Germany is one of Europe's most important savings markets — home to BaFin, one of the continent's strictest financial regulators, and to major savings platforms like Trade Republic and Scalable Capital that have attracted millions of European savers. In 2026, the best EUR savings rates in Germany range from 2.02% on flexible accounts to 3.49% on long-term Bunds.
This guide compares the best options available to residents and non-residents looking for EUR-denominated savings in Germany, using real-time data updated daily by APYData.
Best savings accounts in Germany: rates at a glance
| Product | APY | Liquidity | Guarantee | Minimum |
|---|---|---|---|---|
| Scalable Capital Cash | 2.50% | Instant | German DGS €100K | €0 |
| Trade Republic | 2.02% | Instant | German DGS €100K | €0 |
| Bund 10 años | 3.05% | Vencimiento | Sovereign | €1 |
| Bund 2 años | 2.54% | Vencimiento | Sovereign | €1 |
| N26 Metal | 1.30% | Instant | German DGS €100K | €0 |
| Raisin deposits (via platform) | up to 3.33% | Fixed term | European DGS €100K | €1 |
Rates updated daily. Source: APYData. Always verify current conditions directly with the provider.
1. Scalable Capital — 2.50% (Best flexible rate)
Scalable Capital is a German investment platform regulated by BaFin. Its Cash account pays 2.50% APY on uninvested euro balances — no minimum, no fixed term, available to European residents. Funds are held in custody at Baader Bank, covered by the German Deposit Guarantee Fund (DGS) up to €100,000.
This is currently the highest flexible EUR savings rate available through a BaFin-regulated institution. The platform is designed primarily for ETF investing, but the cash account is accessible without investing.
Best for: Europeans looking for the highest flexible EUR rate with maximum safety.
2. Trade Republic — 2.02% (Best all-in-one)
Trade Republic is a German neobank with a full BaFin banking license (since 2023). It pays 2.02% APY on cash balances automatically, with no conditions and instant access. Interest is credited monthly, linked to the ECB Deposit Facility Rate.
Trade Republic is particularly popular among younger European savers who combine savings with commission-free ETF investing. The mobile app is available across the EU.
Best for: Combining savings with ETF investment in one app.
3. German Bunds — 2.11% to 3.49% (Safest option)
German government bonds (Bundesanleihen, or Bunds) are the safest EUR-denominated fixed income in Europe — backed by the German state, rated AAA. In 2026, yields range from 2.11% at 3 months to 3.49% at 30 years.
Bunds are particularly interesting for larger amounts (above €100,000) where deposit guarantee limits apply. Unlike bank deposits, sovereign bonds have no insurance cap.
| Bund | Yield (2026) |
|---|---|
| Bund 3 months | 2.11% |
| Bund 6 months | 2.28% |
| Bund 2 years | 2.54% |
| Bund 5 years | 2.65% |
| Bund 10 years | 3.05% |
| Bund 30 years | 3.49% |
You can buy Bunds through any European broker (Trade Republic, Scalable Capital, Interactive Brokers) with very low fees.
4. N26 — 1.30% (German neobank)
N26 is one of Germany's best-known digital banks. Its Metal plan offers 1.30% APY on savings balances, though this requires a €16.90/month subscription. The standard free account pays 0.30%. N26 holds a full German banking license and is covered by the German DGS up to €100,000.
Best for: Those who already use N26 as their primary bank and want to maximise the account's savings rate.
5. Raisin — up to 3.33% (Fixed-term deposits)
Raisin is a German savings marketplace (founded in Berlin) that aggregates deposits from European partner banks. In 2026, the best available rates on Raisin range from 2.25% for 3-month deposits to 3.33% for 12-month deposits from partner banks, all covered by their respective national DGS schemes up to €100,000.
Raisin is particularly popular in Germany — it's headquartered in Berlin and widely used by German savers looking for higher fixed-term rates than domestic banks offer.
Best for: Savers willing to commit money for 3-12 months in exchange for higher yields.
How German deposit protection works
Germany's deposit guarantee scheme (Einlagensicherungsfonds) protects bank deposits up to €100,000 per depositor per institution. This is equivalent to the EU-wide minimum standard. Most large German banks also participate in voluntary top-up schemes (like the Einlagensicherungsfonds des Bundesverbandes deutscher Banken) that cover significantly higher amounts.
German Bunds (government bonds) are outside this scheme — they're direct claims on the German state, theoretically limitless in protection as long as Germany can service its debt.
Can non-residents open savings accounts in Germany?
Yes. Platforms like Trade Republic and Scalable Capital are available to any EU resident, not just German nationals. Raisin is also accessible from Spain, France, the UK, and other European countries. Opening an account is fully digital and typically takes 15-30 minutes with a passport or ID card.
Germany vs Spain savings rates: quick comparison
| Option | Germany | Spain equivalent |
|---|---|---|
| Best flexible rate | Scalable Capital 2.50% | Revolut 2.27% / MyInvestor 2.10% |
| Government bonds (10Y) | Bund 3.05% | Bono ES 3.22% |
| Fixed-term deposits | Raisin up to 3.33% | Raisin up to 2.67% |
Interestingly, Spanish government bonds yield slightly more than German Bunds (3.22% vs 3.05%) — reflecting Spain's slightly higher credit risk. Both are investment-grade sovereign issuers.
Preguntas frecuentes — FAQ
What is the best savings account in Germany in 2026?
For flexible access, Scalable Capital (2.50% APY) offers the highest rate from a BaFin-regulated institution. For fixed terms, Raisin aggregates deposits from European banks paying up to 3.33%. For the safest option with any amount, German Bunds yield 2.11% (3 months) to 3.49% (30 years).
Are German bank deposits safe for non-residents?
Yes. The German DGS protects deposits up to €100,000 per depositor per institution, regardless of whether you are a German national or a resident of another EU country. Trade Republic, Scalable Capital, and N26 are all covered by this scheme.
How do Bunds compare to bank deposits in Germany?
Bunds offer sovereign-backed safety with no insurance cap — ideal for amounts above €100,000. Bank deposits (Trade Republic, Scalable Capital) offer instant liquidity and up to €100,000 in DGS protection. For amounts under €100,000, the flexible rates on cash accounts are often more convenient than buying Bunds on the secondary market.
Can I open a German savings account from Spain or another EU country?
Yes. Trade Republic, Scalable Capital, Raisin, and N26 all accept EU residents. The account opening process is fully digital — you only need a valid passport or ID card and a European IBAN. Most accounts are operational within 24-48 hours of registration.