GRENKE BANK AG

Business Summary

Services
business banking
SME banking
retail banking
leasing
factoring
Products
business accounts
business loans
property loans
credit cards
overdraft loans
time deposit accounts (0.30 - 0.95 %)
Clients
natural persons
self-employed individuals
start-ups
companies
private investors
Area Served
DEGermany

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.

Products

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 However the money deposited to such account cannot be withdrawn for a specified period of time (term).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.

Updated on 25 October 2020

Festgeld
Sales Region
DEGermany
Investment Amount
5,000 - 999,999 EUR
Interest Rate (p.a.)
0.30 - 0.95 %
Deposit Term
3 - 60 months
Time Deposit Account Details
Product Name
Festgeld
Account Currency
EUR
Min. Interest Rate (p.a.)
0.30 %
Max. Interest Rate (p.a.)
0.95 %
Min. Deposit Term
3 months
Max. Deposit Term
60 months
Min. Investment Amount
5,000 EUR
Max. Investment Amount
999,999 EUR
Interest Frequency
4 times a year
Firmenfestgeld Weltsparen
Sales Region
DEGermany
Investment Amount
10,000 - 250,000 EUR
Interest Rate (p.a.)
0.30 - 0.60 %
Deposit Term
12 - 60 months
Time Deposit Account Details
Product Name
Firmenfestgeld Weltsparen
Account Currency
EUR
Min. Interest Rate (p.a.)
0.30 %
Max. Interest Rate (p.a.)
0.60 %
Min. Deposit Term
12 months
Max. Deposit Term
60 months
Min. Investment Amount
10,000 EUR
Max. Investment Amount
250,000 EUR
Interest Frequency
1 times a year
Festgeld Weltsparen
Sales Region
DEGermany
Investment Amount
10,000 - 250,000 EUR
Interest Rate (p.a.)
0.60 - 0.95 %
Deposit Term
12 - 60 months
Time Deposit Account Details
Product Name
Festgeld Weltsparen
Account Currency
EUR
Min. Interest Rate (p.a.)
0.60 %
Max. Interest Rate (p.a.)
0.95 %
Min. Deposit Term
12 months
Max. Deposit Term
60 months
Min. Investment Amount
10,000 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. 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.

See Also