Online bank's service quality decreases, prompting consideration of switching to competitors such as ING or N26.
C24 Bank Announces Decreased Interest Rates, Sparking Debate Among Customers
C24 Bank, a popular digital bank known for its low fees, ease of use, and numerous features, has announced a downgrade of its current offering due to falling interest rates in the Eurozone. From November 1st, customers will receive 2.00% interest on their checking account (previously 2.25%), and from December 1st, the interest rate will further decrease to 1.75%.
Despite the decreased interest rates, C24 Bank continues to offer a convenient digital banking experience. The bank's app is well-rated and provides a seamless user experience suited for digital banking users. Features such as attractive interest rates on current accounts, free C24 Mastercard and girocard, subaccounts ("Pockets") with separate IBANs for savings goals, shared accounts with others, and modern expense analysis tools make C24 Bank a competitive choice for many.
However, some customers are questioning whether it is still worth staying with C24 Bank or if they should switch to competitors like ING or N26. These banks are popular for their free bank accounts, good ATM access, and additional benefits such as unlimited free ATM withdrawals (in some cases) and broad card offerings.
If you value a strong digital banking experience with shared accounts and savings subaccounts, C24 remains competitive. However, if you prioritize lower fees for cash withdrawals and deposits, or perhaps broader card options, ING or N26 might be better. If your main concern is the highest interest rates on savings, it's advisable to compare the exact current yields as C24’s rates have decreased, and competitors might offer more attractive rates or promotions.
It is important to review the latest specific fees, interest rates, and features directly from the banks since terms can change frequently in 2025. Switching to ING or N26 can be worthwhile for some features or better rates, but if you benefit from C24’s ease of use, subaccounts, and spending insights, it remains a solid choice.
The commissions from affiliate links have no impact on the content's independence at BÖRSE ONLINE Tagesgeld Comparison, where you can find the latest interest rates for various savings accounts. It's always a good idea to compare different options before making a decision.
- Given the current debate among C24 Bank customers following the announced decrease in interest rates, those prioritizing personal-finance might find it beneficial to explore alternative options with better interest rates, such as ING or N26.
- Despite the reduced interest rates on its checking account, C24 Bank continues to provide competitive features for business and personal-finance management, including shared accounts, subaccounts (Pockets), and modern expense analysis tools, setting it apart as a strong digital banking choice for some.
