Updated on 3 October 2024
AustriaAustrian Anadi Bank traces its roots back to 1896. Austrian Anadi Bank's core businesses have always been financing of public institutions or housing and mortgage bonds. In addition, Austrian Anadi Bank offers a wide range of universal banking services for private and corporate customers.
Since 2013 Austrian Anadi Bank is owned by the British-Indian businessman Dr. Sanjeev Kanoria.Austrian Anadi Bank challenges traditional banking models through a unique value proposition of simplicity, speed and efficiency in its core products and services.
AustriaDenizBank (Wien) AG was founded in Austria in 1996 as a universal bank: the bank offers a range of products and services in retail and bsuienss banking. DenizBank AS (Turkey) is the parent company of DenizBank AG (Austria). In 2012 - 2019, DenizBank operated under the umbrella of Sberbank (Russia), in 2019 Emirates NBD (Dubai) bought DenizBank from Sberbank.
AustriaEstablished in 1999, VakıfBank International AG is a subsidiary ofTurkiye Vakiflar Bankasi TAO which controls 90% of Vakif Bank International shares capital. The rest 10% are owned by the pension fund of Türkiye Bankasi TAO Vakiflar, Ankara.
Vakif Bank International AG offers a broad range of traditional banking services such as current accounts and savings accounts, corporate and retail loans and transfer of funds.Vakif Bank offers a special service - rapid and cost-effective payment transfers from Austria to Turkey.
AustriaSantander Consumer Bank, a member of Santander Group (Spain), has more than 290,000 customers as a provider of financial services in retail banking. The head bank of the group, Banco Santander, based in Madrid is mainly active in retail banking and in addition in global wholesale banking, cards, asset management and insurance business.
AustriaEasybank is Austria's largest direct bank offering products and servicesof a universal bank.The product portfolio of Easybank ranges from services in payment and securitiesover different savings products and various forms of financing andcredit card products.Although Easybank doesn't have classic brick-and-mortar branches,its customers can always contact the bank through the phone or e-mail. Since March 2020, easybank AG operates as a subsidiary of BAWAG P.S.K.
AustriaBankhaus Denzel was founded in 1991 and is a part of the Denzel Group, the largest multi-brand car dealer network in Austria. Bankhaus Denzel's core business initially was financing for car dealers and has been expanded into offering consumer loans for new and used vehicles as well as various deposit products.
AustriaBAWAG P.S.K. is one of Austria's largest banks with more than 1.6 million retail and corporate customers and a nationwide well-known brand. The business strategy of BAWAG P.S.K is focused on low risk and high efficiency. More than 70% of the bank's loans and receivables are owed to customers in Austria, while the rest accounted for by western industrialized countries such as Germany, France, the United Kingdom and the United States.BAWAG P.S.K. has made a proactive decision to withdraw from Central and Eastern Europe.BAWAG P.S.K. business segments are retail and SME banking, corporate lending and investments, and treasury services and global markets.
AustriaEstablished in 1999, European American Investment Bank AG (Euram Bank) is an Austrian private bank offering private banking, wealth management and investment banking services to wealthy international and domestic private clients, families, private companies and financial institutions. In addition Euram Bank offers a full range of banking and investment banking expertise from investment consulting and asset management, to structuring and operating family offices and competent advice in special financing.
SwitzerlandEstablished in 1999, European American Investment Bank AG (Euram Bank) is an Austrian private bank offering private banking, wealth management and investment banking services to wealthy international and domestic private clients, families, private companies and financial institutions. In addition Euram Bank offers a full range of banking and investment banking expertise from investment consulting and asset management, to structuring and operating family offices and competent advice in special financing.
SpainEstablished in 1999, European American Investment Bank AG (Euram Bank) is an Austrian private bank offering private banking, wealth management and investment banking services to wealthy international and domestic private clients, families, private companies and financial institutions. In addition Euram Bank offers a full range of banking and investment banking expertise from investment consulting and asset management, to structuring and operating family offices and competent advice in special financing.
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.Switzerland: This product is offered to Swiss residents only. When clicking on the product link you will be redirected to the product page in German, French or Italian.Spain: This product is offered to Spanish residents only. When clicking on the product link you will be redirected to the product page in Spanish.
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).
The table above shows essential details of selected time deposit products offered to retail customers by the banks in Austria: currency, interest rate per annum and deposit term. The time deposit accounts terms vary from 3 month to 10 years (120 months).The interest rates are within the range 0.00 - 3.40 %. The interest rates provided in the table do not take into account withholding tax levied on interest income in Austria.
Average Deposit Rates. In January 2022, average annual deposit interest rate in local currency (Euro) of new contracts with fixed term up to 1 year between credit institutions and retail customers (households) was 0.09 %.
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. Time deposit 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 time deposit accounts by non-residents of Austriais not taxed. Interest gained on time deposit accounts by residents of Austriais taxed at 25.00% rate. When the interest is paid, this tax is automatically withhold from the time deposit account by the bank.
