3 months
0.7% (paid Annually)
Min. €5,000
Max. €95,000
Max. €95,000
PayRay Fixed-Term Deposit: Festgeld - raisin Review 2026
In a nutshell:
- The “Festgeld - raisin” is a fixed-term deposit offered by PayRay.
- The return on the PayRay fixed-term deposit is dependent on the duration of the deposit. The highest interest is 0.7% annually for a duration of 6 months.
- Savings are protected under the national deposit insurance scheme of Lithuania.
Find all the details and rates below in our frequently asked questions on the fixed-term deposit by PayRay.
How much interest does the PayRay Festgeld - raisin pay?
PayRay offers the fixed-term deposit “Festgeld - raisin” in 9 different terms, with an annual percentage yield of 0.70% on all their deposits.
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 PayRay PayRay fixed-term deposits in the following table:
Term
Interest rate
Deposit amount
6 months
0.7% (paid Annually)
Min. €5,000
Max. €95,000
Max. €95,000
9 months
0.7% (paid Annually)
Min. €5,000
Max. €95,000
Max. €95,000
12 months
0.7% (paid Annually)
Min. €5,000
Max. €95,000
Max. €95,000
18 months
0.7% (paid Annually)
Min. €5,000
Max. €95,000
Max. €95,000
24 months
0.7% (paid Annually)
Min. €5,000
Max. €95,000
Max. €95,000
36 months
0.7% (paid Annually)
Min. €5,000
Max. €95,000
Max. €95,000
48 months
0.7% (paid Annually)
Min. €5,000
Max. €95,000
Max. €95,000
60 months
0.7% (paid Annually)
Min. €5,000
Max. €95,000
Max. €95,000
Who is behind PayRay?
PayRay Bank, headquartered in Vilnius, Lithuania, was founded in 2018. It received a banking license from the European Central Bank in 2019.
The bank primarily offers financing services to corporate clients and focuses on lending to small and medium-sized enterprises (SMEs).
How safe is my money with PayRay?
Deposits with PayRay are protected through the Lithuanian statutory deposit guarantee scheme (Deposit and Investment Insurance), which guarantees eligible deposits up to 100,000 euros per depositor and bank in alignment with EU law. Lithuania’s sovereign credit environment is regarded as stable (A).
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 PayRay 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 PayRay ’s own systems or require additional apps or credentials for any administrative steps related to the fixed-term deposit.
How can I open the PayRay “Festgeld - raisin“?
Opening the "Festgeld - raisin" fixed-term deposit with PayRay 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 PayRay'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 PayRay. The desired amount will automatically be transferred from your Raisin reference account to PayRay.
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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