quirion review

No. The account runs on a no monthly fee model and the monthly fee is €0. The minimum deposit is also €0, and the access terms set no minimum holding period, so nothing is charged for opening, keeping or closing the balance.

Balances are covered by EU DGS up to EUR 100,000. The account is run by quirion AG, a provider based in Germany and supervised there by the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) and the Deutsche Bundesbank. That figure is the ceiling the scheme applies, not a promise about any particular balance.

The account is easy access and the access terms allow daily availability, so money is not locked for a term. There is no minimum holding period, which means a balance can move without a notice period. Interest is credited at the end of each quarter, pro rata for mid quarter starts.

The rate is variable, sitting at 1% as listed. A variable rate moves with the provider, so the figure on offer is not locked for a term. On the comparison data that rate places quirion at 375 of 473.

It is an easy access savings account: the balance stays available rather than being tied to a fixed period, and the minimum deposit is €0. With no minimum holding period in the access terms, it works for a small buffer as well as a larger pot.

Support runs on phone, chat and email, so a call, the live chat, email or the help centre are all open routes rather than a single inbox. On the comparison data, phone is the most common support route among the savings accounts listed, with a help centre close behind.

The provider is quirion AG, founded in 2013 and based in Germany. It is supervised by the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) and the Deutsche Bundesbank in that country. The savings account itself is the easy access kind, aimed at everyday balances rather than term deposits.