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Updated October 17, 2026 · VaultCue Editorial Team

Current vs TARGOBANK

Current scores 8.9 and TARGOBANK 9.4 out of 10. Compare their differences and shared features below.
Current

Current

8.9/10
Visit
TARGOBANK

TARGOBANK

Higher score in this comparison

9.4/10
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Current vs TARGOBANK: the differences

Current vs TARGOBANK
CompareCurrentCurrentReviewVisitVisitTARGOBANKTARGOBANKReviewSee alternativesSee alternatives
Headline rate0.25% to 4%Higher3.25%
Minimum deposit$0.010€0
Deposit protectionFDIC up to USD 250,000EU DGS up to EUR 100,000
Access termsSavings Pods accessible on demand in the mobile app, no notice period, up to three podsDaily availability of the full balance, no notice period; withdrawals to the reference account, minimum age 14, reference account required
Monthly fee$0€0

Same on both: Rate type (Variable), Account kind (Easy access).

We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings. Partners with a live offer in your country come first, then every other brand by score.

Key differences

  • TARGOBANK scores higher overall: 9.4 vs 8.9.
  • Headline rate is higher at Current: 0.25% to 4% vs 3.25%.
  • Support channels: only Current offers Chat, Help centre.
  • Support channels: only TARGOBANK offers Phone.

Our verdict on each

Current

Current is a set-aside account for a teen in the US who wants a pot they can reach from the phone. The minimum deposit is $0.01 and the variable rate runs 0.25% to 4%, so the pay on savings can move as the provider adjusts it.

Read the full Current review

TARGOBANK

TARGOBANK suits savers who need same-day access to the full balance, and students and teens building a first balance. It is an easy access account from a bank that has operated since 1926, with deposits covered under EU DGS up to EUR 100,000 and support running on email and phone.

Read the full TARGOBANK review

Score breakdown

Current vs TARGOBANK
AreaCurrentTARGOBANK
Cost9.1Monthly fees on the easy-access account run at $0, transfers cost $0 - no bank transfer fees and conversion 3%.9.3HigherMonthly fee of €0 and minimum deposit of €0 put the running cost at the floor, with branch transfers the only charge listed.
Offer8.78.8HigherHeadline rate of 3.25% sits close to the 3.08% median, so the offer is solid rather than standout.
TrustNot confirmed9.9

How they place

Current vs TARGOBANK
RankingCurrentTARGOBANK
Savings accounts27 of 1420115 of 1420
Student, teen and kids accounts7 of 27337 of 273

A third option

Finom has headline rate at 5%, against 0.25% to 4% for Current and 3.25% for TARGOBANK.

Finom review

Sources behind this comparison

Current

  • current.com: 11 facts, checked September 26, 2026

TARGOBANK

  • targobank.de: 12 facts, checked September 26, 2026

Every fact side by side

Current vs TARGOBANK
FactCurrentTARGOBANK
Pricing modelNo monthly feeNo monthly fee
Legal entityFinco Services, Inc. dba CurrentTARGOBANK AG
HeadquartersUnited StatesGermany
FoundedNot confirmed1926
Support channelsChat, Email, Help centreEmail, Phone

Everyday accounts

Current vs TARGOBANK
FactCurrentTARGOBANK
Currency conversion fee3%Not confirmed
AudienceTeenStudent, TeenCovers more
FeaturesFree ATM, Digital only, No credit checkCovers moreFree ATM
Local account detailsUs ACHNot confirmed
Free ATM withdrawals$0€0
Transfer fee$0 - no bank transfer fees3,50 EUR per transfer handled in a branch; online and SEPA transfers free

Where each stands against the rest

Current vs TARGOBANK
FactCurrentTARGOBANKMedian
Headline rate0.25% to 4%above the median3.25%at the median3.25

Median across 658 listed accounts.

Pros and cons

Current

Pros

  • Deposits are covered by FDIC up to USD 250,000, which is the detail a new saver should check.
  • The stated audience is teen, and the account kind is easy access.
  • Pods open on demand in the mobile app with no notice period, so a set-aside stays flexible.

Cons

  • The 0.25% to 4% range has a low floor, so a pod can earn very little for stretches.
  • Support runs on chat, email and help centre, so there is no phone line for urgent questions.
  • Currency conversion costs 3%, which makes it a weak base for holding travel money.

TARGOBANK

Pros

  • The full balance is available daily with no notice period, and withdrawals go to the reference account, so the easy access setup stays genuinely liquid.
  • Deposits sit under EU DGS up to EUR 100,000, a named compensation scheme rather than a private promise.
  • free atm comes with the account, and the bank lists student and teen as its audience.

Cons

  • Support runs on email and phone only, which is a narrow channel list for a retail savings product.
  • A transfer handled in a branch carries a charge, while online and SEPA transfers stay free.
  • The rate is variable, so savers after a locked return get no fixed term here.

Who each suits

Current

Who it suits

  • A teen in the US starting to set money aside, since the stated audience is teen.
  • Anyone happy to manage saving in the app, since pods run on demand with no notice period.
  • US savers paid in dollars, with transfers moving over us ach.

Who should look elsewhere

  • Plazo ES, whose headline rate of 24.19% sits well above the 0.25% to 4% range here.
  • AXI Card Tarjeta y Credito, listed at 21.59% if a higher headline number is the goal.
  • PayPal Colombia, listed at 3.3%, for anyone shopping only on the headline rate.

TARGOBANK

Who it suits

  • Savers who want the full balance back the same day without giving notice.
  • Students and teens starting out, since the listed audiences are student and teen.
  • Euro holders who prefer a bank to an app: TARGOBANK AG is based in Germany and has run since 1926.

Who should look elsewhere

  • Plazo ES, listed at 24.19%, and AXI Card Tarjeta y Credito, at 21.59%, sit well above 3.25%, so rate hunters have other places to look.
  • PayPal Colombia, at 3.3%, edges ahead of 3.25% and suits people who would rather hold a wallet balance than bank savings.

Current offers

Current

Current offer

  • Bonus

    1% cash back on eligible Build Card purchases: 1% cash back

    To earn Points you must receive at least one Eligible Payroll Deposit of at least $200 over a 35-day period and make Build Card purchases at retailers whose merchant code is in the selected categories in the app; points expire 365 days after they settle

    Source, checked September 26, 2026

Country by country

Current vs TARGOBANK
CountryCurrentTARGOBANK
GermanyNoYes
United StatesYesNo

Questions about each

Current

What does it cost to run a Current account?+

The monthly fee is $0 and the model is no monthly fee, so there is no standing charge to watch. Bank transfers are listed as $0 - no bank transfer fees. The cost that does apply is currency conversion at 3%, which matters if money is held or spent in another currency.

How do I move money in and out?+

Transfers run over us ach, so money moves through the US system. Bank transfers carry $0 - no bank transfer fees, and the minimum deposit is $0.01, so a small transfer is enough to open a pod and add to it later.

TARGOBANK

What rate does TARGOBANK pay on this savings account?+

The account pays a headline rate of 3.25% that is variable, so the figure can move with the bank's pricing rather than being locked in. The account is easy access, which keeps the money available while it earns. Deposits sit with TARGOBANK AG, which is based in Germany.

Is there a monthly fee or a minimum deposit?+

A monthly fee of €0 applies to the savings account, and the minimum deposit is €0. In practice the account can be opened with a small first transfer and left running without a monthly charge to watch for. The features listed for the account include free atm.

Other options to compare

Current

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TARGOBANK

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