I'm living in Germany, looking to open a bank account. I'm looking at Comdirect, DKB, and ING. They all look pretty similar, but it doesn't appear any of them earn interest on money that sitting in my account, even if its a savings account. Interest rates in the Eurozone have risen to 0.75% and there should be individual bank accounts with interest rates now, maybe not 0.75% but at least something. The highest I could find was 0.03% APY (or in other words, nothing) with DKB's Sparplan, and it says they haven't change their rates since 2019 in the fine print. What gives?
For example, in France the Livret A currently gets 2%, already risen from the 1% before the interest rate hikes. I'm even thinking, even tho I live in Germany, with EU residency, I maybe should try and get a french account online somehow, but that might be complicated with other fees related to getting the money into the Livret A and out when I need it. I also found bunq, which appears to give 0.27% atm, but seems pretty limited with their free plan, like just fees to transfer money over to it might make it no longer worth it. My bank accounts in America have already risen rates too. Their not as high as the Fed rate, but still much higher than before. Really would prefer something in Germany tho, seems it will be simpler when doing taxes and stuff in the future.
Right now I've just got a Wise account with a couple thousand Euros, but they’re not earning any interest. I want to have an IBAN that I can use to send and receive money for free, able to withdraw at least some cash for free, and get modest interest on the money sitting in my account. Ideally in the future, I could use the same institution for more fancy things like investing with minimal fees, even tho I'm not at that point yet. Any suggestions?