12 months
2.2% (paid Annually)
Min. €20,000
Max. €100,000
Max. €100,000
Cherry Bank Fixed-Term Deposit: Festgeld - raisin Review 2026
In a nutshell:
- The “Festgeld - raisin” is a fixed-term deposit offered by Cherry Bank.
- The return on the Cherry Bank fixed-term deposit is dependent on the duration of the deposit. The highest interest is 2.4% annually for a duration of 60 months.
- Savings are protected under the national deposit insurance scheme of Italy.
Find all the details and rates below in our frequently asked questions on the fixed-term deposit by Cherry Bank.
How much interest does the Cherry Bank Festgeld - raisin pay?
Cherry Bank offers the fixed-term deposit “Festgeld - raisin” in 8 different terms, with annual percentage yields ranging from 2.20% to 2.40%. The highest interest is paid for the 96-month fixed-term deposit.
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 Cherry Bank Cherry Bank fixed-term deposits in the following table:
Term
Interest rate
Deposit amount
24 months
2.2% (paid Annually)
Min. €20,000
Max. €100,000
Max. €100,000
36 months
2.2% (paid Annually)
Min. €20,000
Max. €100,000
Max. €100,000
48 months
2.2% (paid Annually)
Min. €20,000
Max. €100,000
Max. €100,000
60 months
2.4% (paid Annually)
Min. €20,000
Max. €100,000
Max. €100,000
72 months
2.4% (paid Annually)
Min. €20,000
Max. €100,000
Max. €100,000
84 months
2.4% (paid Annually)
Min. €20,000
Max. €100,000
Max. €100,000
96 months
2.4% (paid Annually)
Min. €20,000
Max. €100,000
Max. €100,000
Who is behind Cherry Bank?
Today's Cherry Bank S.p.A. resulted from the 2021 merger of Cherry106 S.p.A. and Banco delle Tre Venezie S.p.A. In addition to its headquarters in Padua, Italy, the bank has other branches in the Veneto region.
Cherry Bank offers a broad range of services to families, businesses, and entrepreneurs. This includes granting business loans, purchasing and managing non-performing loans, and acquiring tax credits. It also offers direct digital banking and wealth management services to private individuals.
How safe is my money with Cherry Bank?
Savings deposited with Cherry Bank fall under the Italian deposit guarantee scheme (Fondo Interbancario di Tutela dei Depositi), which secures up to 100,000 euros per customer in accordance with EU regulations. Italy's investment-grade sovereign credit rating is BBB+, showing stable risk levels.
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 Cherry 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 Cherry 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 Cherry Bank “Festgeld - raisin“?
Opening the "Festgeld - raisin" fixed-term deposit with Cherry 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 Cherry 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 Cherry Bank. The desired amount will automatically be transferred from your Raisin reference account to Cherry 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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