Deposit: currently compare best deposit accounts, 11

fixed deposit

With our fixed-term news, we keep you up to date. Regardless of whether changes in the law or interest rates, here you will learn everything that is important at the moment.


With the fixed-term guarantors, we inform you about all issues that are important to the fixed-term. You will find there, for example, a guide to the fixed interest or how to terminate a fixed-term account early.

Time deposit – the most important thing at a glance

If you value an attractive interest rate that is safe for months or years, then a time deposit is just what you need.

High interest rates:


Comfortable and easy:

Time deposit accounts generally offer a significantly better interest rate than savings accounts, for which there is virtually no interest. But also more than the call money, especially with longer maturities.

Throughout the term, interest rates are guaranteed. All banks in our comparison are subject to the legal deposit guarantee of at least 100,000 euros per person.

Open your deposit account conveniently via the Internet. In many cases this does not take longer than five minutes. To do so, fill out the corresponding application on the Internet and go to the nearest post office with the printed form to go there and carry out the so-called post-identification procedure. However, some providers also offer the so-called video-ident method. All you need is a webcam and a valid identity card or passport.

Who is worth a time deposit account for?

Time deposit is the right choice for you, though

    You are looking for offers for a short- to medium-term investment (shortest duration is one month, followed by three, six and twelve months),

You also prefer a guaranteed interest rate,

do not want to pay an account maintenance fee,

  • Expect a higher interest rate than on a savings account.
  • This is how the fixed deposit works

    Anyone who wants to increase their savings on a time deposit account faces the question: which term should I choose? Short or long term?

    The maturities offered by financial institutions range from one month to ten years. The trend is that the longer the term, the higher the interest rate. But beware: Investors who commit themselves now for several years, have the disadvantage when interest rates rise again. Many experts expect a turnaround in the second half of next year.

    Misunderstandings are always at the end of the term. Most banks do not automatically liquidate the account, but savers themselves must actively terminate their deposit account. If this termination does not take place, the fixed-term deposit often automatically extends by the previous term – at the current interest rate. This is especially annoying if the minicans could be avoided by so-called interest shopping to another provider.

    Daily, fixed and savings bonds in direct comparison

    call money fixed deposit savings bond
    Possible interest from 0 to 0.50% From 0.001 to 1.97% 0.1 to 1.97%
    investment amount 1 to unlimited 1 to unlimited 1,000 euros to unlimited
    Investment period unlimited 1 to 120 months 12 to 120 months
    safety at least 100,000 euros through the statutory deposit insurance (p&P country rating). at least 100,000 euros through the statutory deposit insurance (p&P country rating). at least 100,000 euros through the statutory deposit insurance (p&P country rating).

    Time deposit or savings certificate – where is the difference?

    At first glance, fixed deposit and savings note are identical. Both forms of investment are among the fixed-income investments, have a fixed interest rate and a fixed term. Only on closer inspection, the differences become clear.

    For term money, also called term money, the term can be individually agreed. Standardized terms of one to ten years are usual. Savings bonds, on the other hand, usually have annual maturities of between one and ten years.

    For fixed-term interest payments are made either monthly, quarterly, annually or at maturity. Savings bonds, on the other hand, offer a third payout model. In addition to the annual interest, there is the so-called discounted or discounted savings certificate. Discounted savings bonds accumulate the interest until the due date and distribute the invested capital plus interest.

    Exactly the opposite works the discounted savings letter. The expected interest and compound interest is deducted from the purchase price from the outset, so that the purchase price is well below the nominal value. On the due date you will then receive the full face value (including interest) repaid.

    Fixed-term deposit is a classic bank deposit. A savings certificate is a so-called registered bond, that is a claim to the bank. This is similar to the savings bond of a bond. Both savings and time deposits are protected by the statutory deposit insurance.

    But not every savings certificate is automatically a registered bond. Some banks, especially savings banks and cooperative banks, issue savings bonds as so-called bearer bonds. These savings bonds are not covered by the statutory deposit insurance. The capital guarantee in this case takes place via the deposit insurance funds of the savings banks or of the Volksbanken and Raiffeisenbanken. However, there is no legal claim to compensation.

    • Biallo tip: Make absolutely sure that it is not a bearer bond with a so-called subordinate agreement. If the provider from whom you have purchased the savings certificate, get into trouble, all other creditors will be compensated before you get your money as a savings bank owner.

    You should pay attention to this when selecting the fixed deposit comparison

    Fixed deposit interest rates

    The fixed interest rates are guaranteed from the first to the last day. Usually these are transferred back to the reference account together with the invested capital at maturity. For multi-year investments savers can usually decide between an annual interest or an interest payment at maturity. The former ensures a compound interest effect.

    investment amount

    While some banks already credit their interest from the first euro, there are also financial institutions that require a minimum investment. This amounts to with most offerers between 500 and 10,000 euro.

    deposit guarantee

    Customer deposits are protected by the statutory deposit insurance up to at least 100,000 euros per person. This protection applies throughout the European Union, including banks from Croatia, Romania or Bulgaria. However, investors need to remember that the particular deposit guarantee is only as secure as the state that guarantees it. It is doubtful whether states like Romania or Bulgaria are in a position to make a financial contribution to a bank failure.

    Therefore, in the default setting in our comparisons, only providers from solvent states (at least high credit rating or rating) emerge "AA-"). In doing so, we are guided by the credit rating of the renowned rating agency Standard & Poor’s. How high is the deposit guarantee and from which state it is guaranteed, see our deposit comparison.

    • Biallo tip: Those who invest amounts of more than 100,000 euros safely, should share his money and distribute it to several banks.

    In addition, we took a closer look at the countries and banks where you can create overnight deposits and fixed deposits:

    Investment period

    Anyone who invests in fixed-term deposits must commit themselves: should the savings remain in the bank account for six months, two years or even ten years? Getting his money in advance is usually not possible or costs are incurred. In return, savers receive fixed interest. From the first to the last day of the term, the interest rate can not fall – but not rise.

    What speaks for long term deposits?

    The longer the term of the fixed-term deposit, the higher the interest usually will be. In the current low-interest-rate phase, savers are usually happy when they can collect more than one percent interest. With long maturities, you can earn almost two percent interest. This has the saver for sure.

    The bank must not reduce the interest rate – even if the general interest rate, which is hardly conceivable, should continue to fall. The saver needs to take care of nothing during the term, his money works for him.

    What speaks for short term terms?

    The disadvantage of long maturities, however, is that savers can not benefit from a general rise in interest rates. Even if the European Central Bank postpones the interest rate turnaround, it must be assumed that it will eventually come and interest rates rise again.

    Here score short terms. Savers get back their money faster and can invest in better interest-bearing assets. In contrast, interest rates are usually lower for short maturities.

    Find the right duration

    Sometimes, the appropriate term will be self-evident. If, for example, you would like to use your just paid performance premium to undertake a long-distance trip in the coming year, you will have to choose a one-year term. But not always the duration results from the circumstances. In other areas of life, the middle ground is often the best. This is only partially valid for fixed deposits. Because even a medium term of four to five years, can be a long time, if in the coming year, in fact, a general interest rate rise should come. currently recommends a maximum term of two years. A compromise can be to combine different maturities. For example, who divides the investment amount by three and divides it into one, two and three years, has a bit of everything: flexibility and slightly higher interest rates.

    In order to find the individually matching term of the term, you should ask yourself the following questions:

    • Do I need my money at a certain time??
    • How do I estimate the development of interest rates??
    • Am I willing to invest more time in investing to split my investment and invest regularly freed amounts into new high-yield offers?

    What runtimes are there?

    The Biallo deposit comparison helps you to find attractive fixed-term offers. It has terms of one month to ten years. The following guidebooks provide an overview of the different maturities, the average interest rates and current top offers:

    Early availability

    Normally, investors can not cancel the term deposit early. However, the legislature has left a loophole in case investors are in dire straits and urgently need access to the term money. According to Section 314 of the Civil Code (BGB), the law exists, "for good cause without notice" to reclaim the money. Important reasons may be the death of the account holder, unemployment or bankruptcy of the bank.

    • Important: The early account closure has its price. Frequently, money houses completely cancel the credit interest. Depending on the bank, cancellation, administration or processing fees are at risk. Investors should be aware of the bank’s termination policy in advance.

    opening premiums

    Opening bonuses, as for overnight money offers for new customers, there is not the fixed deposit.

    Deposit comparison – three minutes worth it

    In the current interest rate environment, it is not easy to generate above-average returns. Only those who thoroughly compare in times of low and penalty interest, can now receive a comparatively attractive interest. Use the fixed-term comparison of and take a closer look at the conditions of the different providers.

    Our fixed deposit comparison offers you all relevant data at a glance. Do you think …? Find:

      Suppliers, ie banks and savings banks but also insurance companies

    Interest income – that is the yield per year, which results from the credit interest

    Interest rate – the fixed interest over the agreed term

    Country of origin of the respective provider and the credit rating of Standard Poor’s (p&P) – so you can be sure that your time deposit is safe even in a crisis

    Evaluation of the account model by our fixed term test

  • Product details – these provide you with the most important information at a glance (about deposit insurance, minimum investment, etc.)
  • Product details in our deposit comparison

    • The amount of the deposit guarantee in Euro per person
    • The rating of the respective deposit insurance by the rating agency S&P
    • The number of interest payments per year – so you can quickly find out if you benefit from the compound interest effect.
    • You will find information about who is allowed to open the time deposit account: only private individuals or companies or freelancers.
    • We provide you with information on whether a telephone account management is possible.
    • In the product details you will also find the contact details of the bank
    • In addition, you will receive a portrait of the bank to let you know where you invest your money
    • Reader comments / customer experiences will also help you to get an idea of ​​the offer

    Fixed term: Comparison of the best time deposit accounts

    How recommendable a time deposit is depends not only on the amount of interest. Also important is the deposit insurance of the respective country, because it has to step in in case of a banking crisis.

    We currently recommend to invest a maximum of three years. Although the ECB has postponed the turnaround until further notice. However, investors should not shoot their entire ammunition to stay flexible if the ECB raises key rates earlier than expected.

    Our recommendations are therefore a mix of attractive interest rates, high security and reasonable maturity and an investment of, for example, 10,000 euros:

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    Christina Cherry
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