Sparkasse MagdeBurg products, services and reviews
Rating, reviews, address, contact info, branches, phone numbers, fixed deposits, savings and card accounts offered by Sparkasse MagdeBurg
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

Sparkasse MagdeBurg
4.1
Germany
Credit ratings
Deposit Guarantee Scheme (DGS)
Deposit Guarantee Scheme (DGS) member. Deposits up to €100k per person are covered
S&P
-
Moody’s
-
Fitch
-
About Sparkasse MagdeBurg
Sparkasse MagdeBurg is a publicly owned savings bank serving Magdeburg and the surrounding area in Saxony-Anhalt as part of the Sparkassen-Finanzgruppe, operating under public law and offering branch and self-service access alongside nationwide Sparkassen ATM coverage. Its product range spans current accounts for private and business customers, savings and term deposits, overdrafts, consumer loans, mortgages and construction financing, securities custody and trading, and brokerage of group partner products such as investment funds via DekaBank, building society savings via LBS, and insurance solutions. Payment services include SEPA transfers, standing orders, and—where activated—instant payments; cards typically include the Sparkassen-Card (girocard) and optional credit cards (Visa/Mastercard) with contactless functionality and support for common mobile wallets such as Apple Pay and Google Pay, subject to card type and activation. Digital banking is available via web and the Sparkassen app with pushTAN or chipTAN, electronic statements (E-Postfach), photo transfer, multibanking, card controls, and appointment booking; telephone service and in-branch consulting are available within posted hours. Pricing follows tiered account models with monthly maintenance fees and potential charges for items such as paper statements, certain cash services, or excess transactions; discounted youth and student options are common, and business accounts have separate tariffs, with the official schedule of prices and services governing details. Interest on deposits and overdraft rates reflect prevailing market conditions and are adjusted by notice; lending is executed locally within group risk policies, and public development bank programs (e.g., KfW) can be accessed through the bank for eligible projects. Customer deposits are safeguarded by the institutional protection scheme of the Sparkassen-Finanzgruppe; securities services fall under German investor protection rules and involve market risk. Branch accessibility and cash services vary by location, with some network adjustments in recent years; cash withdrawals and deposits remain available at many self-service points. Standard German identification requirements apply for account opening, including proof of identity and residence, and non-resident availability may be limited. Prospective customers should review the current terms, fees, and product conditions directly with Sparkasse MagdeBurg before opening or switching accounts.
Sparkasse MagdeBurg Deposit guarantee scheme participation
Sparkasse MagdeBurg 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.
Sparkasse MagdeBurg Countries of operations
Sparkasse MagdeBurg offers their savings products in Germany
Products offered by Sparkasse MagdeBurg and interest rates
Sparkasse MagdeBurg offers 3 deposits and 3 savings accounts in EUR.
Sparkasse MagdeBurg offers the following fixed deposits in EUR in Germany: 0 months deposit - 0.8%; 36 months deposit - 1.4%.
Best interest rates in Germany
Fixed deposits offered by Sparkasse MagdeBurg
Savings accounts offered by Sparkasse MagdeBurg
Loans offered by Sparkasse MagdeBurg
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Contacts
Address
Breiter Weg 212, 39104 Magdeburg, Germany
Phone number
+49 391 54040Website
sparkasse-magdeburg.deBank identifiers
BIC number
NOLADE21MDG
Name
Sparkasse MagdeBurg
Country
Germany