North Channel Bank GmbH & Co. KG provides products and services in the areas of corporate finance, impact finance, renewable energy financing, US Life Settlements, securities trading, asset management, retail banking. The range of products offered by North Channel Bank GmbH & Co. KG includes time deposit accounts (0.20 - 0.70 %). North Channel Bank GmbH & Co. KG makes its solutions available to natural persons, business entities.
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 However the money deposited to such account cannot be withdrawn for a specified period of time (term).
North Channel Bank GmbH & Co. KG offers the following time deposit accounts.
Updated on 18 September 2020
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 North Channel Bank GmbH & Co. KG 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 North Channel Bank GmbH & Co. KG from the time deposit account.