Comparing instant access accounts: finding the best one

Comparing instant access accounts helps you find the best one

A comparison is advisable before opening an account

The instant access savings account, as a way of investing capital flexibly, safely and profitably, is very popular. You can get at your money at any time and without restriction. Many banks also offer considerable interest on instant access savings.

That interest is often far higher than on other flexible types of account. For example, you earn considerably more interest than on a current account that pays interest on your balance. Since the choice of instant access accounts is wide, it is worth reviewing the options by comparing them. Comparison sites on the internet offer the chance to compare instant access accounts. You get an overview quickly and easily. You can see how much interest banks pay and find out more about additional services, fees and conditions. Carrying out such a comparison can mean real money, because banks' terms differ considerably in places. A comparison lets you weigh up the offers of different banks. It also helps you compare the terms of your instant access savings account with other investments, such as passbook accounts, fixed-term accounts or current accounts.

Comparing gives you certainty

The level of interest is not the only thing that matters in an investment. Other factors should be included in the comparison too. The level of fees, for example. Ideally, running the account involves no additional costs. Security is also a decisive factor that should be taken into account. That concerns, on the one hand, the security of the capital paid in. On the other, the bank's payment system must be classed as secure. Certification seals from independent bodies such as TÜV define an institution's security standards. So if you look at criteria such as the level of interest, fees, services and security when comparing, the comparison will certainly help you decide. It can sometimes mean a clear gain for your finances. You should also look at the small print on every offer. If, for example, the rate applies only for a certain period or a minimum deposit is required, the rate usually drops sharply if you do not meet one of the conditions. At DKB there are neither fixed terms nor minimum deposits - you earn the attractive interest with no time limit, from the first euro to the last.

Opening an account very easily after comparing

DKB's website also offers its own interest calculator for comparison purposes, so that the offer can be examined closely. After that, opening an account is only a few clicks away. The application to open an account is made online - and the saver can be verified using the secure PostIdent procedure. First transactions can usually be carried out after just a few days. For security, payments out go via a current account nominated as the reference account. No transactions to third-party accounts are possible from the instant access savings account itself. Direct banks such as DKB often do particularly well in a comparison of instant access accounts. Because of their central organisation without a branch network, they can offer extremely attractive terms.