6 months
0.5% (paid Annually)
Min. €5,000
Max. €500,000
Max. €500,000
Grenke Bank Fixed-Term Deposit: Grenke Bank Festgeld Review 2026
In a nutshell:
- The “Grenke Bank Festgeld” is a fixed-term deposit offered by Grenke Bank.
- The return on the Grenke Bank fixed-term deposit is dependent on the duration of the deposit. The highest interest is 2.75% annually for a duration of 60 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 Grenke Bank.
How much interest does the Grenke Bank Grenke Bank Festgeld pay?
Grenke Bank offers the fixed-term deposit “Grenke Bank Festgeld” in 7 different terms, with annual percentage yields ranging from 0.50% to 2.75%. The highest interest is paid for the 60-month fixed-term deposit.
You can find an overview of all conditions for the Grenke Bank fixed-term deposits below:
Term
Interest rate
Deposit amount
12 months
2.4% (paid Annually)
Min. €5,000
Max. €500,000
Max. €500,000
18 months
2.5% (paid Annually)
Min. €5,000
Max. €500,000
Max. €500,000
24 months
2.6% (paid Annually)
Min. €5,000
Max. €500,000
Max. €500,000
36 months
2.65% (paid Annually)
Min. €5,000
Max. €500,000
Max. €500,000
48 months
2.7% (paid Annually)
Min. €5,000
Max. €500,000
Max. €500,000
60 months
2.75% (paid Annually)
Min. €5,000
Max. €500,000
Max. €500,000
Who is behind Grenke Bank?
Grenke Bank got its name after the takeover of Hesse Newman & Co., a private bank with a history dating back to 1777. It belongs to Grenke AG, which is a German financial services company that offers leasing, financing, and savings products through its subsidiaries. While historically known for leasing and SME financing, Grenke also provides deposit products to retail customers through its banking arm. Grenke positions itself as a flexible financial partner that combines traditional banking with modern digital tools, a focus on simplicity, and competitive conditions.
How safe is my money with Grenke Bank?
Deposits at Grenke are protected by Germany’s statutory deposit guarantee scheme (Entschädigungseinrichtung deutscher Banken) up to 100,000 euros per depositor and per institution, in accordance with EU law. Germany’s sovereign credit rating remains strong (at AAA), reflecting a stable economic and financial environment that supports confidence in the banking system and deposit protection.
Grenke Bank AG is also a member of the Deposit Protection Fund of the Association of German Banks (Bundesverband deutscher Banken e. V.), which secures deposits above the legally protected threshold.
How can I manage the Grenke Bank Festgeld account?
The Grenke Bank Festgeld at Grenke is managed through the bank’s online banking platform, which allows you to view balances, track earned interest, and initiate transfers to your linked reference account, start new investments, and more. It is in German. Such is also the customer service available via telephone and email.
How can I open the Grenke Bank “Grenke Bank Festgeld“?
To open the "Grenke Bank Festgeld" at Grenke, you apply online via the bank’s website. Prospective savers must generally be at least 18 years old and often must have German residency. You also require a current account with a German bank (IBAN starting with DE) as a reference account. This account is used to transfer funds to and from the Grenke fixed-term deposit.
The onboarding process includes entering your personal details and completing identity verification, which you can perform online via webcam (VideoIdent) or at a post office branch (PostIdent). You require a valid ID or passport.
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