12 months
2.4% (paid Annually)
Min. €2,000
Max. €100,000
Max. €100,000
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CBL Bank for Expats in Germany
The fixed deposit by CBL Bank is available with various maturities and offers a maximum interest rate of 2.4% with a 12-month term to eligible residents in Germany.
CBL Bank Festgeld - raisin at a Glance
Account type: Festgeld / fixed deposit
Deposit insurance: Latvia (up to €100,000 per customer)
Term
Interest rate
Deposit amount
Who is behind CBL Bank?
CBL Bank, operating under the Citadele brand, is one of the leading banking groups in the Baltic region. It has been serving customers in Latvia, Lithuania, and Estonia since 2010. As of 2025, CBL Bank is the fourth-largest bank in Latvia by assets and ranks among the six largest banks in the Baltics.
CBL Bank offers a wide range of financial services to individuals, SMEs, and corporate clients throughout the region. It puts a special emphasis on customer-centricity and digital innovation.
How safe is my money with CBL Bank?
Deposits at CBL Bank are safeguarded by the statutory deposit-insurance scheme of Latvia, the Deposit Guarantee Fund of Latvia, which protects up to 100,000 euros per depositor per bank. Latvia's A+ credit rating reflects the country's financial stability.
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Best interest rates for Festgeld in Germany in August 2026
How can I manage the Festgeld - raisin account?
Your 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 ’s own systems or require additional apps or credentials for any administrative steps related to the fixed-term deposit.
How can I open the CBL Bank “Festgeld - raisin“?
Opening the "Festgeld - raisin" fixed-term deposit with 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 '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 . The desired amount will automatically be transferred from your Raisin reference account to .
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This content is for general information only and does not constitute personalized financial advice or a recommendation to use any particular product or provider. Product features, rates, fees, eligibility requirements, and terms can change. Please conduct your own research and seek independent professional advice where appropriate. Always verify the current terms with the provider before applying or opening an account.
