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Tagesgeld

overnight money

noun TAH-ges-gelt Rare

Also means

call money account

Usage Note

Tagesgeld is money deposited in a flexible savings account (Tagesgeldkonto) that earns daily interest and can be withdrawn any day without notice. Rates fluctuate with the ECB key interest rate.

Examples

"Ihr Tagesgeld bringt derzeit zwei Prozent Zinsen pro Jahr."

Natural Translation

Her call money account currently earns two percent interest per year.

Literal Translation

Her call-money brings currently two percent interest per year.

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