Saving money in Germany is finally rewarding again. With interest rates slowly rising, many expats and newcomers are wondering: where should I put my savings to get the best return?
In this guide, we break down the best savings interest rates in Germany as of 2025, compare different account types, and help you pick the right fit for your financial goals.
💶 Current Savings Account Rates in Germany (2025)
As of mid-2025, savings interest rates in Germany range from 1.5% to 3.6% depending on the provider and account type. Here’s a quick comparison of popular banks and their rates:
| Bank | Type | Interest Rate (p.a.) | Notes |
|---|---|---|---|
| Renault Bank Direkt | Tagesgeld | Up to 3.6% | Online-only, flexible access |
| pbb Direkt | Festgeld (1 yr) | Up to 3.5% | Fixed term, higher returns |
| N26 (via Raisin) | Tagesgeld | Up to 3.0% | Partner offers, seamless app experience |
| ING Germany | Tagesgeld | Up to 2.5% | Attractive welcome rates for new users |
| Comdirect | Tagesgeld | ~1.85% | No minimum deposit, reliable online bank |
| Commerzbank | Tagesgeld | ~1.75–2.00% | Traditional banking with in-branch support |
🔍 Tip: New customer rates are often higher for a limited time. Be sure to check if and when they change.
🏦 Types of Savings Accounts in Germany
Understanding the two main types of savings accounts will help you decide:
1. Tagesgeld (Instant Access Savings)
- Variable interest rates
- Withdraw money anytime
- Ideal for emergency funds or flexible saving
2. Festgeld (Fixed-Term Savings)
- Higher, fixed interest for 6–60 months
- No access during the term
- Best for mid- to long-term savings
🌍 What Expats Should Know
- Language barrier: Some banks operate only in German, while others (like N26 and Comdirect) offer English-friendly platforms.
- Deposit protection: All banks listed are covered by the EU deposit guarantee of up to €100,000 per person.
- Documents needed: Passport, proof of address (Meldebescheinigung), and occasionally a Schufa check (credit check) for identification.
📊 How to Compare Offers
When choosing the right savings account, consider:
- Interest rate (APY)
- Introductory offers vs ongoing rates
- Fees or hidden conditions
- Minimum deposit requirements
- Ease of access and app usability
💡 Finxpat Tip: Sometimes, a slightly lower rate from a user-friendly and stable bank is better than a flashy short-term offer.
🤝 Need Help Navigating German Savings Accounts?
Setting up your savings in a new country — and a new language — can be confusing. That’s where Finxpat comes in.
We help internationals and expats like you understand the financial system in Germany, make smart choices, and grow your money confidently.
👉 Need advice or help opening a high-yield savings account?
Get in touch with us today.
✅ In Summary
- 2025 savings interest rates in Germany range from 1.5% to 3.6%
- Tagesgeld = flexible, Festgeld = higher returns
- Top offers include Renault Bank, pbb Direkt, Comdirect, and N26
- Always compare terms and check deposit protection
- Finxpat supports you in making confident financial decisions in Germany
