My Money Bank

Business Summary

The range of products offered by My Money Bank includes savings accounts (0.37 - 0.37 %), time deposit accounts (0.15 - 0.85 %).

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.

My Money Bank offers the following savings accounts.

Updated on 21 September 2020

Tagesgeld/Flexgeld24
Sales Region
DEGermany
Investment Amount
1 - 100,000 EUR
Interest Rate (p.a.)
0.37 %
Deposit Term
1 - 99 months
Savings Account Details
Product Name
Tagesgeld/Flexgeld24
Account Currency
EUR
Min. Interest Rate (p.a.)
0.37 %
Max. Interest Rate (p.a.)
0.37 %
Min. Deposit Term
1 month
Max. Deposit Term
99 months
Min. Investment Amount
1 EUR
Max. Investment Amount
100,000 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 My Money Bank are covered by deposit guarantee scheme of France up to 100,000 EUR per depositor.
Withholding Tax. Interest income gained on savings accounts by non-residents of France is not taxed. Interest gained on savings accounts by residents of France is taxed at 24.00% rate. When the interest is paid, this tax is automatically withhold by My Money Bank 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 However the money deposited to such account cannot be withdrawn for a specified period of time (term).

My Money Bank offers the following time deposit accounts.

Updated on 21 September 2020

Festgeld
Sales Region
DEGermany
Investment Amount
1 - 100,000 EUR
Interest Rate (p.a.)
0.15 - 0.85 %
Deposit Term
3 - 60 months
Time Deposit Account Details
Product Name
Festgeld
Account Currency
EUR
Min. Interest Rate (p.a.)
0.15 %
Max. Interest Rate (p.a.)
0.85 %
Min. Deposit Term
3 months
Max. Deposit Term
60 months
Min. Investment Amount
1 EUR
Max. Investment Amount
100,000 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 My Money Bank are covered by deposit guarantee scheme of France up to 100,000 EUR per depositor.
Withholding Tax. Interest income gained on time deposit accounts by non-residents of France is not taxed. Interest gained on time deposit accounts by residents of France is taxed at 24.00% rate. When the interest is paid, this tax is automatically withhold by My Money Bank from the time deposit account.

See Also

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