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PSD Bank Karlsruhe-Neustadt review

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

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Our verdict

PSD Bank Karlsruhe-Neustadt suits savers who want their cash parked in a German cooperative bank and can accept a 0.01% return on it. With a €0 minimum deposit and EU DGS up to EUR 100,000 of cover, the appeal is access and safety rather than growth.

Key facts

Best for
Anyone parking euro cash with a German cooperative bank and not chasing the highest rate.
Headline rate
0.01%↗
Rate type
Variable↗
Minimum deposit
€0↗
Deposit protection
EU DGS up to EUR 100,000↗
Access terms
Unlimited-term savings deposit, minimum holding period 3 months, 3-month notice period, up to EUR 2,000 per month free of advance interest; savings rate from EUR 5 per month↗
Account kind
Easy access↗
Legal entity
PSD Bank Karlsruhe-Neustadt eG↗
Headquarters
Germany↗
Support channels
Email, Phone, Help-centre↗
Official website
psd-karlsruhe-neustadt.de

Facts checked September 26, 2026, 3 sources

Apps and profiles

Elsewhere
WikidataLinkedIn

Pros and cons

Pros

  • Deposits hold EU DGS up to EUR 100,000 of cover under the EU deposit guarantee scheme
  • No minimum deposit, €0, ranking at position 1 of 379 on that measure
  • Operates as PSD Bank Karlsruhe-Neustadt eG, a cooperative bank, supervised by the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin)
  • Support is available on email, phone and help centre, including phone and a help centre

Cons

  • The 0.01% return leaves this account at position 461 of 488 on headline rate, against a site median of 3%.
  • Access is not instant: the easy access label hides a minimum holding period and a notice period, so money cannot leave the same day it lands.
  • Support runs on email, phone and help centre, with no live chat or branch network listed for quick in person help.

Ready to try PSD Bank Karlsruhe-Neustadt?

Scored 9.1 / 10 by SumCue.

See alternatives

Who it suits

  • Savers in Germany who want deposits held by a cooperative bank rather than a private institution
  • Anyone holding euro cash for a rainy day who values EU DGS up to EUR 100,000 of protection
  • Households willing to sit on a easy access balance for a small return in exchange for a €0 entry point

Who should look elsewhere

  • Anyone maximising interest, since Wise pays 3.29% against 0.01% here
  • Savers who need instant access, as a minimum holding period and a notice period apply
  • People hunting a fixed return, because the variable rate leaves the deal open to a reset by the bank

Rates and card terms

The headline rate is 0.01%, and it is variable, so it can be reset by the bank rather than locked in for a set period. There is no minimum deposit: €0 is the entry point, which is why the account ranks at position 1 of 379 on that measure. The account is listed as easy access, and withdrawals up to a set monthly amount are free of advance interest.

How it compares on our data

On headline rate the account sits at position 461 of 488, well below the 3% site median. For context, bunq pays 3.01%, Wise pays 3.29% and Finteres runs 0% to 36%. On minimum deposit, however, it ranks at position 1 of 379, close to the top of that table.

How PSD Bank Karlsruhe-Neustadt compares

Where PSD Bank Karlsruhe-Neustadt is available

Available
Germany
Licence in Germany
Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin), checked September 26, 2026

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

Frequently asked questions

What interest does PSD Bank Karlsruhe-Neustadt pay on savings?+

The headline rate is 0.01% and it is variable, meaning the bank can adjust it rather than locking it in. That return is a small fraction of the 3% site median, so this account is about keeping money safe rather than growing it.

Is my money protected if the bank fails?+

Yes. Deposits are covered under EU DGS up to EUR 100,000, the EU deposit guarantee scheme, and the bank is supervised by the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) in Germany. It operates as PSD Bank Karlsruhe-Neustadt eG, a cooperative bank rather than a private lender.

How much can I deposit as a first time saver?+

There is no floor: €0 is the minimum deposit, so you can open with a small amount or top up later. Withdrawals up to a set monthly allowance are free of advance interest, though larger withdrawals reduce the interest you keep.

Can I get my money out straight away?+

Not instantly. Although the account is classified as easy access, the terms apply a minimum holding period and a notice period before funds are released. Plan around that lock up rather than treating it as instant access savings.

How does the rate compare with other providers?+

It sits well down the table. This account ranks at position 461 of 488 on headline rate, while bunq pays 3.01% and Wise pays 3.29%. The median across the site is 3%.

What support can I reach if something goes wrong?+

Contact runs on email, phone and help centre, which covers email, phone and a help centre. There is no live chat or branch counter listed, so complex queries may be slower than at a high street bank with walk in support.

Who does this account suit?+

It suits savers in Germany who want their euro cash held by a cooperative bank and covered by EU DGS up to EUR 100,000, with a €0 entry point. It suits people treating the balance as an emergency pot more than an income stream, given the 0.01% return.

Is this a fixed term deposit?+

No. The rate is variable and the account carries unlimited term rather than a fixed period. There is still a minimum holding period and a notice period on withdrawals, so the money is not as liquid as an instant access account.

Sources

  • psd-karlsruhe-neustadt.de/impressum.html checked September 26, 2026

    Backs: Deposit protection, Headquarters, Legal entity, Licences

    “Seat of the cooperative: Karlsruhe, address Philipp-Reis-Str. 1, 76137 Karlsruhe”

  • psd-karlsruhe-neustadt.de/kontakt.html checked September 26, 2026

    Backs: Support channels

    “Telephone customer service 0721/9182-0; contact form around the clock; OnlineBanking help 0721/9182-222 and FAQ zum OnlineBanking”

  • psd-karlsruhe-neustadt.de/produkte/geldanlage/sparen/spar... checked September 26, 2026

    Backs: Access terms, Account kind, Headline rate, Minimum deposit, Rate type

    “You can withdraw up to 2,000 euros per month short term; minimum duration 3 months; notice period 3 months; advance-interest-free amount 2,000.00 EUR”

Compiled from 3 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Term.

PSD Bank Karlsruhe-Neustadt

Anyone parking euro cash with a German cooperative bank and not chasing the highest rate.

9.1/10See alternatives