5.9.2023
Germany's Deposit Market Overview: September 2023
5 min read
Dive into the analysis of current deposit interest rates in Germany for September 2023 and enhance your financial opportunities with our comprehensive deposit market overview at PickTheBank.
Welcome to PickTheBank - Your Source for the Best European Deposit Rates
At PickTheBank, we're devoted to delivering the latest insights in the ever-shifting realm of interest rates across Europe. Our extensive database is a treasure trove of information, encompassing over 1,000 banks from 25 European countries, showcasing an astounding array of more than 20,000 deposit products.
In this edition, our focus shines brightly on the captivating world of interest rates in Germany.
Based on official data released by the European Central Bank (ECB), Germany has witnessed a remarkable uptick in its average annual deposit interest rate. It now stands at 2.94%, a noteworthy rise from the previous month's 2.78%.
But that's not all. We've also identified the most appealing annual euro deposit rate at 4.10%, signifying an increase compared to the previous month.
We've also seen an increase in the maximum interest rate for non-subordinated, long-term euro deposits in Germany, rising to 4.15% compared to 4.10% in the previous month.
Behind these numbers lies a rigorous process of analysis. Our diligent team meticulously examined the websites of 550 German banks, all offering a variety of fixed-term deposit interest rates. As a result, our Germany deposit database now boasts an impressive portfolio of 9,500 deposit products.
🔥Top-5 12-month ordinary EUR deposit rates:
| Interest rate | Bank | Currency | Term | |
|---|---|---|---|---|
| 4.10% | J&T DIREKTBANK, a.s. Zweigniederlassung Deutschland | EUR | 12 mths | More -> |
| 4.05% | Crédit Agricole Consumer Finance | EUR | 12 mths | More -> |
| 4.00% | FIL Fondsbank GmbH | EUR | 12 mths | More -> |
| 4.00% | CreditPlus Bank Aktiengesellschaft | EUR | 12 mths | More -> |
| 4.00% | Kommunalkredit Austria AG Zweigstelle Deutschland | EUR | 12 mths | More -> |
🔥Top-5 24-month ordinary EUR deposit rates:
| Interest rate | Bank | Currency | Term | |
|---|---|---|---|---|
| 4.15% | Varengold Bank AG | EUR | 24 mths | More -> |
| 4.10% | norisbank GmbH * | EUR | 24 mths | More -> |
| 4.10% | OYAK ANKER Bank GmbH | EUR | 24 mths | More -> |
| 4.10% | Crédit Agricole Consumer Finance | EUR | 24 mths | More -> |
| 4.00% | CreditPlus Bank Aktiengesellschaft | EUR | 24 mths | More -> |
*Norisbank offers products from their partner banks from other European countries.
🔥Top-5 36-month ordinary EUR deposit rates:
| Interest rate | Bank | Currency | Term | |
|---|---|---|---|---|
| 4.15% | Crédit Agricole Consumer Finance | EUR | 36 mths | More -> |
| 4.10% | norisbank GmbH * | EUR | 36 mths | More -> |
| 4.00% | CreditPlus Bank Aktiengesellschaft | EUR | 36 mths | More -> |
| 4.00% | J&T DIREKTBANK, a.s. Zweigniederlassung Deutschland | EUR | 36 mths | More -> |
| 4.00% | Kommunalkredit Austria AG Zweigstelle Deutschland | EUR | 36 mths | More -> |
*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 rate | Bank | Currency | Term | |
|---|---|---|---|---|
| 5.00% | BKM Deine Bausparkasse | EUR | 240 mths | More -> |
| 4.90% | Volksbank Dreieich eG | EUR | 84 mths | More -> |
| 4.75% | BKM Deine Bausparkasse | EUR | 180 mths | More -> |
| 4.50% | Sparkasse Bodensee | EUR | 120 mths | More -> |
| 4.50% | Volksbank Mittweida eG | EUR | 120 mths | More -> |
🔥Top US dollar and GBP deposit rates – any term:
| Interest rate | Bank | Currency | Term | |
|---|---|---|---|---|
| 4.50% | COMMERZBANK Aktiengesellschaft | USD | 12 mths | More -> |
| 4.65% | COMMERZBANK Aktiengesellschaft | GBP | 12 mths | More -> |
| 3.50% | KT Bank AG | EUR | 12 mths | More -> |
| 3.00% | KT Bank AG | EUR | 6 mths | More -> |
| 2.75% | KT Bank AG | EUR | 3 mths | More -> |
If you're hungry for more details and want to explore the full landscape of deposit rates in Germany, we invite you to visit our website.
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.
Thank you for choosing PickTheBank as your trusted source for European deposit insights.
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