12 months
2.4% (paid Annually)
Min. €2,000
Max. €100,000
Max. €100,000
CBL Bank Fixed-Term Deposit: Festgeld - raisin Review 2026
In a nutshell:
- The “Festgeld - raisin” is a fixed-term deposit offered by CBL Bank.
- The return on the CBL Bank fixed-term deposit is dependent on the duration of the deposit. The highest interest is 2.4% annually for a duration of 12 months.
- Savings are protected under the national deposit insurance scheme of Latvia.
Find all the details and rates below in our frequently asked questions on the fixed-term deposit by CBL Bank.
How much interest does the CBL Bank Festgeld - raisin pay?
CBL Bank offers the fixed-term deposit “Festgeld - raisin” with an annual percentage yield of 2.40% and a term of 12 months.
In comparison, the top Festgeld high-yield savings accounts are currently offered by J&T Direktbank (3.5% for 120 months) and Raiffeisenbank Wittelsbacher Land (3.33% for 6 months).
You can find an overview of all conditions for the CBL Bank CBL Bank fixed-term deposits in the following table:
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.
See all fixed-term deposits
Check our complete list of time money and easily calculate your possible return.
Best interest rates for Festgeld in Germany in April 2026
How can I manage the Festgeld - raisin account?
Your CBL 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 CBL 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 CBL Bank “Festgeld - raisin“?
Opening the "Festgeld - raisin" fixed-term deposit with CBL 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 CBL 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 CBL Bank. The desired amount will automatically be transferred from your Raisin reference account to CBL Bank.
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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