Hanseatic Bank review
Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Hanseatic Bank is a German bank whose easy-access savings account pays a variable 1.05% with no monthly fee, well below the savings median of 3.06%. It suits savers who want instant access and protected deposits rather than the highest easy-access rate.
Key facts
- Best for
- A German easy-access cash pot that pays a variable rate, credits interest monthly and carries no monthly fee.
- Headline rate
- 1.05%↗
- Rate type
- Variable↗
- Term
- 24 to 120 months↗
- Minimum deposit
- €1↗
- Deposit protection
- EU DGS up to EUR 100,000↗
- Access terms
- Available at any time by transfer; interest credited monthly↗
- Monthly fee
- €0↗
- Account kind
- Easy access↗
- Legal entity
- Hanseatic Bank GmbH & Co KG↗
- Headquarters
- Germany↗
- Founded
- 1969↗
- Support channels
- Phone, Email, Help-centre↗
- Pricing model
- No monthly fee
- Official website
- hanseaticbank.de
Loans
- APR
- 25.79%↗
- Loan amount
- €7,500 to €100,000↗
- Credit check
- Hard↗
- Funding time
- Disbursed within 48 hours↗
- Representative example
- Privatkredit: net loan amount EUR 10,000.00 over 84 months - two thirds of customers receive an effective annual rate of 6.29% (83 monthly instalments of EUR 146.70 plus one final instalment of EUR 140.48, fixed nominal rate 6.12% p.a., total repayment EUR 12,316.58)↗
- Lender type
- Broker↗
- Free early repayment
- Yes↗
- Eligibility
- Of age, main residence in Germany, employer registered in Germany, at least 6 months in current job or probation ended, permanent employment, not self-employed, no negative SCHUFA or Infoscore entry↗
- Loan types
- Personal↗
- Credit needed
- Good↗
Credit cards
- Annual fee
- €58.80↗
- Currency conversion fee
- 0%↗
- Rewards rate
- Up to 8% off the travel price via Urlaubsplus partner plus discounts in the Hanseatic Bank benefit world (Vorteilswelt)↗
- Perks
- SicherMobil travel insurance package (HanseMerkur) included, Trip cancellation and trip interruption insurance up to 5,000 EUR per trip, Foreign travel health insurance for the first 62 days of a trip, extendable to 365 days, Travel baggage insurance, Flight and baggage delay insurance, Ticket insurance, Emergency insurance with 24-hour hotline, Fee-free cash withdrawals worldwide (ATM operator fees possible abroad), Fee-free payment in foreign currencies, charged in local currency, Card limit up to 5,000 EUR, Flexible repayment, default 3% of total balance or at least 20 EUR per month, rate changeable at any time, Contactless payment, Apple Pay, Google Pay, Visa Click to Pay, Personal choice of PIN via app or online banking, Free Hanseatic Bank Mobile app and online banking↗
- Card kind
- Credit↗
Facts checked September 26, 2026, 5 sources
Apps and profiles
- Get the app
- Google Play
Pros and cons
Pros
- Access is at any time by transfer and interest is credited monthly, and the account carries no monthly fee at all.
- Deposits sit inside the EU deposit guarantee scheme at EU DGS up to EUR 100,000, and the bank is supervised by BaFin and the ECB.
- A minimum deposit of €1 means the account opens with a small transfer, which suits an emergency pot.
- The Gold credit card has a 0% currency conversion fee and no card fee on foreign purchases or cash withdrawals abroad.
Cons
- The variable rate of 1.05% sits below the savings median of 3.06%, so a large balance earns a modest return.
- The Gold card's annual fee is €58.80 and its APR of 25.79% runs far above the 13.75% median for borrowing.
- Brokered personal loans need a hard credit check and good credit, with amounts of €7,500 to €100,000 over terms of 24 to 120.
Who it suits
- German savers who want their money available at any time and a variable rate they can see at a glance.
- Anyone holding an emergency pot who would rather not pay a monthly account charge out of the interest their savings earn.
- People who want a travel credit card and a brokered personal loan from the same bank, with both handled in Germany.
Who should look elsewhere
- Savers chasing the highest variable rate: bunq pays 3.01% through MassInterest, well above the 1.05% Hanseatic Bank pays on its savings account.
- Anyone willing to switch for a better return on easy-access cash: Wise pays 3.29% in interest, far above Hanseatic's 1.05%.
- Locking in a return for a set period: Finteres runs a headline rate of 0% to 36%, a different deal to a variable balance.
How Hanseatic Bank compares
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Where Hanseatic Bank is available
- Available
- Germany
- Licence in Germany
- Bundesanstalt fuer Finanzdienstleistungsaufsicht (BaFin), checked September 26, 2026
- Licence in Germany
- Europaeische Zentralbank (ECB), checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What interest does Hanseatic Bank pay on its savings account?+
The easy-access account pays a variable 1.05%, credited monthly to the balance. That sits below the savings median of 3.06%, so the account suits parking cash rather than chasing a return. Hanseatic Bank has been running since 1969 as Hanseatic Bank GmbH & Co KG.
Are there account fees on the Hanseatic Bank savings account?+
There is no monthly fee, so the whole balance earns 1.05%. The minimum deposit is €1, which means you can open the account with a small transfer. The rate is variable, so it can move with the market instead of being locked for a term.
Is my money protected if the bank fails?+
Deposits are covered by EU DGS up to EUR 100,000. Hanseatic Bank is a German bank headquartered in Germany that is supervised by BaFin and the ECB. So the balance sits inside the EU protection scheme, and the bank answers to two named supervisors.
How do I get my money out of the account?+
Access is easy: Available at any time by transfer; interest credited monthly. You can move money whenever you need it rather than waiting for a term to run out, and the monthly fee is free so keeping the account open costs nothing. Support runs on phone, email and help centre.
What does the Gold credit card cost to hold?+
The annual fee is €58.80 and the APR is 25.79%, well above the 13.75% median for borrowing. The currency conversion fee is 0%, and the card adds travel insurance, fee-free foreign payments and withdrawals, and rewards as travel discounts through a partner.
Can I borrow from Hanseatic Bank?+
Personal loans are arranged as a broker product (broker) of €7,500 to €100,000 over 24 to 120. Applicants must be adults, permanently employed, resident in Germany with an employer registered there, past a waiting period in the current job, and clear of negative credit file entries. Funds are Disbursed within 48 hours.
Can I repay a personal loan early without a charge?+
Early repayment is free, so a change in income or a change of plan does not mean a settlement fee. The representative example spreads a net loan over 24 to 120, repaid in monthly instalments with a smaller final payment, so clearing the balance early simply stops the interest running.
Does Hanseatic Bank offer a fixed rate or a notice account?+
The savings side is a single easy-access account on a variable rate, so there is no fixed-rate product or notice period in the range. Anyone wanting to lock a rate for a set stretch should look elsewhere. Support is by phone, email and help centre.
Sources
- hanseaticbank.de/geldanlage/tagesgeld checked September 26, 2026
Backs: Access terms, Account kind, Headline rate, Minimum deposit, Pricing model, Monthly fee, Rate type
“Jederzeit per Ueberweisung verfuegbar - Monatliche Zinsgutschrift”
- hanseaticbank.de/kredit/privatkredit checked September 26, 2026
Backs: Loan amount, Credit check, Credit needed, Eligibility, Free early repayment, Funding time, Lender type, Loan types, Representative example, Term
“Kreditsumme 7.500 € - 100.000 €”
- hanseaticbank.de/kreditkarte/goldcard checked September 26, 2026
Backs: Annual fee, APR, Card kind, Currency conversion fee, Perks, Rewards rate
“Repräsentatives Beispiel nach Paragraf 17 PAngV: Sollzins (veränderlich): 16,30 % p. a., effektiver Jahreszins: 25,79 %”
- hanseaticbank.de/services/impressum checked September 26, 2026
Backs: Deposit protection, Headquarters, Legal entity, Support channels, Licences
“Fuhlsbüttler Strasse 437 22309 Hamburg”
- hanseaticbank.de/ueber-uns checked September 26, 2026
Backs: Founded
Compiled from 5 source pages, checked September 26, 2026. We did not open an account.
Hanseatic Bank
A German easy-access cash pot that pays a variable rate, credits interest monthly and carries no monthly fee.