easybank review

easybank pays a fixed rate of 1.8% to 2.25%. The range covers the shortest and the longest commitment, so the higher figure belongs to the longest term. The rate is set when the deposit starts and holds until the balance is paid out at maturity.

Terms run 6 to 60, so you decide how long the money stays put. It goes in as a single deposit and stays with the bank for the whole term, then the balance plus interest goes to the reference account at maturity, and that is where you decide what happens next.

Yes. Deposits sit under EU DGS up to EUR 100,000. easybank is supervised in Austria by the Finanzmarktaufsicht, and the European Central Bank also appears among the regulators, so the bank sits inside the standard supervised system for the region.

The savings deposit carries a monthly fee of €0, so nothing recurs each month. The site benchmark for monthly fees is €0, and the other end of that range reaches €449.

The minimum deposit is €100, a small starting point next to the €190 benchmark for fixed-rate deposits on the site. The money goes in as a lump sum and stays there for the term.

The listed audience is business, student and teen, so the account is aimed at business, student and teen customers. The service is digital-only, which suits people who prefer to run their savings in an app rather than in person.

Support runs on email, phone and help centre, so email, phone, a help centre and live chat are all available. With a digital-only service, those channels are the practical route to an answer while the balance stays locked for the term.

easybank is based in Austria and is run as a single legal entity by BAWAG P.S.K. and the Austrian Postsparkasse. Local payment details are IBAN, listed under iban, so the deposit fits euro-area customers rather than UK sort code or US ACH users.