DISTINGO Bank review

The monthly fee is €0 and the model is no monthly fee, with a minimum deposit of €10 to open. What you earn is the variable rate, currently 1.95% to 3.3%. Interest is calculated daily and credited monthly, so costs sit almost entirely on the interest side.

Deposits sit under EU DGS up to EUR 100,000. The account is run by CREDIPAR S.A., based in France and supervised there by ACPR, and the group also holds a German banking licence under 10161879. That licence number is what to quote when checking the firm with BaFin.

This is an easy access account, and the access terms allow SEPA transfers in each direction. That makes it a parking spot for cash rather than a place to run everyday bills. Withdrawals are also capped within a set period, so a large sum takes planning.

The rate type is variable and the headline rate is 1.95% to 3.3%, so the return moves with the market rather than being fixed for a term. Accrual runs daily and the money lands monthly. Anyone wanting a set rate for a known period would be looking at a fixed account instead.

The minimum deposit is €10, which is a low bar, and it places DISTINGO Bank at 256 on entry amount among the 370 brands compared here. The account is easy access, so money stays reachable by SEPA transfer.

Support runs on email, phone and help centre, so there is a phone line and a help centre alongside email. That matters for an account that moves money only by SEPA transfer, since a transfer question is often the reason to call. Queries are handled from the bank's home market, FR.

The legal entity is CREDIPAR S.A., based in France, and the group dates back to 2013. German supervision shows up as a banking licence under 10161879, alongside French oversight by ACPR. Both point to a regulated firm rather than an informal savings platform.

Not at the top. The headline rate of 1.95% to 3.3% sits under the 4.5% reached by the strongest savings accounts in the ranking, though a €0 monthly charge and a €10 entry point keep the cost of holding low.