12 months
2.3% (paid Annually)
Min. €5,000
Max. €250,000
Max. €250,000
Grenke Bank Fixed-Term Deposit: Festgeld - raisin Review 2026
In a nutshell:
- The “Festgeld - raisin” is a fixed-term deposit offered by Grenke Bank.
- The return on the Grenke Bank fixed-term deposit is dependent on the duration of the deposit. The highest interest is 2.3% annually for a duration of 12 months.
- Savings are protected under the national deposit insurance scheme of Germany.
Find all the details and rates below in our frequently asked questions on the fixed-term deposit by Grenke Bank.
How much interest does the Grenke Bank Festgeld - raisin pay?
Grenke Bank offers the fixed-term deposit “Festgeld - raisin” with an annual percentage yield of 2.30% and a term of 12 months.
In comparison, the top Festgeld high-yield savings accounts are currently offered by Raiffeisenbank Wittelsbacher Land (3.33% for 6 months) and Rediem Capital AB (3.25% for 120 months).
You can find an overview of all conditions for the Grenke Bank Grenke Bank fixed-term deposits in the following table:
Term
Interest rate
Deposit amount
Who is behind Grenke Bank?
Grenke Bank got its name after the takeover of Hesse Newman & Co., a private bank with a history dating back to 1777. It belongs to Grenke AG, which is a German financial services company that offers leasing, financing, and savings products through its subsidiaries. While historically known for leasing and SME financing, Grenke also provides deposit products to retail customers through its banking arm.
Grenke positions itself as a flexible financial partner that combines traditional banking with modern digital tools, a focus on simplicity, and competitive conditions.
How safe is my money with Grenke Bank?
Deposits at Grenke are protected by Germany’s statutory deposit guarantee scheme (Entschädigungseinrichtung deutscher Banken) up to 100,000 euros per depositor and per institution, in accordance with EU law. Germany’s sovereign credit rating remains strong (at AAA), reflecting a stable economic and financial environment that supports confidence in the banking system and deposit protection.
Grenke Bank AG is also a member of the Deposit Protection Fund of the Association of German Banks (Bundesverband deutscher Banken e. V.), which secures deposits above the legally protected threshold.
See all Festgeld options
Check our complete list of time money and easily calculate your possible return.
How can I manage the Festgeld - raisin account?
Your Grenke Bank 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 Grenke Bank ’s own systems or require additional apps or credentials for any administrative steps related to the fixed-term deposit.
How can I open the Grenke Bank “Festgeld - raisin“?
Opening the "Festgeld - raisin" fixed-term deposit with Grenke Bank 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 Grenke Bank'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 Grenke Bank. The desired amount will automatically be transferred from your Raisin reference account to Grenke Bank.
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