Best savings accounts in Austria

Checked on 28 September 2026. 15 savings accounts, term deposits and money market funds from 14 providers accept someone resident in Austria. The three highest rates:

• Raisin, Deposit marketplace at 4.25%, fixed term, no minimum, deposit guarantee: the partner bank's national scheme, up to €100,000.
• Trading 212, Interest on cash (Trading 212 EU GmbH) at 4.20%, instant access, no minimum, deposit guarantee: Germany, up to €100,000.
• Klarna, Fixed-term savings account at 3.24%, fixed term, up to 4 years, no minimum, deposit guarantee: Sweden, up to €100,000.

12 of the 15 are covered by a national deposit guarantee scheme. The best rate you can withdraw at any time is 4.20% at Trading 212, and the best fixed term is 4.25% at Raisin. Rates are variable unless the entry says the term is fixed.

What to know if you live in Austria

Deposits are covered up to €100,000 per person per bank under the Einlagensicherungs- und Anlegerentschädigungsgesetz, and amounts above that are covered up to €500,000 for twelve months when they come from a transaction on a privately used home, a marriage or divorce, retirement, dismissal, disability or death (§12 ESAEG).

Interest on bank deposits is taxed at 25% Kapitalertragsteuer (§27a EStG). An Austrian bank, or the Austrian branch of a foreign bank such as Scalable Capital, withholds it and that settles the tax. A bank in another country with no Austrian branch withholds nothing Austrian, so you declare the interest yourself in the Beilage E 1kv that goes with your E 1 return.