J&T Direktbank review

The monthly fee is €0 and the minimum deposit is €0, so there is no opening balance hurdle. Interest on the balance is credited monthly to the Tagesgeld account rather than withdrawn.

Deposits are covered under EU DGS up to EUR 100,000, the EU deposit guarantee scheme. The account is operated by J&T BANKA, a.s., Zweigniederlassung Deutschland, a Czech banking group, with oversight from the Czech regulator and the German financial supervisor.

The account is described as easy access with daily availability. Money is reachable each working day, which makes it a parking place for reserves. Interest is credited monthly, so savers who want regular income from the balance get it.

The headline rate is 2.25% and the rate type is variable, so the figure can change with policy rates. It is credited monthly into the Tagesgeld account. Savers shopping for a fixed product weigh that against the term listings elsewhere on the site.

The account is provided by J&T BANKA, a.s., Zweigniederlassung Deutschland and lists Czech bank licensing details, with the group headquartered in Czechia. Supervisory responsibility sits with the Czech central bank and the German financial regulator.

It suits euro savers who want daily access and no monthly charge, including anyone starting from a €0 minimum deposit. People chasing a fixed commitment get less from it, since the rate is variable.

The group dates back to 1998, according to its own account of the business. The German-facing branch operates as J&T BANKA, a.s., Zweigniederlassung Deutschland. That length of history is useful context when weighing a rate that sits under the savings median.

Support runs through phone, email and chat, so help is available by phone, email, chat and a help centre. That mix suits readers who would rather sort questions remotely than visit a counter.