Otto M. Schröder Bank Fixed-Term Deposit: Festgeld - raisin Review 2026
In a nutshell:
- The “Festgeld - raisin” is a fixed-term deposit offered by Otto M. Schröder Bank.
- The return on the Otto M. Schröder Bank fixed-term deposit is dependent on the duration of the deposit. The highest interest is % annually for a duration of 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 Otto M. Schröder Bank.
How much interest does the Otto M. Schröder Bank Festgeld - raisin pay?
Otto M. Schröder Bank offers the fixed-term deposit “Festgeld - raisin”
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 Otto M. Schröder Bank Otto M. Schröder Bank fixed-term deposits in the following table:
Term
Interest rate
Deposit amount
Who is behind Otto M. Schröder Bank?
Otto M. Schröder Bank AG was founded in 1932 and has its headquarters in Hamburg. The private bank has been family-owned for three generations.
Otto M. Schröder Bank offers personalized wealth management and advisory services to private clients, foundations, and institutions. Interim financing for residential real estate in Hamburg, Berlin, and on the island of Sylt is also part of the range of services.
How safe is my money with Otto M. Schröder Bank?
Deposits with Otto M. Schröder Bank are protected under the statutory deposit insurance scheme of Germany (Entschädigungseinrichtung deutscher Banken). It covers up to 100,000 euros per depositor and institution based on EU deposit-guarantee rules. Germany’s sovereign credit rating is at the top (AAA).
In addition to the statutory guarantee, Otto M. Schröder Bank participates in the voluntary deposit protection fund of the Association of German Banks (Bundesverband deutscher Banken e.V.). It extends coverage above the statutory limits.
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 Otto M. Schröder 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 Otto M. Schröder 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 Otto M. Schröder Bank “Festgeld - raisin“?
Opening the "Festgeld - raisin" fixed-term deposit with Otto M. Schröder 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 Otto M. Schröder 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 Otto M. Schröder Bank. The desired amount will automatically be transferred from your Raisin reference account to Otto M. Schröder Bank.
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