Best savings accounts in Germany

Checked on 28 September 2026. 16 savings accounts, term deposits and money market funds from 14 providers accept someone resident in Germany. 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.
• Bigbank, Festgeld at 3.50%, fixed term, up to 2 years, from €1,000, deposit guarantee: Estonia, up to €100,000.

13 of the 16 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 Germany

Money in a German bank is covered up to €100,000 per person per bank by the statutory scheme, run for private banks by the Entschädigungseinrichtung deutscher Banken. For six months after a life event such as a property sale, a divorce or an inheritance, that cover rises to €500,000 (BaFin).

Interest is taxed at a flat 25% (§32d EStG) plus the 5.5% solidarity surcharge (§4 SolzG), so 26.375% in practice, and church tax on top if you pay it. The first €1,000 of investment income is free of it, €2,000 for jointly assessed couples, under the Sparer-Pauschbetrag (§20(9) EStG). A German bank applies that allowance for you once you file a Freistellungsauftrag. A bank in another country withholds nothing, so you declare the interest yourself in Anlage KAP.