Fixed Deposit
Comparison
Best Fixed Deposit Rates in Germany • Up to 3.1% Annual Interest •
Secure Savings • English Support • Deposit Protected
100+ German banks compared • Up to 3.1% interest rates • €100K deposit protection • English support for expats
Max interest rate
German banks
Protected per bank
Satisfied savers
Key Takeaways
- •Best 1-Year Rate: 3.0% p.a. (Volkswagen Bank)
- •Best 2-Year Rate: 3.1% p.a. (Volkswagen Bank)
- •Best 3-Year Rate: 3.1% p.a. (Volkswagen Bank)
- •Minimum Deposit: Typically €500-€10,000
- •Deposit Protection: Up to €100,000 per bank via Entschädigungseinrichtung
Fixed Deposit Comparison
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Fixed Deposits in Germany
Why Choose Fixed Deposits?
- ✓ Guaranteed interest rates
- ✓ No market risk - capital protected
- ✓ Up to €100,000 protected per bank
- ✓ Better rates than savings accounts
- ✓ Available for German residents
Current Best Rates (June 2026)
- 1 Year: Up to 3.0% APY
- 2 Years: Up to 3.1% APY
- 3 Years: Up to 3.1% APY
Deposit Protection:
Your fixed deposits are protected by German deposit guarantee schemes up to €100,000 per bank (Entschädigungseinrichtung). This means your savings are secure even if the bank faces financial difficulties.
Fixed Deposit Examples
€10,000 for 1 Year
3.0% annual interest
€300
interest earned
€25,000 for 2 Years
3.1% annual interest
€1,575
total interest
€50,000 for 3 Years
3.1% annual interest
€4,801
total interest
Fixed Deposit FAQ
What is the minimum deposit amount?
Most German banks require a minimum deposit of €500-€1,000 for fixed deposits. Some premium banks may require higher minimums like €5,000 or €10,000.
Can I withdraw my money early?
Fixed deposits have a locked-in period. Early withdrawal is usually possible but may result in interest penalties or loss of accrued interest. Typically 25-50% of earned interest is deducted.
Are fixed deposits suitable for expats?
Yes! Fixed deposits are perfect for expats who want secure, guaranteed returns. You need a German bank account and tax registration, which we can help you navigate.
Is my money protected if the bank goes bankrupt?
Yes, the German deposit protection scheme (Entschädigungseinrichtung) protects up to €100,000 per depositor per bank. This applies to all eligible deposits including fixed deposits.
Should I choose a shorter or longer term?
Short terms (12 months) give flexibility to switch if rates rise. Medium terms (24-36 months) lock in competitive rates without excessive commitment. Currently, shorter terms generally make more sense as longer terms rarely offer better rates.
Last updated: June 2026