3 months
2.2% (paid Annually)
Min. €100
Max. €500,000
Max. €500,000
Bank of Scotland Fixed-Term Deposit: Festgeldkonto Review 2026
In a nutshell:
- The “Festgeldkonto” is a fixed-term deposit offered by Bank of Scotland.
- The return on the Bank of Scotland fixed-term deposit is dependent on the duration of the deposit. The highest interest is 2.3% annually for a duration of 6 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 Bank of Scotland.
How much interest does the Bank of Scotland Festgeldkonto pay?
Bank of Scotland offers the fixed-term deposit “Festgeldkonto” in 5 different terms, with annual percentage yields ranging from 2.00% to 2.30%. The highest interest is paid for the 6-month fixed-term deposit.
You can find an overview of all conditions for the Bank of Scotland fixed-term deposits below:
Term
Interest rate
Deposit amount
6 months
2.3% (paid Annually)
Min. €100
Max. €500,000
Max. €500,000
9 months
2% (paid Annually)
Min. €100
Max. €500,000
Max. €500,000
12 months
2% (paid Annually)
Min. €100
Max. €500,000
Max. €500,000
24 months
2% (paid Annually)
Min. €100
Max. €500,000
Max. €500,000
Who is behind Bank of Scotland?
Bank of Scotland is part of Lloyds Banking Group and operates across the UK as a retail and commercial bank. Founded in 1695, it has a long history and provides current accounts, savings, and mortgage products. In Germany and Europe, the Bank of Scotland brand appears via specific product partnerships or online offerings, sometimes targeted at cross-border customers.
How safe is my money with Bank of Scotland?
For any Bank of Scotland product offered in Germany or the EU, local legal frameworks apply. The German Lloyds Bank GmbH participates in the national deposit insurance scheme (Entschädigungseinrichtung deutscher Banken), which provides up to 100,000 euros per client. Germany holds the top AAA sovereign credit rating.
How can I manage the Festgeldkonto account?
Bank of Scotland account management in Germany is entirely online. To access the fixed-term deposit, you can only use a web interface. There is no mobile application. However, you can use secure messaging via the online banking and the hotline for any inquiries regarding the Festgeldkonto.
How can I open the Bank of Scotland “Festgeldkonto“?
Opening a Bank of Scotland fixed-term deposit in Germany requires German residency, and account openers must be at least 18 years old. You also must have a German mobile phone number and a valid e-mail address. You can confirm your identity entirely online by VideoIdent or in person at a Deutsche Post office. The Festgeldkonto account is available within 48 hours after completing the identification process.
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