6 months
1.8% (paid Annually)
Min. €5,000
1822direkt Fixed-Term Deposit: Festgeldkonto Review 2026
In a nutshell:
- The “Festgeldkonto” is a fixed-term deposit offered by 1822direkt.
- The return on the 1822direkt fixed-term deposit is dependent on the duration of the deposit. The highest interest is 2% annually for a duration of 24 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 1822direkt.
How much interest does the 1822direkt Festgeldkonto pay?
1822direkt offers the fixed-term deposit “Festgeldkonto” in 3 different terms, with annual percentage yields ranging from 1.80% to 2.00%. The highest interest is paid for the 24-month fixed-term deposit.
You can find an overview of all conditions for the 1822direkt fixed-term deposits below:
Term
Interest rate
Deposit amount
12 months
1.9% (paid Annually)
Min. €5,000
24 months
2% (paid Annually)
Min. €5,000
Who is behind 1822direkt?
1822direkt is the direct bank brand of Frankfurter Sparkasse and part of the Sparkassen‑Finanzgruppe. Founded in 1996 as an online banking arm, 1822direkt offers retail banking products under a digital-first model while relying on Frankfurter Sparkasse for its banking licence and infrastructure.
The product range focuses on everyday banking and savings: current accounts, a flexible savings account, fixed-term deposits, investment products, and consumer lending. As an online channel within the public Sparkasse network, 1822direkt combines digital ease of use with the reputation and regional backing of Germany’s savings bank group – Germany’s leading banking group in terms of customers.
How safe is my money with 1822direkt?
Legally, consumer deposits are protected under the EU and German deposit guarantee rules. Deposits at 1822direkt are protected by Germany’s statutory deposit guarantee (Entschädigungseinrichtung deutscher Banken) up to 100,000 Euro per depositor. Germany’s highest possible sovereign credit rating of AAA reflects the state’s strong capacity to meet obligations.
Additionally, as a member of the Sparkassen‑Finanzgruppe, 1822direkt customer funds are covered by the group’s institutional protection scheme, a voluntary safety mechanism for member institutes. It adds an extra layer of voluntary protection.
How can I manage the Festgeldkonto account?
Account management for the fixed-term deposit is available via 1822direkt’s online banking and mobile apps (iOS/Android). Online banking for the Festgeldkonto is only in German; the mobile app is also available in English. Users can view balances, transfer funds, and change settings in the app or web portal. Customer service is reachable by phone, via secure message in online banking, and by email.
How can I open the 1822direkt “Festgeldkonto“?
The 1822direkt fixed-term deposit can be opened online by private individuals with a residence in Germany. Minors aged 18 or younger require the approval of their parent/guardian.
The process is digital: online application, personal data entry, and identity verification (video identification, electronic ID, or personal identification at a post office). After a successful ID check, the fixed-term deposit is activated and can be used immediately.
The account holder requires a current account in the same name with 1822direkt or another bank as a reference account for payouts.
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