Western Union International Bank Fixed-Term Deposit: Festgeld - raisin Review 2026
In a nutshell:
- The “Festgeld - raisin” is a fixed-term deposit offered by Western Union International Bank.
- The return on the Western Union International Bank fixed-term deposit is dependent on the duration of the deposit. The highest interest is % annually for a duration of months.
- Savings are protected under the national deposit insurance scheme of Austria.
Find all the details and rates below in our frequently asked questions on the fixed-term deposit by Western Union International Bank.
How much interest does the Western Union International Bank Festgeld - raisin pay?
Western Union International Bank offers the fixed-term deposit “Festgeld - raisin”
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 Western Union International Bank Western Union International Bank fixed-term deposits in the following table:
Term
Interest rate
Deposit amount
Who is behind Western Union International Bank?
Western Union is a U.S.-based provider of international money transfers with a history dating back to 1851. The corporation is listed on the New York Stock Exchange and in the S&P 500 Index.
Western Union International Bank (WUIB) acts as an independent agent within the global Western Union network. It has offered payment solutions in 16 countries across the European Economic Area to individuals and businesses since October 2004. WUIB is regulated by the Austrian Financial Market Authority.
How safe is my money with Western Union International Bank?
Western Union International Bank is regulated by the Austrian deposit protection scheme, AUSTRIA Ges.m.b.H. Deposits held are protected up to a current equivalent of 100,000 euros. This is in line with overall EU regulation. Austria’s credit rating is AA+.
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How can I manage the Festgeld - raisin account?
Your Western Union International 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 Western Union International 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 Western Union International Bank “Festgeld - raisin“?
Opening the "Festgeld - raisin" fixed-term deposit with Western Union International 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 Western Union International 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 Western Union International Bank. The desired amount will automatically be transferred from your Raisin reference account to Western Union International Bank.
About the Author
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