Consorsbank products, services and reviews
Rating, reviews, address, contact info, branches, phone numbers, fixed deposits, savings and card accounts offered by Consorsbank
3.80%
Annual fee
Free
Cashback
No
Annual fee
Free
Cashback
No
Interest rates up to 3.80%
Open and manage directly on PickTheBank Platform
Terms from 3 months to 5 years
Annual interest payments
Protected by Deposit Guarantee System up to 100.000 EUR
Consorsbank
4.1
Germany
Credit ratings
Deposit Guarantee Scheme (DGS)
Deposit Guarantee Scheme (DGS) member. Deposits up to €100k per person are covered
S&P
A+
Moody’s
Aa3
Fitch
A+
About Consorsbank
Consorsbank is an online bank and broker operating in Germany under the brand of BNP Paribas S.A. Niederlassung Deutschland, offering a combination of retail banking and securities services aimed at digitally oriented customers. The product set covers a current account with a Visa card (debit by default; a credit card is optional), SEPA transfers, Apple Pay and Google Pay, overdraft facilities, a linked savings account, and a securities depot with access to German and international exchanges, derivatives from partner issuers, and automated savings plans for ETFs, funds, and stocks. Brokerage pricing follows a standard market model with an order commission that combines a base fee and a percentage component subject to minimums and caps, custody is typically free, and ETF or fund savings plans may carry percentage execution fees unless covered by provider promotions; the bank regularly runs time-limited pricing campaigns for new clients or specific products. Account management and card use are largely app- and web-based with two-factor authentication via a TAN app; support is provided by phone, secure messaging, and chat during published service hours. Cash withdrawals are available at ATMs bearing the Visa mark, with conditions that can include minimum withdrawal amounts, limits on the number of free transactions, and fees for foreign currency use; cash deposits are restricted and may incur fees or require designated partners. The bank supports standard PSD2 security, video identification for onboarding, single and joint accounts, and securities transfers in and out; tax reporting for German residents and automatic withholding on domestic investment income are integrated. Deposits are protected up to 100,000 EUR per person under the French deposit guarantee scheme (FGDR) due to the institution’s branch status; investor-compensation coverage follows the French framework. Pricing, interest rates on savings, and promotional terms change periodically and depend on product selection and usage.
Consorsbank Deposit guarantee scheme participation
Consorsbank participates in the deposit guarantee scheme of Germany which applies to all deposit accounts made by natural persons, legal entities and covers up to up to 100,000 EUR (or equivalent in local currency) per bank per depositor.
Consorsbank Countries of operations
Consorsbank offers their savings products in Germany
Products offered by Consorsbank and interest rates
Consorsbank offers 6 deposits and 0 savings accounts in EUR.
Consorsbank offers the following fixed deposits in EUR in Germany: 6 months deposit - 1.6%; 12 months deposit - 2%; 24 months deposit - 1.6%; 36 months deposit - 1.8%.
Best interest rates in Germany
Fixed deposits offered by Consorsbank
Loans offered by Consorsbank
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About Consorsbank
Consorsbank is a versatile financial institution offering a comprehensive suite of banking products, investment opportunities, and loan options.
Geography of Operations
Consorsbank, a prominent financial institution in Germany, is part of BNP Paribas, a major international banking group. While its primary focus is on the German market, the bank’s services are also accessible to customers in other European countries through its parent company’s network. The bank offers its full suite of services online, allowing it to serve clients across Europe efficiently.
Digital Banking Consorsbank
The bank's online platform enables customers to manage accounts, make transactions, and view financial statements with ease. It offers a comprehensive set of features including bill payments, fund transfers, and account management.
Mobile Banking: The Consorsbank app provides similar functionalities to its online platform but is optimized for mobile use. Customers can perform transactions, check balances, and access account information from their smartphones.
Credit Rating
Consorsbank’s creditworthiness is bolstered by its association with BNP Paribas, which enjoys high credit ratings from major agencies: A+ from Standard & Poor’s, Aa3 from Moody’s, and A+ from Fitch. These ratings reflect BNP Paribas's strong financial health and stability, enhancing Consorsbank’s credibility and reliability in the financial sector.
Products and Services
Consorsbank offers a diverse range of financial products and services tailored to both retail and investment customers:
Current Accounts:
The bank provides various checking accounts, including accounts with no monthly fees and those with additional features such as free international payments.
Savings Accounts:
Customers can choose from high-interest savings accounts with competitive rates, including options for term deposits and flexible savings plans.
Investment Products:
The bank offers a wide array of investment options, including stocks, bonds, ETFs, and mutual funds. It also provides experienced investors with access to advanced trading platforms.
Loans and Credit:
The bank provides personal loans, auto loans, and credit cards, with varying terms and conditions to suit different financial needs.
Insurance:
The bank offers insurance products, including life and health insurance, through partnerships with insurance providers.
Wealth Management:
The bank offers personalized wealth management services and financial advisory for clients with significant assets.
Open a fixed-term deposit account
Deposit Protection
Deposits held with Consorsbank are protected under the German Deposit Guarantee Scheme (Einlagensicherungsfonds), which guarantees the protection of customer deposits up to €100,000 per depositor, per bank. This scheme is backed by the German government and provides reassurance to clients about the security of their savings.
Customer Reviews
Consorsbank has an overall TrustScore of 1.5 out of 5 on Trustpilot, reflecting significant customer dissatisfaction. Key issues reported by users include:
Customer Service: Complaints focus on long wait times, unresponsive support, and unresolved issues.
Account Management: Problems include delays in receiving new cards or PINs and difficulties accessing accounts.
Transaction Errors: Users report errors in transactions and stock purchases, along with slow resolution.
Despite these concerns, some clients appreciate the bank's online and mobile banking platforms for their ease of use and functionality. However, the overall sentiment from reviews on Trustpilot suggests a need for significant improvements in customer support and service reliability.
Financial Performance
Consorsbank, like a subsidiary of BNP Paribas, plays a role in the overall financial performance of the BNP Paribas group. The group has demonstrated consistent financial stability, marked by steady revenue and profit growth. The bank's performance is aligned with BNP Paribas's broader financial success, evidenced by its expanding customer base and increasing market share within the European financial services sector.
Contacts
Address
Nuremberg location:
Bahnhofstrasse 55
90402 Nuremberg
Phone number
+49 0 911 369 0Website
consorsbank.deBank identifiers
BIC number
CSDBDE71
Name
Consorsbank
Country
Germany