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How much money do you need to collect 500 euros in interest every month with the call money? And how does the sum change at the various banks such as Postbank, ING or Commerzbank? We’ll show you and tell you a trick.

For many savers and investors it is appealing to have a certain sum transferred to their account every month – without having to do much for it. And what works with dividends can also work with overnight money. We now show how investors regularly get money into their accounts and how much capital is required for this.

6000 euros interest with the call money per year at ING, Postbank and Commerzbank

Most banks pay their interest on the money market account quarterly. Some providers only once a year. Investors do not receive the interest on their account every single month, but you can definitely do it every 3 months. If you divide this sum up, you can easily calculate with an average of 500 euros per month. And this passive income is currently easy to build up – in times when interest rates on overnight money are rising regularly.

In the BÖRSE ONLINE call money comparison, investors currently receive up to 2.5 percent interest over 12 months. With this amount, savers currently need 240,000 euros in the call money account in order to receive 6,000 euros in interest before taxes a year. If you convert this amount to 12 months, it is 500 euros in interest before taxes every month.

Well, it is that ING currently gives you 1.8 percent over 12 months. So you would need 333,333 euros, which is quite a lot. At Commerzbank and Postbank there is currently only 0.4 percent interest for existing customers, so you would need 1.5 million euros to create 500 euros in interest per month with the overnight money. And that’s a bit unrealistic. But we have another tool to help you get significantly more interest:

In this way, savers receive more interest on the call money account

Because currently, the interest rates on the overnight money for new customers and existing customers differ from many providers. While existing customers are usually fobbed off with low interest rates, new customers sometimes receive very lucrative interest rates. Unfortunately, these are often not valid for the entire year, but only for a few months. But if you bring some capital with you, it’s worth switching more often because the interest rates are so lucrative. If you have less capital, the organizational effort is likely to be too high.

But let’s take a look at the ING, like this savers currently receive 3.00 percent interest for 6 months. After that, 0.6 percent interest applies. But for 6 months the offer is definitely worth it. With a capital of 200,000 euros, savers receive 500 euros in interest before taxes every month, with 100,000 euros it is still 250 euros. Not a bad deal. And then you can move on.

In addition, experts are currently assuming that the interest rates on the call money account will continue to rise in the future because the ECB has to raise interest rates further due to high inflation. Perhaps investors will soon receive even higher interest rates on overnight money. Possibly also at ING, Postbank and Commerzbank.

By the way: Also read: Collect 500 euros in dividends every month with ETFs on DAX, MSCI World, S&P 500 and Co.