GRENKE BANK AG provides products and services in the areas of business banking, SME banking, retail banking, leasing, factoring. GRENKE BANK AG offers a range of products including business accounts, business loans, property loans, credit cards, overdraft loans, time deposit accounts (0.30 - 0.95 %). GRENKE BANK AG makes its solutions available to natural persons, self-employed individuals, start-ups, companies, private investors.
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cannot be withdrawn for a specified period of time (term).
GRENKE BANK AG offers the following time deposit accounts.
Germany: 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 GRENKE BANK 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 GRENKE BANK AG
from the time deposit account.