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easybank review

Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026

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Our verdict

easybank pays a fixed rate of 1.8% to 2.25% for terms running 6 to 60, with a minimum deposit of €100 and a monthly fee of €0. It suits Austrian savers who can leave the money untouched until maturity, and not those who need to withdraw during the term.

Key facts

Best for
Austrian savers who can fix a lump sum for a chosen term and leave it in place.
Headline rate
1.8% to 2.25%↗
Rate type
Fixed↗
Term
6 to 60 months↗
Minimum deposit
€100↗
Deposit protection
EU DGS up to EUR 100,000↗
Access terms
Single deposit only, funds not available during the term, no partial withdrawals; at maturity the balance plus interest is transferred to the reference account↗
Monthly fee
€0↗
Account kind
Fixed↗
Legal entity
BAWAG P.S.K. Bank fuer Arbeit und Wirtschaft und Oesterreichische Postsparkasse Aktiengesellschaft↗
Headquarters
Austria↗
Founded
1996↗
Support channels
Email, Phone, Help-centre, Chat↗
Pricing model
No monthly fee, Fixed rate
Official website
easybank.at

Loans

Loan amount
€4,000 to €75,000↗
Arrangement fee
0 EUR (no processing fee)↗
Credit check
Hard↗
Funding time
Disbursed immediately or within 24 hours after a positive credit check↗
Lender type
Direct lender↗
Free early repayment
Yes↗
Eligibility
Adult, main residence in Austria, permanent non-self-employed and non-terminated employment with an Austrian company, no negative KSV entries, proof of income, Austrian current account↗
Origination fee (%)
0%↗
Loan types
Personal, Debt-consolidation↗
Use cases
Home-improvement↗
Features
Same-day funding

Debit cards

Card type
Debit↗
Card network
Mastercard↗
Audience
Business, Students, Kids

Brokers

Markets
Stocks, ETFs, Funds, Bonds↗

Credit cards

Card kind
Credit↗

Mortgages

Fixed period
up to 25 years↗
Maximum loan to value
80%↗
Purpose
Purchase, Remortgage↗

Facts checked September 26, 2026, 10 sources

Apps and profiles

Get the app
App StoreGoogle Play
Elsewhere
Wikidatainstagram.com

Pros and cons

Pros

  • Fixed rate of 1.8% to 2.25% with terms running 6 to 60, so the return is known in advance.
  • A monthly fee of €0, so the account costs nothing to hold each month.
  • Deposits are covered by the EU deposit guarantee scheme, EU DGS up to EUR 100,000.
  • Support runs on email, phone and help centre, so questions about the rate or the term reach the bank directly.

Cons

  • Access terms allow a single deposit only, and the balance plus interest transfers to the reference account at maturity.
  • 1.8% to 2.25% sits below the 3.29% advertised by Wise and the 3.01% advertised by bunq.
  • A minimum deposit of €100 places easybank 313 of 379 brands on minimum deposit, so the entry point is not the lowest around.
easybank

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Who it suits

  • Austrian savers who can wait for maturity rather than chase the 3.29% on offer at Wise.
  • People who want one covered lump sum and would not be tempted by the wider 0% to 36% range at Finteres.

Who should look elsewhere

  • Anyone who needs the money before the term ends, because a single deposit with no partial withdrawals is the only option here.
  • Rate chasers, since 3.29% at Wise and 3.01% at bunq both pay above 1.8% to 2.25%.

Deposit protection

easybank is an Austrian bank supervised by the Finanzmarktaufsicht (FMA), and savings placed with it sit under the EU deposit guarantee scheme. Deposit protection is EU DGS up to EUR 100,000. The term deposit is fixed, so the balance stays with the bank for the whole term and the covered amount is not being spent in the meantime. Anything held above that ceiling is not covered.

How easybank compares

Where easybank is available

Available
Austria
Licence in Austria
Finanzmarktaufsicht (FMA), checked September 26, 2026
Licence in Austria
European Central Bank (EZB/ECB), checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What rate will I get and for how long?+

The deposit pays a fixed rate of 1.8% to 2.25% over terms running 6 to 60. The rate type is fixed rather than variable, so it does not move while the money is in place. You pick the term when you open the account, and the product is listed as a fixed account rather than an easy access one.

Is there a monthly fee or any account charge?+

The monthly fee is €0, so there is nothing deducted from the balance each month. The account is listed as a no monthly fee, fixed rate product, which means the interest quoted in the headline rate is what accrues over the term rather than being reduced by an account charge.

How much do I need to deposit?+

The minimum deposit is €100, and it is a single lump sum rather than a series of payments. Once it is placed it cannot be topped up or drawn down in part, so the amount you put in is the amount that works for you for the whole term.

Can I withdraw money before the term ends?+

Not while the term runs. It is a single deposit only, partial withdrawals are not possible and the funds are not available during the term. At maturity the balance plus interest is paid to your reference account in one go, and the term runs 6 to 60.

Is my money protected if the bank fails?+

Deposits are covered by the EU deposit guarantee scheme, EU DGS up to EUR 100,000. easybank is an Austrian bank supervised by the Finanzmarktaufsicht (FMA), so the guarantee applies to savings placed with it. A balance held above that ceiling keeps the excess outside the protection.

How do I get help with the account?+

Support runs on email, phone and help centre, so the bank can be reached by email, phone, a help centre or chat. Those channels cover questions about the rate, the term and what happens at maturity, which are the points a fixed deposit raises.

Who is easybank aimed at?+

The bank lists business, student and kids among the groups it serves, and it is based in Austria, having been founded in 1996. The savings product is a fixed term deposit, so it fits people with a sum they can leave alone for the length of the term rather than savers who want access to their money at short notice.

Sources

Compiled from 12 source pages, checked September 26, 2026. We did not open an account.

easybank

easybank

Austrian savers who can fix a lump sum for a chosen term and leave it in place.

9.0/10See alternatives