What is Term Deposit (Festgeld)?

A fixed-term, fixed-rate deposit with guaranteed payout at maturity.

What is Festgeld?

Festgeld is a fixed-term deposit with a fixed interest rate.

You place your savings for a chosen term (e.g., 6–36 months) at a fixed rate. Interest is typically paid at maturity. No fluctuations, no surprises — simple, secure, and predictable.

  • No stock market volatility
  • Fixed and predictable return
  • Protected by deposit guarantee
  • Simple and transparent saving method

How does it work?

  1. Choose a bank and the desired term.
  2. Deposit the agreed amount.
  3. Funds remain locked for the selected term.
  4. At maturity, you receive principal plus interest.

Terms may vary depending on the bank and jurisdiction.

Key benefits

Deposit protection

Covered by statutory deposit guarantee schemes (usually up to €100,000 per person, per bank within the EU).

Fixed interest

Know your return upfront — stable and predictable.

Transparent comparison

Easily compare banks, terms, currencies, and conditions.

Risks & considerations

Limited liquidity

Money is fixed for the chosen term; early withdrawal is usually not allowed or penalized.

Inflation risk

If inflation exceeds your interest rate, real returns are reduced.

TV feature about Festgeld savings – WISO / ZDF

Frequently Asked Questions

A fixed-term, fixed-rate deposit. You lock funds for a chosen term and receive a guaranteed payout at maturity.
Savings accounts are flexible with variable rates; Festgeld is fixed for a set term with a guaranteed rate.
Most commonly EUR; some banks offer USD, CHF, GBP, and selected EU currencies.
Usually 3–60 months. Popular choices: 6, 12, 24, and 36 months.
Individuals (and often companies) from eligible EU/EEA countries, subject to bank KYC/AML.
Valid ID/passport, proof of address, and in some cases proof of funds — per bank policy.
Yes, per bank. Common minimums range from €1,000 to €10,000.
Banks may set limits. Also consider statutory deposit protection thresholds.
Typically at maturity. Some banks offer annual or monthly payout variants.
Yes, the nominal rate is fixed for the entire term you choose.
Usually no for classic Festgeld (simple interest). Compounding may apply only if stated.
Term length, currency, market conditions, and bank policy.
Usually not. If allowed, penalties or loss of interest often apply.
Not to the same deposit. You can open a new term deposit.
You receive principal plus interest. Some banks auto-renew unless you choose otherwise.
Typically no monthly fees. Check bank terms for specific charges (e.g., transfers).
Tax treatment depends on your residency. Banks may withhold tax locally; consult your tax advisor.
Within the EU, deposits are generally protected up to €100,000 per person, per bank.
Liquidity risk (locked funds) and inflation risk (real return may fall if inflation is higher).
FINAVERO LTD works only with regulated institutions and applies due diligence checks.
If your base currency differs, exchange rate movements can affect your final outcome.
Yes, subject to each bank’s product availability and your eligibility.
Usually minutes to a few days, depending on KYC and bank processing.
Contact our support or the partner bank. We’ll guide you through the steps.
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We partner only with regulated European institutions. Your data is protected.