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A fixed-term deposit (Festgeld) is a savings product where you place a defined amount of money with a bank for a predetermined period at a fixed interest rate.
Unlike a regular savings account, the interest rate does not change for the duration of the term.
Funds placed in a fixed-term deposit with our partner bank are protected under the mandatory EU Deposit Guarantee Scheme up to €100,000 per depositor.
That means even in the unlikely event of a bank failure, your deposited capital and accrued interest are secured up to the protected amount.
You can choose different interest payout frequencies when opening your Festgeld:
Paid at maturity — interest accumulates and is paid together with principal at the end of the term
Annually — interest paid once per year
Quarterly — interest credited every 3 months
Monthly — interest credited every month
Interest credit may affect your effective yield if you choose compounding via credited payouts.
Interest is calculated on the agreed fixed rate for your selected term. The system uses a 365-day basis to estimate returns. The actual payout you receive may vary slightly depending on interest credit frequency and banking conventions, but the rate you secure remains binding for the term.
The calculator shows indicative results and is meant to help you plan — results are not binding until the account is formally opened.
Festgeld terms are usually offered in fixed increments, for example:
Longer terms usually pay higher fixed interest rates, but you should choose a time period that matches your personal liquidity needs.
Fixed-term deposits are designed to reward commitment. In most cases:
Before opening an account, be sure the funds you deposit can remain untouched until maturity.
Yes — if you choose a payout frequency other than “paid at maturity”, interest can be credited to your linked account.
From there, you can reinvest it in another deposit or savings product — depending on available rates.
Our fixed-term deposit product has:
✔ No application fees
✔ No administration fees
✔ Transparent terms and conditions
Any fees related to transfers or external bank services will be clearly shown before you confirm your account.
Yes — you generally need a primary banking or savings account with the partner bank before a Festgeld account can be opened. The process will guide you through account creation if needed.
| Feature | Savings Account | Festgeld |
|---|---|---|
| Liquidity | High | Locked |
| Rate variability | Variable | Fixed |
| Predictability | Lower | High |
| Typical rate | Lower | Higher |
Festgeld offers predictable and often higher returns when you can commit funds for a defined term.
Festgeld accounts are held in the same currency as the deposit — typically EUR.
There is no currency risk if you deposit in euros and do not convert funds.
Interest earned may be subject to local taxation based on your jurisdiction.
We recommend consulting your tax advisor to understand how deposit interest is taxed in your country.
Absolutely. Before confirming your Festgeld account, you will be shown the full terms and conditions, including:
Once your deposit is placed and the term is active, the interest rate is fixed and will not change for the duration — even if market rates rise or fall.
Do you have any questions?