Best Savings Accounts in Germany
Investing in Savings Accounts is a key strategy for Germany residents looking to protect their savings. Currently, the European Central Bank (ECB) maintains the €STR rate at a level that significantly impacts many fixed-income products across the eurozone.
With an annual inflation rate of approximately 2.0% in Germany, finding yields that provide a positive real return after taxes of 26.4% is crucial for maintaining your long-term purchasing power.
Savings Accounts Yields in Germany
| Type | Institution / Product | Gross Yield | After Tax | Real Yield | Status | Details |
|---|---|---|---|---|---|---|
| Savings Accounts | Deutsche Bank Depósito Confianza (12M)DE | 2.94% | 2.16% | +0.16% | Beats Inflation | 12-month term, €10k-€300k, bonuses for nómina + card |
| Savings Accounts | TF Bank Flexible (Promo 4M)DE | 2.73% | 2.01% | +0.01% | Beats Inflation | First 4 months promo, then 1.45%, monthly interest |
| Savings Accounts | Consorsbank Fixed 24MDE | 2.73% | 2.01% | +0.01% | Beats Inflation | 24-month term, €500-€100k, compound quarterly |
| Savings Accounts | Ayvens Bank (DE)DE | 2.48% | 1.83% | -0.17% | Loses to Inflation | French fleet mgmt. bank, usually highest DE rate, self-tax filing |
| Savings Accounts | Volkswagen Bank (12M)DE | 2.48% | 1.83% | -0.17% | Loses to Inflation | 12-month term deposit via Raisin |
| Savings Accounts | Comdirect Tagesgeld PLUS (6M)DE | 2.44% | 1.79% | -0.21% | Loses to Inflation | First 6 months promo, then 0.75%, quarterly interest |
| Savings Accounts | Bunq Easy Savings (Weekly)DE | 2.19% | 1.62% | -0.38% | Loses to Inflation | Weekly compound, higher balances get 2.26%, base 1.51% |
| Savings Accounts | Trading 212 Flexible SavingsDE | 2.14% | 1.57% | -0.43% | Loses to Inflation | UK fintech, investor protection ~€20k, instant access |
| Savings Accounts | Trade Republic Cash AccountDE | 1.96% | 1.44% | -0.56% | Loses to Inflation | Instant access, tracks ECB rate, up to €50k |
| Savings Accounts | N26 Savings AccountDE | 1.94% | 1.42% | -0.58% | Loses to Inflation | Metal plan only (€16.90/mo), instant access |
| Savings Accounts | BBVA Germany Variable (Q1 2026)DE | 1.94% | 1.42% | -0.58% | Loses to Inflation | Up to €500k, free account, variable quarterly rate |
| Savings Accounts | N26 Metal SavingsDE | 1.94% | 1.42% | -0.58% | Loses to Inflation | Requires Metal plan (€16.90/mo), instant access, ECB-linked |
| Savings Accounts | Lightyear Cash AccountDE | 1.84% | 1.36% | -0.64% | Loses to Inflation | Estonian broker, monthly interest, no limit |
| Savings Accounts | Revolut Savings VaultEU | 1.79% | 1.31% | -0.69% | Loses to Inflation | Premium/Metal plans, instant access, up to €100k |
| Savings Accounts | C24 Smart AccountDE | 1.74% | 1.28% | -0.72% | Loses to Inflation | Instant access, German neobank, monthly interest |
| Savings Accounts | Openbank Cuenta NóminaDE | 1.74% | 1.28% | -0.72% | Loses to Inflation | Santander subsidiary, salary required, instant access |
| Savings Accounts | Klarna Savings AccountDE | 1.69% | 1.24% | -0.76% | Loses to Inflation | Swedish fintech, instant access, monthly interest |
| Savings Accounts | Bunq EasyBank SavingsDE | 1.50% | 1.10% | -0.90% | Loses to Inflation | Instant access, Dutch deposit guarantee, monthly interest |
| Savings Accounts | ING Extra Account (3M)DE | 1.44% | 1.06% | -0.94% | Loses to Inflation | First 3 months promo, then 1.25%, instant access |