Best Fixed-Term Bank Deposits in Europe 2026

Fixed-term bank deposits are one of the safest ways to grow your savings. In exchange for locking your capital for a set period, the bank guarantees a fixed return. APYData compares the best deposits available across Europe in real time, including options from European banks accessible through platforms like Raisin.

Products compared

5.50%

Best APY available

3.39%

Average APY

#	Entity	Product	APY	Score	Risk	Liquidity	View
1	ING Australia	ING — Savings Maximiser (AU)	5.50%	7.7	Low	Instant	View →
2	ANZ	ANZ Plus — Save (AU)	5.10%	7.7	Low	Instant	View →
3	Ibercaja	Cuenta Vamos	5.09%	7.7	Low	Instant	View →
4	Marcus by Goldman Sachs	Marcus — Easy Access Savings (UK)	3.75%	7.5	Low	Instant	View →
5	Monzo	Monzo — Instant Access Savings Pot (UK)	3.65%	7.5	Low	Instant	View →
6	Marcus by Goldman Sachs	Marcus — High Yield Online Savings (US)	3.40%	7.5	Low	Instant	View →
7	Renault Bank	Depósito Tú+ 36 meses	3.19%	4.1	Low	—	View →
8	Trade Republic	Cuenta Remunerada	3.04%	7.4	Low	Instant	View →
9	B100	Cuenta Health	3.00%	4.1	Low	—	View →
10	BankB	BankB — Depósito 4 años (Raisin)	3.00%	5.4	Low	Locked	View →
11	Renault Bank	Depósito Tú+ 24 meses	2.98%	4.1	Low	—	View →
12	Fjord Bank	Fjord Bank — Depósito 2 años (Raisin)	2.96%	6.6	Low	Al vencimiento	View →
13	Haitong Bank	Haitong Bank — Depósito 2 años (Raisin)	2.92%	5.4	Low	Locked	View →
14	BluOr Bank	BluOr Bank — Depósito 1 año (Raisin)	2.92%	5.6	Low	12-month term	View →
15	Fjord Bank	Fjord Bank — Depósito 3 años (Raisin)	2.91%	6.6	Low	Al vencimiento	View →
16	Haitong Bank	Haitong Bank — Depósito 3 años (Raisin)	2.91%	5.4	Low	Locked	View →
17	Younited Credit	Younited Credit — Depósito 3 años (Raisin)	2.90%	5.4	Low	Locked	View →
18	Achmea Bank	Achmea Bank — Depósito 5 años (Raisin)	2.90%	5.4	Low	Locked	View →
19	SME Bank	SME Bank — Depósito 1 año (Raisin)	2.89%	6.6	Low	Al vencimiento	View →
20	Achmea Bank	Achmea Bank — Depósito 4 años (Raisin)	2.87%	5.4	Low	Locked	View →

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How to Choose the Best Fixed-Term Deposit in Europe (2026)

Not all deposits are equal. The difference between a 2% and a 3.5% deposit on €50,000 over 12 months is €750 in interest — enough to justify 15 minutes of comparison. These are the factors that matter:

1. APY (Annual Percentage Yield)

Always compare using the APY, which standardises rates across different terms and compounding frequencies. APYData shows the APY directly for every product — no manual calculation needed.

2. Term

The most common terms in 2026 are 6, 12 and 24 months. The yield curve is currently fairly flat — the difference between 12-month and 24-month deposit rates is small. For most savers, 12 months offers the best balance of yield and flexibility.

3. Deposit Guarantee Coverage

All deposits at EU banks are covered up to €100,000 per depositor per institution by the national Deposit Guarantee Scheme. In the UK, FSCS covers up to £85,000. In the US, FDIC covers up to $250,000. If you have more than the limit, distribute across multiple institutions to maintain full coverage at each.

4. Early Access

Most fixed-term deposits do not allow early withdrawal, or apply penalties (typically loss of some or all interest earned). Make sure you will not need the money before maturity, or look for deposits with an early cancellation clause.

Raisin: The European Deposit Marketplace

Raisin aggregates the best deposit offers from banks across the EU — Germany, Estonia, Latvia, and more — all accessible from a single account. All deposits remain covered by their home country DGS. In 2026, Raisin consistently offers some of the highest rates available to European savers.

Fixed Deposits vs Instant-Access Savings Accounts

If you need immediate access (emergency fund, short-term savings), an instant-access account like Trade Republic (2.02%) or Bunq (2.31%) is better even at a slightly lower rate. If the money will not be needed for 12+ months, a fixed-term deposit almost always pays more. Many savers combine both: instant-access for the emergency fund, fixed-term for medium-term savings.

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Frequently asked questions

What is a fixed-term deposit?

A fixed-term deposit is a bank product where you deposit money for a set period in exchange for a guaranteed return. At maturity you get your capital back plus the interest earned.

Are deposits guaranteed?

Bank deposits in EU countries are protected up to €100,000 per depositor per institution by the national Deposit Guarantee Scheme (DGS). In the UK, FSCS covers up to £85,000. In the US, FDIC covers up to $250,000.

Which term is best for a deposit?

It depends on your liquidity needs. The most common terms are 6, 12 and 24 months. Generally, longer terms offer higher yields, though the difference is currently small in the Eurozone.