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€100,000
- Deposits held with Postbank are protected under the German Deposit Guarantee Scheme (Einlagensicherung). This scheme guarantees the protection of customer deposits up to €100,000 per depositor, per bank. The protection applies to all types of accounts, including savings, checking, and fixed-term deposits.
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Your Postbank Sparbuch (savings book) is still valid so you can still make deposits or withdrawals at any Postbank branch. You can request a balance there as well.
Deutsche Postbank AG participates in the deposit guarantee scheme of Germany which applies to all deposit accounts made by individuals, companies and covers up to up to 100,000 EUR per bank per depositor.
- For Which Customers Are Term Deposits Best Suited?
- Is There Any Kind of Protection For The Money Held in My Term Deposit account?
- When Can I Withdraw The Money from My Term Deposit account?
- Where Can I Invest in A Term Deposit?
- Are Term Deposit Investments Subject to Taxation?
- In What Way Are Providers of Term Deposits supervised?
Term deposits offer customers planning security as the interest rates are pre-determined and guaranteed. They are therefore suitable for customers looking for a conservative, safe investmentas a means to preserve wealth. Term deposits are suitable as a short-term investment, for example if you are interested in “parking“ money that might be require...
In Germany, deposits are protected by the statutory deposit guarantee up to an amount of 100,000 euros per customer. This also applies to banks in other EU member states. For amounts in excess of this, in Germany the voluntary deposit guarantee schemes of the particular banking associations may offer protection. We strongly advise that you make you...
The money invested and any interest accrued is paid out to you after the term ends. The funds are credited to the reference account agreed with your credit institution. The reference account is usually your normal current account. During the term, you may normally not prematurelywithdraw the funds from your term deposit account. If the credit insti...
You can invest in a term deposit at a credit institution. Information and advice can be obtained at the branches, online or by telephone at the respective provider. Give careful thought in advance to how long and for what purpose you intend to invest your money, and examine the offerings thoroughly. The interest ratecan differ from institution to i...
The interest on the term deposit paid to you by the credit institution is subject to taxation. In order to benefit from tax-free allowances, you can apply for a tax exemption at your credit institution.
Domestic banks require authorisation from BaFin for conducting deposit business. German banks are supervised by the Deutsche Bundesbank and BaFin and, if they exceed a certain size, also by the European Central Bank (ECB) within the scope of solvency supervision. BaFin does not check whether the credit institutions are offering you favourable condi...
Jan 26, 2023 · Cash deposits of individual customers in the EU are insured under a deposit guarantee scheme of the country where the bank is registered in. The insurance sum is currently in every country €100,000 (or equivalent).
- It depends on how accessible your money shall be: Money market ( Tagesgeld ) deposit accounts let you add and withdraw money all the time . Fixed-...
- With money market accounts , the interest rate is not fixed . It can change from day to day. Fixed-term accounts offer a fixed interest rate . Howe...
- Yes, in Germany capital gains from savings accounts are taxed with the Withholding Tax . [3] Basically, you pay 25% flat on your earnings. However,...
Postbank – eine Niederlassung der Deutsche Bank Aktiengesellschaft is a branch of Deutsche Bank for retail banking, which was formed from the demerger of the postal savings division of Deutsche Bundespost in 1990.
Not only is the balance on savings accounts, but also on the current account covered by the deposit guarantee. Please note that the deposit guarantee only applies to accounts in Euros or other currencies of the European Union.
