Editing Germany/Banking/Savings

{{DISPLAYTITLE:List of German Savings Accounts}}
__TOC__
== 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 (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'') ==
{{German_Money_Market_Accounts}}
== List of Fixed Deposit Accounts (''Festgeld'') ==
{{German_Fixed_Deposit_Accounts}}

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+{{DISPLAYTITLE:List of German Savings Accounts}}
-{{Head
+__TOC__
-|Savings Accounts in Germany
+== Which type of Saving account is right for me? ==
-|with calculator
-|'''Savings accounts''' pay interest on your money. There are two types:
-* money market account (German: ''Tagesgeld'') and
+* Money market deposit accounts (German: Tagesgeld) are accounts where you add an withdraw money all the time.
-* fixed-term deposit account (German: ''Festgeld'').
+** But: their interest rate keeps changing all the time, too.
-}}
+* Fixed-term or fixed deposits (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''.
-{{FAQ|
+== List of Money Market Accounts (''Tagesgeld'') ==
-{{FAQ/Item|q= Which type of saving account is right for me? |a=
+{{German_Money_Market_Accounts}}
+== List of Fixed Deposit Accounts (''Festgeld'') ==
+{{German_Fixed_Deposit_Accounts}}
-It depends on how accessible your money shall be:
+{{Affiliate}}
-* Money market (''Tagesgeld'') deposit accounts let you add and '''withdraw money all the time'''.
-* Fixed-term or fixed deposits (''Festgeld'') let you access your money '''only after the term ends'''.
-However, fixed deposits usually offer a higher interest rate.
-}}{{FAQ/Item|q= How is my money protected? |a=
-Cash deposits of individual customers in the EU are insured under a  deposit guarantee scheme of the country where the bank is registered in.<ref>{{Cite|date=2022-07-27|url=https://en.wikipedia.org/wiki/Deposit_insurance#European_Union|quote=requires all member states to have a deposit guarantee scheme}}</ref> The insurance sum is currently in every country €100,000 (or equivalent).
-So even if a bank goes bankrupt, '''your money up to €100,000 will be safe''', guaranteed by the government of the bank's country.
-This of course only helps if the country itself does not go bankrupt. For that reason, some people '''also pay attention to which country''' the bank is registered in.
-}}{{FAQ/Item|q= Are the interest rates fixed? |a=
-* With '''money market accounts''', the interest rate is '''not fixed'''. It can change from day to day.
-* '''Fixed-term''' accounts offer a '''fixed interest rate'''.
-However, you will notice that interest rates in the Eurozone are very low. If you consider investing into shares and ETFs, check the [[Germany/Banking/Brokers|List of German Brokers]].
-}}{{FAQ/Item|q= Are interest payments taxed? |a=
-* Yes, in Germany capital gains from savings accounts are taxed with the '''Withholding Tax'''. <ref>{{Cite|date=2022-07-27|url=https://en.wikipedia.org/wiki/Abgeltungsteuer#Germany Abgeltungsteuer|quote=The Abgeltungsteuer (German, from Abgeltung "settlement", "discharge" + Steuer "tax") is a flat tax on private income from capital.}}</ref>
-* Basically, you pay '''25% flat''' on your earnings.
-* However, there's an '''allowance of €801 per year'''. It means that if you have earned less than €801 on interest payments in a year, you pay no Withholding Tax on this sum. Only earnings above will be taxed.
-* When using a German bank for your savings, the '''bank automatically deducts your tax payments'''. If you want them to automatically respect your allowance, you can give them an '''exemption order''' (''Freistellungsauftrag'').
-}}
-}}
-== Banks with English support ==
-* {{AffLink|bunq Easy Savings|bunq.savings}} – free online savings account with 1.31% p.a. <ref>as of 2023-01-25</ref>
-== Comparisons with Calculators ==
-=== List of Money Market Accounts (''Tagesgeld'') ===
-{{FA-DE-Tagesgeldrechner}}
-=== List of Fixed Deposit Accounts (''Festgeld'') ===
-{{FA-DE-Festgeldrechner}}
-== See also ==
-* [https://germantaxes.de/tax-tips/capital-gains-withholding-tax/ Withholding Tax (Abgeltungsteuer) on Capital Gains] by ''germantaxes.de''
-{{Notes}}
-[[Category:Banking]]