NIBC Bank and Klarna Offer High Interest Rates on Fixed-Term Deposits

The Dutch one NIBC Bank has launched a new offer for German savers on the occasion of the upcoming World Savings Day (October 30th). The bank is now offering particularly attractive terms for fixed-term deposits with a term of just six months. An investment amount of 1,000 euros or more now attracts interest of 4.00 percent pa, which is significantly more than other terms (3.35 to 3.50 percent pa) that the bank also offers.

NIBC Bank: Up to 4 percent interest on fixed-term deposits

Also special: There is no upper limit at NIBC Bank. Anyone who has a larger amount of money on hand can also invest it, taking into account the statutory Dutch deposit protection of up to 100,000 euros per customer. The interest is credited at the end of the term of the fixed-term deposit contract. The bank automatically pays taxes to the responsible tax office in Germany. However, you can give the bank an exemption order in order to claim the saver’s allowance of 1,000 euros per calendar year to which you are entitled.

Klarna has a slightly better offer

Even more attractive than the 4.00 percent interest rate from NIBC Bank is the 4.10 percent interest rate you currently get, also with a term of only six months with the Swedish payment provider Klarna. And that starts from just 1 euro or up to a sum of 500,000 euros. Klarna also guarantees protection of up to 100,000 euros through the Swedish deposit protection system should the provider go bankrupt.

The best fixed-term deposit offers in comparison

The tables below show you which banks currently offer the best fixed-term deposit conditions with a term of six or twelve months. We only took into account offers where you can invest your money directly with the respective bank and at least the statutory European deposit insurance applies.

Fixed-term deposit with a term of 6 months

Fixed-term deposit with a term of 12 months

Daily money as an alternative

Alternatively, you can of course also opt for a daily money account. In contrast to a fixed-term deposit account, with daily money you have the option of accessing your savings at any time should you need it at short notice. This added flexibility means that you get lower interest rates from many banks. A good interest rate is often limited to a limited period of time before a lower interest rate becomes valid after a few months. At its peak, overnight money currently offers interest of 4.02 percent per year. Do you have an offer with a return of 5 percent or more? Watch out! This is probably a fraudulent offer.