Savings Book

To open a savings book, you will need a valid government-issued photo ID and the account opening form, which will be filled out at the branch.

The interest rates on savings books vary for each term, which can last from 3 months to 10 years:

3 Months: 1.70 %

6 Months: 1.75 %

9 Months: 1.60 %

12 Months: 1.75 %

18 Months: 1.60 %

24 Months: 1.80 %

36 Months: 1.80 %

4 Years: 1.80 %

5 Years: 1.95 %

6 Years: 1.70 %

7 Years: 1.70 %

8 Years: 1.70 %

9 Years: 1.70 %

10 Years: 1.70 %

To make withdrawals from a savings book, you need to present a government-issued photo ID and the physical savings book. In some cases, the password may also be required.

The savings book can be reinvested starting from the day after the maturity date without losing interest. Reinvestments made during the binding period may be subject to advance interest or a lower interest payout than originally agreed.

Closing the savings book is generally free of charge. However, a fee of 5.00 EUR applies for transfers to accounts with other banks. Early closure may also result in advance interest charges.

The term of the savings book can only be extended in person at the branch. The account holder or owner must identify themselves with a valid photo ID and present the savings book. Online or phone requests for extensions are not allowed due to the regulations of the Banking Act (BWG).

Transactions that do not involve cash withdrawals can be performed at any time without an appointment at the branch. For cash withdrawals over 15,000.00 EUR, an appointment must be made at least one working day in advance.

All transactions related to the savings book must be done in person at the branch, presenting the savings book and valid photo ID. For a Password Savings Book, providing the password is sufficient. For a Registered Savings Book, a power of attorney is required if someone else acts on your behalf.

If you lose your savings book, you must report the loss to the bank. You will need to provide a valid photo ID and specify the key details of the savings book (such as your name, birthdate, and address). The bank will register the loss and will not allow any withdrawals from the savings book for four weeks. You will then need to initiate a court procedure to declare the savings book invalid. After a successful court declaration, either the balance can be paid out or a replacement savings book issued.

Yes, partial withdrawals or early closure are possible. However, these are treated as advances and are subject to advance interest. The interest rate is 1‰ per full month for the period not kept under the agreed binding duration. However, the advance interest cannot exceed the total interest earned on the withdrawn amount. Early reductions in the binding period or shortening of the notice period will also be subject to advance interest.

Yes, if it is an OR-type savings book, each holder can independently perform transactions and manage the savings book.

Interest is capitalized at the end of each calendar year, unless the entire savings balance is withdrawn during the year.

Yes, interest credited to the capital can be withdrawn without advance interest until the end of January of the following year.