Updated on 2 December 2020
Bankhaus Denzel Aktiengesellschaft was founded in 1991 and is a part of the Denzel Group, the largest multi-brand car dealer network in Austria. The initial core business of Denzel Bank was financing for car dealers. Now Denzel Bank offers consumer loans for new and used vehicles and deposit products.
Porsche Bank AG, a part of Porsche Holding, is an international automotive financial services company. Porsche Bank offers credit, leasing, insurance and maintainance services for the Group brands VW, Audi, Seat, Skoda and Porsche.
Generali Bank, founded in 2002, is a member of Generali Group, one of the largest insurers in Austria. Generali Bank offers a comprehensive and demand-oriented product range from current and savings accounts, payments to investments in securities. Generali Bank has no proprietary, costly branch network. Certain products such as savings accounts can be quickly and easily obtained online.
Kremser Bank traces its roots back to 1856 when Sparkasse Krems was founded. Kremser Bank is a traditional savings bank, member of Austrian Sparkassen Gruppe. Kremser Bank provides retail, private and business banking products and services.
Established in 2001, VOLKSBANK WIEN AG operates as a regional universal bank, offering a broad range of retail banking products and services to private individuals and companies. Since July 2015, VOLKSBANK WIEN AG offers its retail banking products and services online via its registered trademark, LiveBank.
Autobank AG is one of the leading banks for car loans in Austria and Germany. The bank specializes in motor vehicle leasing and financing solutions. Autobank's product portfolio also includes vehicle trade, factoring and fleet management as well as savings and term deposit accounts.
Hellobank, formerly known as direktanlage.at, was founded in 1995 and was a pioneer among online brokers. Since 2015 Hellobank is a member of BNP Paribas Group. Hellobank specializes in online brokerage services and retail banking.
DenizBank AG was founded in Austria in 1996 as a universal bank: the bank offers a range of products and services in retail and corporate banking. DenizBank AS (Turkey) is the parent company of DenizBank AG (Austria). Since 28 September 2012, DenizBank operates under the umbrella of Sberbank (Russia).
Established in 1808, Banc do Brasil is the largest bank in Brasil. Banco do Brasil operates as a universal bank on its domestic market while providing selected operations internationally. International offices of Banco de Brasil generally serve large corporations and Brasilian residents.
Austria: This product is offered to Austrian residents only. When clicking on the product link you will be redirected to the product page in German.
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.
Savings accounts are interest-bearing deposits accounts which allow to withdraw money at any time. While offering more flexibility, savings accounts usually provide lower interest rates than term deposit accounts.
The table above shows essential details of selected savings accounts products offered to retail customers by the banks in Austria: currency, interest rate per annum and deposit term. The savings accounts terms vary from 1 month to 1 years (12 months). The interest rates are within the range 0.01 - 0.25 %. The interest rates provided in the table do not take into account withholding tax levied on interest income in Austria.
Country Deposit Rating. Austria's Moodys country ceiling (the highest rating that can be assigned) for deposits in local currency is set to Aaa (prime).
Deposit Guarantee. Savings accounts made with credit institutions in Austria are covered by deposit guarantee scheme up to 100,000 EUR per depositor.
Withholding Tax. Interest income gained on savings accounts by non-residents of Austria is not taxed. Interest gained on savings accounts by residents of Austria is taxed at 25.00% rate. When the interest is paid, this tax is automatically withhold from the savings account by the bank.