BERGFÜRST review

BERGFÜRST lists headline rates of 7.5% to 10%, and the rate type is fixed, so the return is set when the deposit starts rather than moving later in the term. That range sits above the 6% typical of fixed term deposits on the comparison.

Terms run 12 to 36, and the repayment date is fixed once the deposit is placed. The pricing sheet pairs that with a fixed rate, so nothing resets at maturity. A shorter commitment here suits savers who want a defined end date rather than a rolling product.

The account fee is €0 and the monthly fee is €0, so there is no monthly charge to watch and nothing deducted from the interest after repayment. The listed pricing model is no monthly fee and fixed rate, which pairs the fee structure with the fixed rate.

Deposits sit under EU DGS up to EUR 100,000, and BERGFÜRST also lists EU ICS up to EUR 20,000 for investments held through the platform. These are separate schemes with separate limits, so the size of your holding decides which cover matters and where it stops.

The minimum deposit is €10, which sits below the €136.88 typical minimum on the term deposit ranking. Small tickets are workable here, though the fixed repayment date still applies to the whole amount for the length of the term.

Repayment falls on a fixed date, and the fixed rate means an early return is not the same as the agreed interest. During the term the route out is the secondary market, where the price depends on what a buyer will pay, so treat the term as binding.

The listed regulators are Bundesanstalt fuer Finanzdienstleistungsaufsicht (BaFin) and IHK Berlin / Vermittlerregister (Finanzanlagenvermittler nach 34f GewO), and licences are recorded with BaFin and the European Securities and Markets Authority in Germany. The platform has run since 2011, so it is an established German operation rather than a new entrant.