Bankhaus August Lenz & Co. AG

Business Summary

Services
retail banking
private banking
business banking
Products
current accounts
savings accounts (0.15 - 0.15 %)
time deposit accounts (0.25 - 0.25 %)
debit cards
credit cards
investment funds
Area Served
DEGermany

Bankhaus August Lenz & Co. AG provides products and services in the areas of retail banking, private banking, business banking. The range of products offered by Bankhaus August Lenz & Co. AG includes current accounts, savings accounts (0.15 - 0.15 %), time deposit accounts (0.25 - 0.25 %), debit cards, credit cards, investment funds.

Account Opening

Account Opening Procedure
submit online application

Opening an account with Bankhaus August Lenz & Co. AG can be done by performing the following steps: submit online application.

Ways to Bank

Business Channels
branch branch
online banking online banking
mobile app mobile app

Products and services offered by Bankhaus August Lenz & Co. AG are available at its branches and via its online banking system, mobile application.

Mobile Application: BAL-TAN

BAL-TAN
BAL-TAN
BAL-TAN Supported Languages
GBEnglish
DEGerman

Products

Savings Accounts

Savings accounts are interest-bearing deposits accounts which allow to withdraw money at any time. While providing more flexibility, savings accounts usually offer lower interest rates and shorter deposit terms than time deposit accounts.

Bankhaus August Lenz & Co. AG offers the following savings accounts.

Updated on 27 May 2020

Tagesgeld
Sales Region
DEGermany
Investment Amount
1,000 - 250,000 EUR
Interest Rate (p.a.)
0.15 %
Deposit Term
1 - 99 months
Savings Account Details
Product Name
Tagesgeld
Account Currency
EUR
Min. Interest Rate (p.a.)
0.15 %
Max. Interest Rate (p.a.)
0.15 %
Min. Deposit Term
1 month
Max. Deposit Term
99 months
Min. Investment Amount
1,000 EUR
Max. Investment Amount
250,000 EUR
Interest Frequency
1 times a year

DEGermany: This product is offered to German residents only. When clicking on the product link you will be redirected to the product page in German.
Deposit Guarantee. Savings accounts made with Bankhaus August Lenz & Co. AG are covered by deposit guarantee scheme of Germany up to 100,000 EUR per depositor.
Withholding Tax. Interest income gained on savings accounts by non-residents of Germany is not taxed. Interest gained on savings accounts by residents of Germany is taxed at 26.00% rate. When the interest is paid, this tax is automatically withhold by Bankhaus August Lenz & Co. AG from the savings account.

See Also

Time Deposit Accounts

Time deposits accounts are interest-bearing deposit accounts offering higher interest rates than savings accounts. However the money deposited to such account cannot be withdrawn for a specified period of time (term).

Bankhaus August Lenz & Co. AG offers the following time deposit accounts.

Updated on 27 May 2020

Firmenfestgeld Weltsparen
Sales Region
DEGermany
Investment Amount
50,000 - 999,999 EUR
Interest Rate (p.a.)
0.25 %
Deposit Term
6 months
Time Deposit Account Details
Product Name
Firmenfestgeld Weltsparen
Account Currency
EUR
Min. Interest Rate (p.a.)
0.25 %
Max. Interest Rate (p.a.)
0.25 %
Min. Deposit Term
6 months
Max. Deposit Term
6 months
Min. Investment Amount
50,000 EUR
Max. Investment Amount
999,999 EUR
Interest Frequency
2 times a year

DEGermany: This product is offered to German residents only. When clicking on the product link you will be redirected to the product page in German.
Deposit Guarantee. Time deposit accounts made with Bankhaus August Lenz & Co. AG are covered by deposit guarantee scheme of Germany up to 100,000 EUR per depositor.
Withholding Tax. Interest income gained on time deposit accounts by non-residents of Germany is not taxed. Interest gained on time deposit accounts by residents of Germany is taxed at 26.00% rate. When the interest is paid, this tax is automatically withhold by Bankhaus August Lenz & Co. AG from the time deposit account.

See Also