Updated on 21 August 2019
ING-DiBa AG is a direct bank of ING Group (Netherlands) offering retail banking products and services. Being a direct bank, ING-DiBa AG doesn't have an expensive branch network, the resulting cost savings are passed on to the bank's customers which allows to offer fair conditions in all product areas. The savings and loan products of ING-DiBa AG are not complicated and can be opened and administered independently via the Internet, telephone or by postal letters.
net-m Privatbank AG 1891 is a 100% subsidiary of net mobile AG and a part of NTT DOCOMO Group (Japan). In the areas of retail and corporate banking, net-m Privatbank AG in 1891 specializes in products that are innovative and tailored to the needs of each target group.
PSA Bank (Banque PSA Finance) works closely with Peugeot, Citroën and DS automotive brands to offer dealership networks and its clients (both individuals and corporate) financial packages to purchase the vehicles of these brands. PSA Bank Deutschland GmbH operates as a branch of Banque PSA finance (France).
Deutsche Kreditbank AG (DKB) was founded in 1990 in Berlin. DKB is a wholly owned subsidiary of Bayerische Landesbank. DKB provides banking products and services to retail, corporate and public sector clients. Retail banking products are offered via direct banking channels.
GEFA Bank is an equipment and vendor finance company, offering loan, leasing, hire purchase and insurance products for mobile assets. GEFA'a products and services are offered under the brand of Societe Generale Equipment Finance.
Deutsche Pfandbriefbank AG was formed in June 2009 when two Pfandbriefbanks (eng - mortgage bond banks), Hypo Real Estate Bank AG and DEPFA Deutsche Pfandbriefbank AG were merged. Deutsche Pfandbriefbank specializes in financing of commercial real estate investments and public investment projects. The bank is the largest issuer of Pfandbriefe and an important issuer of covered bonds in Europe. Since 16 July 2015, Deutsche Pfandbriefbank AG is listed in the Prime Standard segment of the Regulated Market of the Frankfurt Stock Exchange.
Founded in 1924, IKB Deutsche Industriebank supports medium-sized enterprises and private equity funds in Germany and Europe by providing loan products, risk management, capital market services and advisory services. Besides corporate banking products, IKB Deutsche Industriebank also offers retail banking products.
Mercedes-Benz Bank is an automotive bank and a subsidiary of Daimler Financial Services, a worldwide financial services company of Daimler Group. Mercedez-Benz Bank's product range is concentrated around vehicles and includes financing, leasing, insurance and fleet management for brands of Mercedes-Benz, Smart, Mitsubishi Fuso and Setra. Mercedez-Benz Bank also offers savings and time deposit accounts and payment cards via direct banking services.
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 Germany: 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 0.05 - 1.00 %. The interest rates provided in the table do not take into account withholding tax levied on interest income in Germany.
Savings accounts made with credit institutions in Germany are covered by deposit guarantee scheme up to 100,000 EUR per depositor.
Germany's Moodys country ceiling (the highest rating that can be assigned) for deposits in local currency is set to Aaa (prime).