Updated on 14 August 2020
TARGOBANK is a subsidiary Crédit Mutuel, a French cooperative bank. TARGOBANK provides retail banking products and services. The bank's is focused on reliable advice and simple, attractive products. TARGOBANK distributes its products via different channels - branches, phone, Internet.
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.
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.
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 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.
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 0.01 - 1.00 %. The interest rates provided in the table do not take into account withholding tax levied on interest income in Germany.
Country Deposit Rating. Germany'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 Germany 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 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 from the savings account by the bank.