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19.11.2023

Germany's Deposit Market Overview: November 2023

5 min read

Unlocking Financial Opportunities: PickTheBank's Guide to November Deposit Rates in Germany. Our examination focuses on the highest interest rates across various deposit categories, obtained through thorough research on rates provided by diverse German banks.

Current Trends in Germany's Deposit Rates

As November unfolds, investors and savers are presented with a fresh landscape of deposit rates in Germany, and PickTheBank is your trusted companion in navigating this dynamic financial terrain.

Drawing on the latest data from the European Central Bank (ECB), Germany continues to showcase noteworthy trends in its deposit market. As of November, the average annual deposit interest rate in Germany has seen a commendable rise, reaching 3.30%. This increase from the previous month's 3.15% underscores a promising environment for those seeking optimal returns on their investments.

PickTheBank has identified the most attractive annual euro deposit rate for November, which remains at the level of 4.20%.

In addition to this, we've observed a nuanced shift in the maximum interest rate for non-subordinated, long-term euro deposits in Germany, now standing at 4.25% compared to the previous month's 4.20%. 

Behind these figures lies the rigorous analysis conducted by PickTheBank. We've meticulously reviewed the offerings of 550 German banks, each presenting an array of fixed-term deposit interest rates. The result? Our Germany deposit database now boasts an impressive portfolio of 9,500 deposit products.

As of today, we recommend paying attention to the following selection: 

 

🔥Top-5 12-month ordinary EUR deposit rates:

 

Interest rateBankCurrencyTerm 
4.20%J&T DIREKTBANK, a.s. Zweigniederlassung Deutschland EUR12 mthsMore ->
4.20%Crédit Agricole Consumer FinanceEUR12 mthsMore ->
4.20%PayRay BankEUR12 mthsMore ->
4.10%AKBANK AGEUR12 mthsMore ->
4.01%Bank11 für Privatkunden und Handel GmbHEUR12 mthsMore ->

 

🔥Top-5 24-month ordinary EUR deposit rates:

 

Interest rateBankCurrencyTerm 
4.25%norisbank GmbH * EUR24 mthsMore ->
4.25%norisbank GmbH * EUR24 mthsMore ->
4.20%Crédit Agricole Consumer FinanceEUR24 mthsMore ->
4.15%Varengold Bank AGEUR24 mthsMore ->
4.11%Bank11 für Privatkunden und Handel GmbHEUR24 mthsMore ->

*Norisbank offers products from their partner banks from other European countries. 

 

🔥Top-5 36-month ordinary EUR deposit rates:

 

Interest rateBankCurrencyTerm 
4.20%Crédit Agricole Consumer Finance EUR36 mthsMore ->
4.10%norisbank GmbH *EUR36 mthsMore ->
4.01%Bank11 für Privatkunden und Handel GmbHEUR36 mthsMore ->
4.00%GEFA BANK GmbHEUR36 mthsMore ->
4.00%J&T DIREKTBANK, a.s. Zweigniederlassung DeutschlandEUR36 mthsMore ->

*Norisbank offers products from their partner banks from other European countries. 

 

🔥Top EUR deposit rates – any term

The following banks offer the maximum EUR interest rates on subordinated deposits available in Germany:

 

Interest rateBankCurrencyTerm 
6.00%BKM Deine  BausparkasseEUR240 mthsMore ->
5.70%BKM Deine  BausparkasseEUR180 mthsMore ->
5.60%BKM Deine  BausparkasseEUR144 mthsMore ->
5.50%BKM Deine  BausparkasseEUR120 mthsMore ->
4.80%Volksbank Dreieich eGEUR120 mthsMore ->

 

The following banks offer the maximum EUR interest rates for ordinary deposits available in Germany:

 

Interest rateBankCurrencyTerm 
4.25%pbb direktEUR120 mthsMore ->
4.25%norisbank GmbH *EUR24 mthsMore ->
4.20%J&T DIREKTBANK, a.s. Zweigniederlassung Deutschland EUR12 mthsMore ->
4.20%Crédit Agricole Consumer FinanceEUR12 mthsMore ->
4.20%PayRay BankEUR12 mthsMore ->

*Norisbank offers products from their partner banks from other European countries. 

 

🔥Top US dollar and GBP deposit rates – any term:

 

Interest rateBankCurrencyTerm 
5.00%pbb direkt USD12 mthsMore ->
5.00%pbb direkt USD120 mthsMore ->
4.75%pbb direkt USD60 mthsMore ->
4.50%COMMERZBANK AktiengesellschaftUSD12 mthsMore ->
4.65%COMMERZBANK AktiengesellschaftGBP12 mthsMore ->

 

Our vast database, covering data from 1,000+ banks across 25 European countries, offers a wealth of information. With over 20,000 deposit products, it provides a comprehensive overview of the financial opportunities in Europe.

Please note that the presented rates are before taxation and do not account for variations in interest payment frequencies. For the most accurate and up-to-date information, we recommend verifying rates directly with the respective banks before making any final decisions.

Explore the potential, stay informed, and make the most of your investments with PickTheBank.

 

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