net-m privatbank 1891 AG

Business Summary

Services
retail banking
corporate banking
Products
Area Served
Germany

net-m privatbank 1891 AG provides products and services in the areas of retail banking, corporate banking. The range of products offered by net-m privatbank 1891 AG includes current accounts, savings accounts (0.30 - 0.30 %), business loans, factoring, time deposit accounts (0.56 - 0.81 %).

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.

net-m privatbank 1891 AG offers the following savings accounts.

Updated on 15 December 2019

Tagesgeld
Sales Region
Germany
Account Currency
EUR
Interest Rate (p.a.)
0.30 %
Deposit Term
1 - 12 months
Savings Account Details
Product Name
Tagesgeld
Account Currency
EUR
Min. Interest Rate (p.a.)
0.30 %
Max. Interest Rate (p.a.)
0.30 %
Min. Deposit Term
1 month
Max. Deposit Term
12 months
Min. Investment Amount
1 EUR
Max. Investment Amount
100,000 EUR
Interest Frequency
4 times a year

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. Savings accounts made with net-m privatbank 1891 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 net-m privatbank 1891 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 However the money deposited to such account cannot be withdrawn for a specified period of time (term).

net-m privatbank 1891 AG offers the following time deposit accounts.

Updated on 15 December 2019

Festgeld
Sales Region
Germany
Account Currency
EUR
Interest Rate (p.a.)
0.56 - 0.81 %
Deposit Term
3 - 24 months
Time Deposit Account Details
Product Name
Festgeld
Account Currency
EUR
Min. Interest Rate (p.a.)
0.56 %
Max. Interest Rate (p.a.)
0.81 %
Min. Deposit Term
3 months
Max. Deposit Term
24 months

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 net-m privatbank 1891 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 net-m privatbank 1891 AG from the time deposit account.

See Also