficial for those considering switching to Revolut to actively maintain an account. What alternatives are there? If a high interest rate is the primary goal, Chase leads the way.

J.P. Morgan's German subsidiary offers 4 percent for four months up to a maximum deposit of one million euros. No bank account or deposit is required, as is the case with many other options currently listed as the best interest rates. Savers who do not frequently monitor their daily interest might find Bank of Scotland appealing.

Here, interest is only 3 percent, but it is guaranteed for a year. Like Bank of Scotland, no deposit or bank account is required. However, a limitation exists: if the European Central Bank's deposit interest rate falls from the current 2.25 percent to below 1.25 percent, the interest will not be paid. This is theoretically possible but unlikely, according to Rudolf Krux from the consumer portal Biallo.de.

A middle ground is offered by Suresse Direct Bank, a subsidiary of Spanish major Santander. They currently offer 3.5 percent for six months. The Bank BBVA offers the same interest rate but on a current account. For max holders of Herbst from FMH-Finanzberatung, this offer is less suitable since frequent opening and closing of current accounts can negatively affect Schufa scores.

The safety of money at Revolut: Revolut originates from the UK and operates in the EU with Lithuanian and recently French banking licenses. The money acquired through their daily interest offer is to be kept in Deutsche Bank. Deposits of existing customers are insured by the German statutory deposit insurance covering up to 100,000 euros per customer.

Moreover, Deutsche Bank is considered systemically important and would be backed by the German government in a bank crisis scenario. This scenario is unlikely to occur within the four months the daily interest offer is valid. More: Revolut pays 4.25 percent interest on daily interest – the offer has three caveats.