Festgeld

Introduction

The fixed-term deposit ("Festgeld") from bunq is a classic term deposit: you invest a sum for a fixed period and receive a predetermined interest rate in return. Fixed-term deposits suit savers who do not need access to the invested capital during the agreed period and who, in exchange, expect a predictable rate that is typically higher than on a standard flexible savings account. Because the rate is locked in for the full term, it always pays to check the exact deposit limits and term length before signing up, since both determine whether the advertised rate actually applies to your own savings goal.

Interest Rate

bunq advertises an interest rate of 2.11% p.a. for this product. According to the stored product data, this rate applies to a deposit amount between €1,000 and €100,000 for a term of 12 months. bunq itself markets the offer with the line "interest rate of up to 2.11% p.a." and explicitly notes that this top rate applies up to a deposit of €100,000. No separate figure is given for amounts above this threshold, so it cannot be ruled out that a larger deposit would not be fully remunerated at the advertised rate.

Terms and Open Questions

On several details — automatic renewal at the end of the term, the conditions for early withdrawal, or whether a reference account is required — the available product data and the checked landing page do not provide a reliable answer. The offer's landing page did not return any usable content at the time of review, so these points could not be independently confirmed. Prospective savers should clarify these questions directly with bunq before signing, in particular whether the deposit is automatically rolled over if it is not withdrawn after the 12-month term ends.

How It Compares

Unlike a flexible savings account, where the bank can adjust the rate at any time, the rate on a fixed-term deposit stays unchanged for the entire agreed term. That gives planning certainty, but it also means savers keep benefiting from a once-agreed higher rate if market rates fall during the lock-in period, while they cannot switch to a better rate elsewhere if market rates rise in the meantime. For anyone who can comfortably do without an amount between €1,000 and €100,000 for a year, 2.11% p.a. at bunq is an above-average rate compared with the other offers reviewed here.

Pros and Cons

• At 2.11% p.a., one of the higher rates among the fixed-term deposits reviewed here
• Accessible from a comparatively low deposit amount of €1,000
• The top rate applies up to a high deposit ceiling of €100,000

• No information available on cancellation or renewal terms
• No information available on a possibly required reference account
• The 12-month term is fixed, offering no flexibility if funds are needed earlier

Verdict

At 2.11% p.a., bunq's fixed-term deposit ranks among the more attractive offers in this comparison, provided the deposit amount falls between €1,000 and €100,000 and the 12-month term fits your savings goal. Since important details on cancellation, renewal, and reference accounts remain unconfirmed based on the available sources, savers should clarify these points directly with bunq before committing.