The major banks in Germany often advertise their premium checking accounts, which offer numerous benefits such as free credit cards and a higher interest rate on the balance. But are these accounts really worth it and can they even help you save money??
To answer this question, we took a closer look at the offerings of Commerzbank, Postbank, HypoVereinsbank and other leading banks in the premium segment. We not only compared the monthly account management fees and the interest rates, but also the other benefits such as free items for transfers and cash withdrawals.
But even beyond the pure comparison of figures, we asked ourselves whether a premium checking account can really help to save money. We have therefore also looked at additional services such as travel insurance and discounts on certain products and services and investigated whether these actually offer added value.
Read our detailed comparison here and find out whether a premium current account from Commerzbank, Postbank, HypoVereinsbank and Co. is actually a worthwhile investment.
What are premium current accounts and how can you save money with them?
A premium checking account is a special account model offered by various banks. In contrast to a regular checking account, it offers numerous additional services such as a higher interest rate on credit balances or a free credit card. In addition, various fees are often omitted.
Premium accounts are particularly popular with customers who travel frequently. Because they often also offer travel cancellation insurance or international health insurance. But premium accounts can be advantageous not only when traveling.
For example, some banks also offer savings on gas or shopping at certain stores. Some also offer exclusive benefits at concerts, theaters or other events.
So if you place a lot of value on additional services and also use them, you can definitely save money with a premium checking account. However, it is important to check in advance exactly what services are offered and whether they also meet personal needs. Because the monthly fees for a premium account are often higher than for a normal checking account.
What are the advantages of a premium current account?
Commerzbank, Postbank, HypoVereinsbank and Co offer their customers premium checking accounts with certain benefits. In addition to a higher fee-free rate for transactions abroad and personalized local advice, premium customers usually also have access to exclusive products and services.
Another benefit is that premium customers can often take advantage of higher interest rates and premiums. For example, some banks offer interest on credit balances or a free credit card. In addition, Premium customers can benefit from special offers and discounts at partner companies.
But not only the advantages are decisive. It’s worth comparing the various offers to find out which premium checking account best suits your needs. It can be worthwhile to find out exactly about the conditions and limits, bonus programs, insurance and additional services offered by the various providers.
Ultimately, you can actually save money with a premium checking account from Commerzbank, Postbank, HypoVereinsbank and Co, as long as you take advantage of the banks’ terms and offers and keep in mind what benefits you can get in return. It may therefore be worth considering an upgrade to a premium account.
The cost of a premium checking account and how to save money
A premium current account offers many extras and benefits compared to a standard account, but there are also higher costs. Commerzbank, Postbank, HypoVereinsbank and other banks offer different packages that cover different benefits. Costs vary depending on the scope of services.
In addition to the monthly fees, there are often transaction fees, such as high costs for transfers abroad or withdrawing cash from foreign ATMs. These costs can quickly add up and negate the supposed savings potential of a premium account.
However, one can also save money with a premium account if one cleverly uses the available benefits. These include free credit cards, which are often linked to a premium account. Those who travel regularly can save a lot of money on fees for foreign currencies and ATMs.
- Summary:
- The cost of a premium checking account varies depending on the scope of services provided.
- In addition to monthly fees, there are often transaction fees as well.
- With a premium account, however, you can also save money.
- These include free credit cards and other benefits.
How much money you can save with a premium current account?
With a premium checking account from Commerzbank, Postbank, HypoVereinsbank and others, you can not only benefit from numerous extras, but also save money. But how much exactly can you actually save?
This depends entirely on the conditions of the respective current account. A comparison of the offers is therefore worthwhile in any case. With some banks, for example, you can save on fees for cash withdrawals in Germany and abroad, or make payments abroad free of charge. In addition, some banks also offer attractive bonuses for new customers.
Another advantage of premium current accounts are the included insurance services, such as insurance for the bank.B. Travel insurance or cell phone insurance. This can save further costs.
However, one should also keep in mind the annual fee of the account. Often this is higher than normal current accounts. Here it is important to weigh up individually whether the premium account is still worthwhile.
So overall, there are definitely ways to save money with a premium checking account. However, it is always worth comparing the offers and weighing up the costs and benefits on an individual basis.