List of German Savings Accounts

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Savings accounts pay interest on your money. There are two types:

  • money market account (German: Tagesgeld) and
  • fixed-term deposit account (German: Festgeld).

Frequently Asked Questions (FAQ)

Which type of saving account is right for me?

  • Money market deposit accounts (German: Tagesgeld) are accounts where you add an withdraw money all the time.
    • But: their interest rate keeps changing all the time, too.
  • Fixed-term or fixed deposits (German: Festgeld) have a fixed interest rate – but you cannot get your money for the period that you did set it up for.
    • Benefit: The interest rates are usually higher than on a Tagesgeld.

List of Money Market Accounts (Tagesgeld)

List of Fixed Deposit Accounts (Festgeld)

Notes

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