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Commerzbank review

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

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Our verdict

Commerzbank suits savers in Germany who want daily access to their money, a supervised bank holding and no monthly charge. The fee is €0 and deposits are covered, but the variable rate of 2.25% sits below the savings median of 3.08% on the site.

Key facts

Best for
Easy-access saving in Germany with no monthly charge
Headline rate
2.25%↗
Rate type
Variable↗
Deposit protection
EU DGS up to EUR 100,000↗
Access terms
Daily availability, no notice period; payout only to the nominated reference account (or at Commerzbank branches)↗
Monthly fee
€0↗
Account kind
Easy access↗
Legal entity
Commerzbank Aktiengesellschaft↗
Headquarters
Germany↗
Founded
1870↗
Support channels
Email, Phone, Help-centre, Chat↗
Pricing model
No monthly fee
Official website
commerzbank.de

Everyday accounts

Local account details
IBAN↗
Transfer fee
3,90 EUR per paper domestic/SEPA transfer, per cheque and per counter cash transaction; online SEPA transfers free↗
Audience
Students, Teens
Features
Free ATM withdrawals, Joint account

Facts checked September 26, 2026, 5 sources

Apps and profiles

Get the app
App StoreGoogle Play
Elsewhere
WikidataLinkedInfacebook.com

Pros and cons

Pros

  • No monthly charge, with fees at €0
  • Variable rate of 2.25% with daily availability and no notice period
  • Deposits covered by EU DGS up to EUR 100,000 under a bank licence
  • Free ATM withdrawals, a joint account option and a German IBAN

Cons

  • The variable rate of 2.25% is below the savings median of 3.08%
  • The rate type is variable, so the return is not locked for a term
  • Payouts run only to the nominated reference account, or at Commerzbank branches
Commerzbank

Ready to try Commerzbank?

Scored 9.5 / 10 by VaultCue.

See alternatives

Who it suits

  • Adults and students in Germany who want daily access to their savings
  • Teen account holders banking through a joint account
  • People who want a supervised bank holding under EU DGS up to EUR 100,000 cover

Who should look elsewhere

  • PayPal Colombia, where the headline rate reads 3.3%
  • Plazo ES, whose headline rate reads 24.19%
  • AXI Card Tarjeta y Credito, whose headline rate reads 21.59%

Deposit protection

Commerzbank Aktiengesellschaft holds the account and is supervised in Germany by the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin), licence 100005. Savings balances sit under EU DGS up to EUR 100,000, so the money rests with a supervised bank rather than an e-money provider.

How Commerzbank compares

Where Commerzbank is available

Available
Germany
Licence in Germany
Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) (100005), checked September 26, 2026
Licence in Germany
European Central Bank, checked September 26, 2026

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

Frequently asked questions

Is there a monthly fee on the savings account?+

There is no monthly charge, listed as €0. The site median for monthly fees is €0, so this sits at the cheapest end of the range and the balance keeps earning without an account keeping cost.

What rate does the savings account pay?+

The rate is 2.25% and its type is variable, so it can move rather than stay fixed for a term. The median headline rate for savings accounts on the site is 3.08%.

Is my money protected if the bank fails?+

Yes. Savings balances are covered by EU DGS up to EUR 100,000. The provider is Commerzbank Aktiengesellschaft, supervised in Germany by the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin), so the holding is a supervised bank account.

How quickly can I get my money out?+

Money is available daily with no notice period, and the account kind is easy access, so your balance is not tied to a term. Payouts go only to the nominated reference account, or you can take money out at Commerzbank branches.

What does it cost to send money?+

Online SEPA transfers are free. A paper domestic or SEPA transfer, a cheque or a counter cash transaction each carries a fee, so staying online keeps money movement at no charge on top of the monthly fee of €0.

Can students and teens bank here?+

Yes. The listed audience covers student and teen, and the account carries free atm and joint account. The savings side is easy access, so money can move in and out without a notice period while the account runs at €0.

What details do I need to send and receive payments?+

The account comes with a German IBAN, listed under iban, and a joint account is available for shared holding. Support runs by email, phone and help centre, so you can reach the bank by phone, email, chat or the help centre.

Sources

Compiled from 5 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Term, Minimum deposit.

Commerzbank

Commerzbank

Easy-access saving in Germany with no monthly charge

9.5/10See alternatives