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

• ✓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

• ✓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

• ✓Guaranteed rate for the full term
• ✓No upper limit on the deposit amount
• ✓Multiple terms from 6 months to 8 years

✕ Cons

• ✕Minimum deposit of €2,500 required
• ✕Requires own Santander reference account
• ✕Best rate only from a 4-year term

✓ 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

• ✓Rate ladder up to 3.00% p.a. at a 10-year term
• ✓Reference account allowed at any German bank
• ✓Fixed rate, no fees, deposit protection up to €100,000

✕ Cons

• ✕12-month rate of 1.75% p.a. is fairly moderate
• ✕Minimum deposit of €2,500 required
• ✕No early access to invested capital

✓ Pros

• ✓Solid rate of 1.50% p.a. for a 12-month term
• ✓Free account opening
• ✓Terms from 12 months up to 10 years available
• ✓USD fixed deposits also available with unlimited investment amount

✕ Cons

• ✕Exact rate per term not transparent on the offer page
• ✕No details on minimum/maximum deposit outside the 12-month tier
• ✕Capital is locked for the entire term

✓ 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

• ✓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