Consorsbank Logo (Photo: Freepik)
If you are looking for the right checking account, you will quickly end up with two of the most popular direct banks in Germany: Consorsbank and Comdirect.
Both offer modern online accounts with attractive conditions-but which bank has the better offer?
While the Comdirect scores with its close connection to Commerzbank and stable basic functions, the Consorsbank convinces with more attractive interest rates, better new customer bonuses and more flexible conditions. In this comparison, we take a close look at both checking accounts and show which account is really worth it for whom is really worthwhile
Consorsbank vs. Comdirect: Both current accounts in direct comparison
If you are looking for a cheap checking account with solid equipment, you will quickly come across the Consorsbank and the Comdirect.
Both banks offer modern online accounts with free account management under certain conditions. But which account is more worth it?
A clear advantage of the Consorsbank: The account is free of charge from € 700 per month – for Comdirect it is at least € 700 or alternatively three mobile payments with Apple Pay or Google Pay. So if you don’t use a smartphone to pay or do not trade regularly, you will quickly pay € 4.90 a month with Comdirect.
In the overnight account, both banks are very similar for new customers with 2.50 %. But after the special interest rate has expired, the Consorsbank has 1.00 % PA, while the Comdirect only offers 0.75 %. If you want to park money in the long term, you drive better with the Consorsbank.
The Consorsbank also scores for the premiums: € 200 bonus for new customers if at least € 1,500 per month for 12 months – a real rarity. The Comdirect, on the other hand, only attracts € 50 for five payments over € 25, which is significantly less attractive.
Comdirect has a small advantage for frequent flyers and international users, because here the foreign currency fee is 1.75 %, while the Consorsbank demands 2.10 %. If you pay a lot outside the euro zone, you could save in the long term.
Comparison: Consorsbank vs. Comdirect (checking account)
| Consorsbank checking account essential | Comdirect current account active | |
|---|---|---|
| Account management | 0 € from € 700 money or <28 years, otherwise 4 €/month | 0 € from € 700 money or 3x Apple Pay/Google Pay or 1 Trade/Savings Plan per month, otherwise € 4.90/month |
| Cards | Visa debit card free, Girocard optional for 1 €/month | Visa debit card free, Girocard optional for € 1.90/month |
| Cash withdrawals (Germany) | Free with Girocard in supermarkets (REWE, Edeka) | 3x free of charge per month with visas, then € 4.90/withdrawal |
| Cash withdrawals (abroad) | Free in the EEA with visas from € 50, otherwise 2.10 % foreign currency fee | 3x free of charge worldwide with visas, then € 4.90/withdrawal, 1.75 % foreign currency fee |
| Overdraft rate | 10.40 % PA | 10.25 % PA |
| Conditional interest rate (new customers) | 2.50 % PA for 3 months | 2.50 % PA for 3 months |
| Conditional interest rate (existing customers) | 1.00 % PA | 0.75 % PA |
| New customer bonus | € 200 (with 12 months of money ≥1,500 €) | 50 € (after 5 transactions à ≥25 €) |
| Deposit protection | € 100,000 (French deposit security fund) | € 100,000 (German deposit security fund) |
| Special features | Spaces sub-accounts with individual iban | Cash number service (deposits/withdrawals in 12,000 retail branches) |
Daily and fixed deposit offer at Consorsbank and InG in direct comparison
When it comes to overnight money and time deposits, both are both Consorsbank as well as the comdirect interesting options.
While the Comdirect scores with more flexible conditions and a German deposit insurance, the Consorsbank offers the highest interest rates and attractive bonuses for new customers.
The biggest advantage of Consorsbank is in the call money interest of 3.15 % PA for three months while the Comdirect with a maximum of 2.50 % PA (only in combination with a checking account) is less attractive. The Consorsbank also offers better conditions in the fixed deposit area with up to 2.00 % PA, whereas the Comdirect comes to a maximum of 1.70 % PA.
The biggest disadvantage of the Consorsbank is the necessary deposit management for the overnight account. If you don’t want this, you drive with the Comdirect more flexible, but have to accept lower interest rates.
Consorsbank vs. Comdirect: Coat money in direct comparison
| Consorsbank overnight money | Comdirect call money | |
|---|---|---|
| Action interest (new customers) | 3.15 % PA for 3 months | 2.25 % PA (2.50 % with a checking account) for 3 months |
| Connection interest (existing customers) | 1.00 % PA | 0.75 % PA |
| Max. Investment sum (action interest) | 1,000,000 € | 1,000,000 € |
| Interest | Quarterly | Quarterly |
| Bonus campaign | € 40 with deposit ≥25,000 € | 50 € with five transactions à ≥25 € |
| Deposit protection | € 100,000 (France) + BDB funds | € 100,000 (Germany) + BDB Fund |
| Depot of deposit? | Yes | No |
Consorsbank vs. Comdirect: Fixed deposits in direct comparison
| Consorsbank fixed deposit | Comdirect fixed money | |
|---|---|---|
| Best interest (12 months) | 2.00 % PA | 1.50 % PA |
| Best interest (60 months) | 2.00 % PA | 1.70 % PA |
| Minimum | € 2,500 | 500 € |
| Maximum system | 1,000,000 € | 100,000 € |
| Interest | At the end of the term | Annually or at the end of the term |
| Early termination? | Not possible | Not possible |
| Depot of deposit? | Yes | No |
Condition: The Consorsbank clearly wins with 3.15 % PA for new customersbut only with depot binding. If you want to remain flexible, you can use 2.50 % PA (including checking account) at the Comdirect Secure an alternative.
Fixed deposit: The Consorsbank dominates with up to 2.00 % PA over 12–60 monthswhile the Comdirect offers a maximum of 1.70 % PA for longer terms.
Comdirect remains the more reliable choice for security -conscious investors thanks to German deposit protection. However, if you want maximum returns and do not shy away from a depot, you drive much better with the Consorsbank.
Investment: How do the Consorsbank and ING depots do?
When it comes to investing, not only the return counts, but also that Conditions of the depot. The Consorsbank and the Comdirect offer both attractive solutions, but with very different focus:
- The Consorsbank scores with a huge selection of securities, direct access to international stock exchanges (e.g. NYSE, NASDAQ) and strong new customers.
- Comdirect relies on simple savings plans, low entry hurdles and the safety of German deposit protection.
In short: if you actively trade or look for a wide selection of stocks and ETFs, you drive better with the Consorsbank. If you prefer to save in the long term and conveniently with small amounts, you get a solid overall package with the Comdirect.
Comparison: Consorsbank vs. Comdirect – Depot conditions & savings plans
| criterion | Consorsbank Depot | Comdirect Depot |
|---|---|---|
| Depot management costs | For free | € 1.95/month from year 4 (with inactivity) |
| New customer conditions | € 0.95 per order for 12 months | € 3.90 per order in the first year |
| Individual order fees (standard) | 4.95 € + 0.25 % (min. € 9.95, max. € 69) | 4.90 € + 0.25 % (min. € 9.90, max. € 59.90) |
| Trade places | Over 30 (including Nyse, Nasdaq) | 29 (Xetra, Tradegate, Stuttgart) |
| ETF savings plans | 1,950 ETFs (560 free) | 1,623 ETFs (500 free) |
| Stock savings plans | 5,200 shares | 1,248 shares |
| Minimum saving rate | 10 € | 1 € |
| Conditional Action Center | 3.15 % PA (3 months) | 3.00 % PA (3 months with a checking account) |
| New customer bonus | € 200 at € 10,000 | 50 € after 5 transactions |
| Security | French deposit protection | German deposit insurance |
| Special features | US stock exchange access, dynamic savings plans, spaces sub-accounts | Portfolioplaner, cash figure service, low savings rates |
Consorsbank vs. Comdirect: This account makes the race in comparison
When it comes to the better checking account, it does Consorsbank the race – and for good reasons.
While the Comdirect scores with solid basic conditions and simple handling, The Consorsbank simply offers more: Higher interest rates on the overnight money, an attractive new customer bonus of up to € 200 and more flexibility when withdrawing cash.
Especially for those who Use your account actively, deposit money regularly and at the same time want to secure attractive interest rates for your savingsis the Consorsbank the better choice.
Why does the Consorsbank win?
- Better new customer bonus: Up to 200 € bonus for active account use (Comdirect: only € 50).
- Higher overnight interest rates: 3.15 % PA for 3 monthsthen still 1 % (Comdirect: only 2.25 % for 3 months, then 0.75 %).
- Flexible account management: Free of charge at Only € 700 money per month (Comdirect requires € 700 + three mobile payment transactions or a trade/savings plan).
- Better cash supply: Free withdrawals in the euro zonein Germany also at supermarket coffers like Rewe or Edeka.
- Cheaper foreign fees: 2.10 % foreign currency fee (Comdirect: 1.75 %, but less withdrawals free of charge).