Sparkasse products, services and reviews
Rating, reviews, address, contact info, branches, phone numbers, fixed deposits, savings and card accounts offered by Sparkasse
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
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
А+
About Sparkasse
Sparkasse refers to Germany’s decentralized network of municipal savings banks within the Sparkassen-Finanzgruppe, comprising over 300 local institutions operating under public law and the regional principle, meaning each bank focuses on a defined geographic area and sets its own pricing and product terms. Standard offerings include current accounts, savings products, consumer and mortgage lending, SME financing, municipal banking, cards (girocard and, increasingly, Visa Debit or Debit Mastercard), credit cards, and investment products via group partners such as DekaBank, as well as building-society savings through the Landesbausparkassen. Distribution combines a large branch and ATM footprint with online banking and the Sparkasse app; authentication typically uses chipTAN or pushTAN; Apple Pay and Google Pay are widely supported. International use depends on card type and co-badging; SEPA transfers are standard, with SWIFT available at additional cost. Fees vary materially by local Sparkasse, with common monthly account management charges and separate pricing for card packages, cash deposits, and ATM usage outside the group network. Interest rates on deposits and loans are set locally and change with market conditions. Account opening generally requires German residency and standard KYC; some institutions offer digital onboarding. Governance reflects a public mandate to support local economic development and financial inclusion, with supervision by BaFin and the Bundesbank alongside state oversight. Deposits are covered by the Sicherungssystem der Sparkassen-Finanzgruppe (an institutional protection scheme recognized under the German Deposit Guarantee Act), which is designed to prevent insolvency and, where applicable, provides coverage up to 100,000 EUR per depositor per institution.
Sparkasse Deposit guarantee scheme participation
Sparkasse 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 Countries of operations
Sparkasse offers their savings products in
Products offered by Sparkasse and interest rates
Sparkasse offers 0 deposits and 0 savings accounts in .
Best interest rates in Germany
Loans offered by Sparkasse
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Bank identifiers
BIC number
Name
Sparkasse
Country
Germany