Volksbank Magdeburg eG products, services and reviews
Rating, reviews, address, contact info, branches, phone numbers, fixed deposits, savings and card accounts offered by Volksbank Magdeburg eG
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

Volksbank Magdeburg eG
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
AA-
About Volksbank Magdeburg eG
Volksbank Magdeburg eG is a regional cooperative bank based in Magdeburg and part of the Genossenschaftliche FinanzGruppe Volksbanken Raiffeisenbanken. Its portfolio covers retail and business banking, including current accounts with tiered models and published fees, savings and term deposits, consumer loans, mortgages, and building-society savings typically via Bausparkasse Schwäbisch Hall. Investment and securities services are available through cooperative partners such as Union Investment and entities within the DZ BANK Group; insurance products are distributed via R+V Versicherung. For corporate clients, the bank offers business accounts, working capital and investment financing, commercial real estate funding (often with DZ HYP and other group partners), leasing via VR Smart Finanz, merchant services and acquiring through VR Payment, and cash management with SEPA, EBICS, and optional instant payments. Access is provided through local branches in Magdeburg and the surrounding region, online banking and the VR BankingApp, and a service center; authentication commonly uses SecureGo plus and chipTAN/photoTAN procedures. Card products include girocard and Visa/Mastercard debit or credit options with contactless and mobile payment capability; cash withdrawals are available nationwide via the cooperative BankCard ServiceNetz ATM network. As a registered cooperative (eG), customers can become members by subscribing shares, with voting rights on a one-member-one-vote basis; any member distribution is subject to annual results and the general meeting’s resolution. Deposits are covered by the institutional protection scheme of the National Association of German Cooperative Banks (BVR); the legally recognized BVR Institutssicherung GmbH serves as the statutory deposit guarantee scheme, complemented by the additional voluntary BVR protection scheme. The institution is supervised by BaFin and the Deutsche Bundesbank; conditions, product availability, and interest rates are published by the bank and can change by segment and over time.
Volksbank Magdeburg eG Deposit guarantee scheme participation
Volksbank Magdeburg eG 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.
Volksbank Magdeburg eG Countries of operations
Volksbank Magdeburg eG offers their savings products in
Products offered by Volksbank Magdeburg eG and interest rates
Volksbank Magdeburg eG offers 0 deposits and 1 savings accounts in .
Volksbank Magdeburg eG offers the following fixed deposits in EUR in Germany: 0 months deposit - 0.3%.
Best interest rates in Germany
Savings accounts offered by Volksbank Magdeburg eG
Loans offered by Volksbank Magdeburg eG
There are no products yet
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Contacts
Address
Alter Markt 1, 39104 Magdeburg, Germany
Phone number
+49 391 6106 0Website
volksbank-magdeburg.deBank identifiers
BIC number
GENODEF1MD1
Name
Volksbank Magdeburg eG
Country
Germany