Term deposits in Germany

✓ Pros

• ✓High possible deposit amount up to €1,000,000
• ✓Rate guaranteed for the entire term
• ✓Free account management

✕ Cons

• ✕€5,000 minimum deposit is comparatively high
• ✕Mandatory settlement account; new customers get an additional instant-access savings account automatically
• ✕Internal data on the 12-month rate was inconsistent versus the current offer

✓ Pros

• ✓Interest rate of up to 3.15% p.a. guaranteed for the full 12-month term
• ✓Low minimum deposit from just €100
• ✓High investment ceiling of up to €500,000
• ✓No account management fees for either the instant-access or fixed-term account
• ✓Statutory deposit protection up to €100,000 per customer

✕ Cons

• ✕A free instant-access account as reference account is mandatory
• ✕Capital locked in for 12 months, with no early withdrawal provided for
• ✕Amounts above €100,000 are only partially covered by deposit protection

✓ Pros

• ✓Interest rate 2.11% p.a. – comparatively high
• ✓Accessible from a €1,000 deposit
• ✓Top rate applies up to a €100,000 deposit

✕ Cons

• ✕No details on cancellation/renewal
• ✕Reference account requirement unconfirmed
• ✕Fixed 12-month term with no flexibility

✓ Pros

• ✓Accessible from a lump-sum investment of just €1,000
• ✓A provision product from an established insurer

✕ Cons

• ✕No base rate (0.00% p.a.) according to our database for the listed variant
• ✕Not a classic bank fixed deposit but an insurance product
• ✕Product name on the offer page differs from the database entry

✓ Pros

• ✓Competitive interest rate of 2.81% p.a. for 12 months
• ✓Moderate minimum investment of €5,000
• ✓Predictable return thanks to a fixed one-year term

✕ Cons

• ✕Details on maximum investment, reference account and deposit protection could not be verified at the time of review
• ✕Whether the interest rate is guaranteed or variable could not be confirmed
• ✕The offer's detail page was inaccessible when checked (access denied)

✓ Pros

• ✓Designed for a three-year investment horizon
• ✓No discernible fixed upper deposit limit

✕ Cons

• ✕Minimum deposit of €5,000 is comparatively high
• ✕Confirmed rate of 1.90% p.a. is on the low side
• ✕Term and conflicting 2.65% figure unverifiable

✓ Pros

• ✓Designed for a five-year investment horizon
• ✓No discernible fixed upper deposit limit

✕ Cons

• ✕Minimum deposit of €5,000 is comparatively high
• ✕No discernible rate premium over the 3-year variant
• ✕Term and conflicting 2.65% figure unverifiable

✓ Pros

• ✓Guaranteed fixed rate of 2.76% p.a. that does not change during the term
• ✓No account maintenance fees
• ✓High maximum investment of up to €1,000,000 per account (up to €2,500,000 across multiple accounts)

✕ Cons

• ✕Minimum investment of €5,000 excludes small savers
• ✕Only the first €100,000 per customer is covered by the statutory deposit guarantee
• ✕A reference account is mandatory

✓ Pros

• ✓Interest rate of 2.70% p.a. for 12 months
• ✓Very low minimum investment according to the dataset
• ✓Clearly defined, manageable 12-month term

✕ Cons

• ✕The stored offer link was no longer active at the time of review
• ✕Maximum investment, rate guarantee, reference account and deposit protection could not be independently confirmed
• ✕The currency of the offer should be verified directly with the bank before investing

✓ Pros

• ✓2.70% p.a. for 12 months on new deposits, guaranteed for the term
• ✓Free of charge, no separate reference account needed
• ✓Notice period and reinvestment rules clearly communicated

✕ Cons

• ✕Existing balances earn a noticeably lower 2.30–2.40% p.a.
• ✕Automatic reinvestment at a non-guaranteed rate if notice is missed
• ✕Maximum deposit capped at EUR 250,000

✓ Pros

• ✓Quarterly interest crediting with a slight compounding effect
• ✓Additional protection via a deposit-protection fund beyond the statutory scheme
• ✓Free account management

✕ Cons

• ✕DKB current account mandatory as the reference account
• ✕€2,500 minimum deposit
• ✕Internal data on the rate was inconsistent versus the current offer

✓ Pros

• ✓Guaranteed 3-year interest ladder: 2.70% / 2.80% / 2.90% p.a.
• ✓Fixed, pre-announced rates for each of the three years
• ✓Roughly 2.80% p.a. average return across the full term

✕ Cons

• ✕Capital tied up for the entire 3-year term
• ✕Relatively high minimum deposit of EUR 10,000
• ✕No clear information on maximum deposit or early withdrawal

✓ Pros

• ✓Wide choice of terms from 6 months to 10 years
• ✓2.70% p.a. for 12 months, fixed and guaranteed
• ✓Up to 3.30% p.a. for longer terms (e.g. 60 months)

✕ Cons

• ✕Relatively high minimum deposit of EUR 10,000
• ✕Shortest term (6 months) earns only 2.60% p.a.
• ✕No confirmed information on early withdrawal options

✓ Pros

• ✓Fixed, guaranteed interest rate for the entire term
• ✓Product name "ZinsWachstum" points to a rate rising over time
• ✓German deposit guarantee scheme, as GEFA Bank is a German bank

✕ Cons

• ✕Minimum deposit of €10,000 is comparatively high
• ✕Capital locked up for several years
• ✕Confirmed rate for the 6-year variant not clearly found online
• ✕Activation code sent by post delays full account use

✓ Pros

• ✓Guaranteed fixed rate of 3.00% p.a. for 12 months
• ✓Low minimum deposit from €1,000
• ✓Double protection: statutory deposit guarantee plus the Association of German Banks' deposit protection fund
• ✓No account management fees or hidden costs

✕ Cons

• ✕No early termination possible during the term
• ✕Rate remains market-dependent and is only finally fixed at contract conclusion
• ✕Capital is locked in for the full term, no flexibility for short-term liquidity needs

✓ Pros

• ✓Fixed interest rate of 2.96% p.a., guaranteed for the entire term
• ✓Free account opening, maintenance, and closing
• ✓Choice of annual interest payout or lump-sum payout at maturity
• ✓Additional protection via the deposit protection fund of the Association of German Banks
• ✓Preferential rate available from a deposit of just 2,500 euros

✕ Cons

• ✕No early termination possible – capital is locked in for twelve months
• ✕Reference account required for payout at maturity
• ✕Not suitable as an emergency reserve due to lack of flexibility

✓ Pros

• ✓Fixed interest rate of 3.05% p.a. guaranteed for the entire 12-month term
• ✓Free account management, no separate checking account needed at J&T
• ✓Accessible from a minimum deposit of just €1,000
• ✓Automatic renewal option available up to 35 days before maturity

✕ Cons

• ✕A German reference account at another bank is mandatory
• ✕Capital is tied up for the full term, with no details on early withdrawal
• ✕Maximum deposit capped at €250,000 per contract
• ✕Deposit protection only covers up to €100,000 — amounts above that are uninsured

✓ Pros

• ✓Competitive interest rate of up to 3.00% p.a. for a 12-month term
• ✓Very low minimum deposit from 1 euro
• ✓No account management fees
• ✓Flexible terms from 3 to 48 months
• ✓Account opening entirely digital via the Klarna app

✕ Cons

• ✕Interest rate is variable – subject to change, no rate fixed for the entire term
• ✕Deposit protection is provided under the Swedish scheme, not German deposit insurance
• ✕No information on notice period or early access to the funds
• ✕No information on identity verification, minimum age, or residency requirements

✓ Pros

• ✓3.10% p.a. interest rate, usable for investment amounts up to €100,000
• ✓Clearly defined 12-month term
• ✓Attractive rate compared with many traditional offers

✕ Cons

• ✕Relatively high minimum deposit of €5,000
• ✕Only a single interest tier, no flexibility for other terms
• ✕No publicly available information on fees or interest crediting

✓ Pros

• ✓Very low minimum deposit of just €500
• ✓High €250,000 ceiling, also suitable for larger deposits
• ✓Fixed rate for the entire 12-month term

✕ Cons

• ✕2.50% p.a. is below the best rate in the comparison (2.65% p.a.)
• ✕Little publicly available information on fees and a reference account
• ✕Termination and payout conditions aren't transparent before signing up