Commerzbank and Chase increase savings interest rates in Germany

Several banks operating in Germany are adjusting their interest rates for savings accounts. Commerzbank has increased its variable interest rate for 'Tagesgeld' (instant access savings) from 2.25 percent to 3.0 percent per annum. This new rate is applicable for up to six months and is available to existing customers.

Similarly, the digital bank Chase, owned by J.P. Morgan SE, has raised its base interest rate for existing customers. The rate increases from 2 percent to 2.25 percent per annum. Chase continues to offer monthly interest payouts.