UmweltBank AG review

The easy-access account pays a variable 3%. Because the rate is variable, it is not fixed for a set period and can move down as well as up. The account is a easy access product, so the balance stays reachable rather than being tied to a term.

The easy-access account carries a monthly fee of €0, so the account is free to run month by month. That makes it a no monthly fee account, with the interest being the main return rather than a charge to avoid. You still pay whatever standard account charges your own banking setup imposes.

Deposits are covered by the EU DGS up to EUR 100,000 scheme, the German part of the EU deposit guarantee. The bank is supervised in Germany by the Bundesanstalt fuer Finanzdienstleistungsaufsicht, and its account business sits under the European Central Bank (Eurosystem) framework. The legal entity is UmweltBank AG (HR B 12.678, Amtsgericht Nuernberg).

On Tagesgeld you can reach the full balance daily, and there is no notice period to serve. That flexibility is the reason to accept a variable rate on this kind of account. Festgeld works the other way: it cannot be cancelled during the term, with payout at term end.

The current account is paired with a debit card, and the bank also offers a credit card. Card arrangements are separate from the savings rate, so a credit card does not change what your deposit earns. Check which card suits how you pay before choosing.

The bank was founded in 1997 and is headquartered in Germany, with DE as its home country. The registered entity is UmweltBank AG (HR B 12.678, Amtsgericht Nuernberg). It also holds an insurance mediation permission, D-9TON-4UYLR-94.

Support runs on email, phone and help centre, giving you email, phone and a help centre to pick from. There is no branch network and no live messaging channel in that list. For questions about the EU DGS up to EUR 100,000 limit or your balance, the help centre or a phone call are the routes to use.