Term deposits in Germany

✓ 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

• ✓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

• ✓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

• ✓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

• ✓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

• ✓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

• ✓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

✓ Pros

• ✓Fixed, transparent rate with no fluctuations during the term
• ✓No ceiling on the deposit amount
• ✓Established German branch bank with a wide range of terms

✕ Cons

• ✕Mandatory reference account, extra effort for new customers
• ✕Automatic renewal at maturity can lead to unintended lock-in
• ✕2.50% p.a. is below the best rate in the comparison (2.65% p.a.)

✓ 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

• ✓2.65% p.a. — one of the highest rates in the comparison
• ✓Rate guaranteed for the entire term, no fluctuations
• ✓No account-management fees

✕ Cons

• ✕€5,000 minimum deposit is comparatively high
• ✕No early access to funds during the 12-month term
• ✕Deposit protection runs through the Swedish, not the German, scheme

✓ Pros

• ✓Low entry threshold from a EUR 100 minimum deposit
• ✓2.66% p.a. for 12 months, guaranteed
• ✓Rate applies up to a comparatively high EUR 100,000 deposit amount

✕ Cons

• ✕Little additional product detail available beyond the base data
• ✕wiLLBe is less well known on the German market than established banks
• ✕No information on notice period, fees, or reference account

✓ 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
• ✓No need to open an account at another bank
• ✓Fixed, predictable interest rate with no market risk

✕ Cons

• ✕Existing customers earn only 2.30% p.a. for the same term – 0.40 points less
• ✕Notice period and fees not disclosed on the offer page
• ✕The best rate applies only to new customers / new money

✓ 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

• ✓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

• ✓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

• ✓Interest rate of 2.75% p.a. confirmed both in the product data and on the bank's website
• ✓Wide range of possible investment amounts from €5,000 to €500,000
• ✓12-month term with a clearly defined end date for the investment

✕ Cons

• ✕The offer page provides no detailed conditions beyond the interest rate and term
• ✕Whether the interest rate is guaranteed and fixed or variable was not visible
• ✕Investment amounts above €100,000 are only partially covered by the statutory deposit guarantee