Festgeld

Overview

DenizBank's term deposit is a fixed-term investment with a 12-month term. It targets savers who want to lock in an amount for one year.

Interest rate

For the 12-month term, DenizBank pays 2.70% p.a. According to the available data, this is the only interest tier for this product; the underlying rate data was last updated, according to the internal dataset, on 10 July 2026.

According to the stored product data, interest accrues annually (data field "frequency": "Y"). For the 12-month term reviewed here, this means interest accrues once and is paid out at the end of the term together with the invested capital — assuming the offer still exists in this form, which could not be confirmed given the inactive link.

Conditions

According to the available product data, the minimum investment is just €1, with no practically relevant upper limit recorded in the dataset. This very low minimum of €1 is unusual for a term deposit product and could not be additionally confirmed via the offer page: the offer link stored on BankSorter was no longer active at the time of review ("The link you clicked is outdated and no longer active"). Further detailed conditions, such as a specific maximum investment, whether a reference account is required, or information on deposit protection, could therefore not be verified via the bank's website as part of this review.

How a term deposit generally works

With a classic term deposit, savers transfer an amount to the bank for a predetermined term — 12 months in this case — and receive the deposited amount plus the agreed interest back at the end of the term. A reference account, through which deposits and withdrawals are processed, is typically also required, along with a statutory deposit guarantee of up to €100,000 per customer and bank for credit institutions licensed within the EU. Whether and in what specific form these features also apply to the DenizBank term deposit discussed here could not be confirmed as part of this review.

Who is this term deposit for

Based on the available data, this offer generally suits savers who want to invest an amount for one year at a rate of 2.70% p.a. and do not need a very high minimum investment. Since key detailed conditions and the currency of the offer could no longer be verified via the stored link, interested savers should definitely check directly with DenizBank whether this term deposit is still available in the form described and what the exact current conditions are.

Taxation of interest income

In Germany, interest income from term deposits is generally subject to the flat-rate withholding tax (Abgeltungsteuer) of 25%, plus the solidarity surcharge and, where applicable, church tax. The saver's lump-sum allowance (Sparer-Pauschbetrag) currently stands at €1,000 for individuals and €2,000 for jointly assessed married couples and civil partners — capital income up to this amount remains tax-free per year, provided an exemption order (Freistellungsauftrag) is filed with the bank in good time. Savers who do not file an exemption order initially pay withholding tax on the full interest income and can reclaim any overpaid tax via their income tax return.

Verdict

At 2.70% p.a. for 12 months, DenizBank's advertised rate sits at the lower end of the offers compared here. Since the stored offer link was no longer active at the time of this review and neither the minimum/maximum investment nor further conditions could be independently confirmed, interested savers should verify the currency and exact terms of this offer directly with DenizBank before investing.