Volkswagen Financial Services (Photo: freepik)
The Volkswagen Bank daily money account will continue to impress in December 2024 with solid conditions that are particularly attractive for new customers.
With an interest rate of 3.10% paguaranteed for six months, the offer is aimed at investors who want to benefit from secure interest rates in the short term.
The monthly interest credit and the complete freedom of charge also make this offer a flexible and uncomplicated investment option.
VW-Bank daily money: Current interest rates at a glance
The VW Bank daily money account offers attractive conditions for savers who value flexibility and security. New customers currently benefit from one Interest rate of 3.10% pa for the first six months from opening the account.
This interest rate applies without any amount limit, so you can benefit from the advantages from the first euro. The interest will be monthly credited, whereby you from Compound interest effect benefit. In addition, your credit remains available at all times, so you can access your savings flexibly.
After the six-month special interest rate for new customers has expired, the regular interest rates for existing customers apply. These vary depending on the account management:
- Online account management: 1.30% pa
- Classic account management: 0.45% pa
Account management is free of charge and takes place within Volkswagen Bank’s online banking. In addition, your money is protected by statutory deposit protection up to €100,000 per customer.
VW Bank daily money: current interest rates
| Interest rate pa | validity | Deposit height | Interest credit | Availability | Account management | |
|---|---|---|---|---|---|---|
| New customers | 3.10% | 6 months from opening | Unlimited | Monthly | Available daily | For free |
| Existing customers | 1.30% (online) | Permanent | Unlimited | Monthly | Available daily | For free |
| 0.45% (classic) | Permanent | Unlimited | Monthly | Available daily | For free |
Volkswagen Bank daily money: Maximum security for your savings
With the Volkswagen Bank daily money account Invest your money not only flexibly, but also absolutely securely.
Your money is through the statutory deposit insurance up to €100,000 per customer fully secured. This means that even in extremely unlikely circumstances such as bank insolvency, your money remains protected.
In addition, Volkswagen Bank is part of the Volkswagen Financial Services AGone of the largest and most financially strong financial service providers in Europe. This strong parent company offers you additional stability and security. Customers value the trust and reliability that such an established brand brings.
Also at Online banking Volkswagen Bank relies on the highest security standards. With modern encryption methods and the Two-factor authentication (e.g. via the TAN procedure) your account is protected as best as possible against unauthorized access. You can conveniently manage your current account from anywhere and be sure that your data is optimally protected.
| Statutory deposit protection | Up to €100,000 per customer |
| parent company | Part of the Volkswagen Financial Services AGone of the largest financial companies in Europe |
| Digital security | Two-factor authentication, encrypted data transmission |
| flexibility | Available at any time and managed securely via online banking |
VW-Bank daily money experiences: This is what other customers say
The VW Bank daily money account is used by many customers for its attractive new customer conditions praised. Especially the interest rate of 3.10% pa for the first 6 months is very well received. Customers appreciate the ease of opening an account and the monthly interest creditwhich enables additional returns through the compound interest effect.
A frequently mentioned advantage is that flexibility: The money remains available at all times, and the online management via the Volkswagen Bank banking portal is described as clear and user-friendly. Safety is also repeatedly emphasized. Thanks to the Statutory deposit protection up to €100,000 customers feel well protected. The belonging to Volkswagen Financial Services AG also ensures trust.
However, there is also criticism. Some existing customers complain that the interest rate increases after the new customer phase 1.30% pa (for online account management) or 0.45% pa (with Classic account management) decreases. These interest rates are comparatively low for long-term savings goals, leading some customers to look for alternatives.
VW-Bank daily money: Overview of experiences
| New customer interest rate | Very positive – 3.10% pa is one of the best offers on the market. |
| Interest credit | Monthly – is perceived as beneficial for the compound interest effect. |
| Account opening | Simple and quick, well explained. |
| flexibility | Available at any time, high level of satisfaction with handling. |
| Security | High level of satisfaction thanks to deposit protection and connection to Volkswagen Financial Services. |
| Long term use | Criticism of low interest rates for existing customers (1.30%/0.45% pa). |
| Online banking | Intuitive and user-friendly. |
Customers praise the attractive conditions for new customers, the security and the easy account management of the VW Bank daily money account. However, the falling interest rates could be a disadvantage for long-term investors or existing customers.
Login: This is how you manage your daily money at VW Bank
The login at VW Bank daily money account is simple and safe.
You can easily use the Online banking platform Log in to Volkswagen Bank to manage your account.
- Go to the website: Visit the official Volkswagen Bank website and click on “Login” in the top right corner.
- Enter user data: Enter yours User ID and you password a. You received this when you opened your account.
- Two-factor authentication: To ensure your security, an additional security code is usually required. This will be sent to you via SMS or via the bank’s SecureGo app.
- Access to account: After registering, you can check your account balance, view interest rates or initiate transfers to your reference account.
Online banking is available around the clock, so you have access to your daily money account at any time. If you have forgotten your login details, the website offers a function to reset them.
Tip: Install the SecureGo appto make the login process even faster and more secure.
Who is the Volkswagen Bank current account suitable for?
The Volkswagen Bank daily money account is ideal for anyone who wants to invest their money safely and flexibly. It is particularly suitable for New customerswhich from the 3.10% pa interest in the first 6 months want to benefit. Whether you want to save small amounts or park larger sums – the account offers a suitable solution for both cases.
Thanks to the daily availability The account is perfect if you want to remain flexible. You can access your money at any time without being tied to fixed terms. This is practical if, for example, you want to build up reserves for unexpected expenses or only want to invest your money for the short term.
Also for Savers who value securitythe current account is an excellent choice. Through the Statutory deposit protection up to €100,000 and belonging to Volkswagen Financial Services AG your money is optimally protected.
For Existing customers However, the account offers lower interest rates (up to 1.30% pa with online account management), so it may be less attractive in the long term. In this case, a comparison with other current account accounts could make sense.
The Volkswagen Bank current account is a suitable choice for:
- New customerswhich from the 6-month interest rate guarantee and would like to benefit from an attractive 3.10% pa.
- Investors with large depositsas there is no upper limit on the investment amount.
- saverwho want to access their money at any time without having to rely on fixed terms.
Conclusion: Is the Volkswagen Bank current account worth it?
The Volkswagen Bank daily money account is an excellent choice for New customerswho want to invest their money safely and quickly. The attractive interest rate of 3.10% pa for the first 6 months is one of the best offers on the market. This is particularly positive monthly interest creditwhich makes optimal use of the compound interest effect. In addition, your money stays with you at all times available dailywhich offers maximum flexibility.
A big advantage is that free account managementcombined with the high Security through statutory deposit protection up to €100,000. The belonging to Volkswagen Financial Services AGone of the largest financial service providers in Europe, also ensures trust and stability.
After the new customer phase ends, the interest rate is 1.30% pa (for online account management) is still solid, but less attractive compared to other providers. For long-term investors or existing customers, alternatives with more stable or higher interest rates could make more sense.
In summary: The Volkswagen Bank daily money account is ideal for short-term savings goals and new customers who would like to benefit from a high starting interest rate. It offers security, flexibility and easy handling. In the long term, however, savers should also consider other offers to find the best conditions.