3 months
2% (paid Annually)
Min. €10,000
Max. €100,000
Max. €100,000
novobanco Fixed-Term Deposit: Festgeld - raisin Review 2026
In a nutshell:
- The “Festgeld - raisin” is a fixed-term deposit offered by novobanco.
- The return on the novobanco fixed-term deposit is dependent on the duration of the deposit. The highest interest is 2.05% annually for a duration of 6 months.
- Savings are protected under the national deposit insurance scheme of Portugal.
Find all the details and rates below in our frequently asked questions on the fixed-term deposit by novobanco.
How much interest does the novobanco Festgeld - raisin pay?
novobanco offers the fixed-term deposit “Festgeld - raisin” in 4 different terms, with annual percentage yields ranging from 2.00% to 2.05%. The highest interest is paid for the 6-month fixed-term deposit.
You can find an overview of all conditions for the novobanco fixed-term deposits below:
Term
Interest rate
Deposit amount
6 months
2.05% (paid Annually)
Min. €10,000
Max. €100,000
Max. €100,000
9 months
2% (paid Annually)
Min. €10,000
Max. €100,000
Max. €100,000
12 months
2% (paid Annually)
Min. €10,000
Max. €100,000
Max. €100,000
Who is behind novobanco?
novobanco is one of the largest banks in Portugal, with around 300 branches and 20 corporate centers in 2023. Headquartered in Lisbon, novobanco universal bank was formed in 2014 from Banco Espírito Santo S.A. (BES), which was founded in 1869.
As part of its business model, novobanco focuses on traditional banking products, lending, and insurance solutions for businesses and private customers. In addition, novobanco bases its actions on the principles of sustainability in order to make a positive contribution to the entire ecosystem in which it operates. In line with ESG (environmental, social, and governance) guidelines, novobanco reduces its direct impact on the environment and is committed to emöployee well-being.
How safe is my money with novobanco?
Deposits with novobanco are protected under the Portuguese statutory deposit guarantee scheme (Fundo de Garantia de Depósitos), which safeguards eligible deposits up to 100,000 euros per depositor and institution in line with EU law. Portugal’s sovereign credit rating is generally investment-grade (A+), indicating a stable regulatory environment for banking customers.
How can I manage the Festgeld - raisin account?
Your novobanco fixed-term deposit is managed entirely through the Raisin online platform. You can view balances, initiate transfers, and download documents via the Raisin web interface or the Raisin mobile app for iOS and Android.
The web interface and applications are available in German, English, Finnish, French, Dutch, Polish, and Spanish. Customer service is provided in local languages via secure messaging in the online banking and by phone. Since the account is operated through Raisin, you are not dependent on novobanco ’s own systems or require additional apps or credentials for any administrative steps related to the fixed-term deposit.
How can I open the novobanco “Festgeld - raisin“?
Opening the "Festgeld - raisin" fixed-term deposit with novobanco is done fully online via the interest marketplace Raisin.
Raisin is based in Berlin, Germany. Using the marketplace, you only need to register once and can then open several savings options, such as a novobanco's fixed-term deposit, across Europe and the globe within minutes. The Raisin platform is available to adults residing in Germany, Austria, France, Ireland, the Netherlands, Poland, Spain, the United Kingdom, and the United States. However, product offerings may vary by country.
You require a valid ID or passport to complete the identification procedure. In Germany, it can either be performed online via VideoIdent or in person at a post office branch (PostIdent). Once complete, you will get a reference account with Frankfurt-based Raisin Bank to which you shall connect your personal German current account. Afterwards, you can open the fixed-term deposit with novobanco. The desired amount will automatically be transferred from your Raisin reference account to novobanco.
About the Author
Disclaimer: This blog and providing support are my passion and hobby. However, I do not intend to provide financial advice. All investments involve risks of loss. This post is non-binding, for informational purposes only, and does not represent a complete market overview. I do not take responsibility for the accuracy and up-to-dateness of the data (§18 ZKG).
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