NBG review
Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026
We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings. Partners with a live offer in your country come first, then every other brand by score.
Our verdict
NBG suits savers in Greece who hold euro cash and want a fixed return with nothing to pay each month. The term deposit needs a minimum deposit of €3,000, the rate stays fixed for a term the customer chooses, and balances sit under EU DGS up to EUR 100,000.
Key facts
Savings
- Rate type
- Fixed↗
- Minimum deposit
- €3,000↗
- Access terms
- Term deposit in EUR: duration chosen by the customer from 1 to 365 days; rate fixed for the whole term; early full repayment possible at a cost via Internet/Mobile Banking or in branch; automatic renewal↗
- Account kind
- Fixed↗
Facts checked September 26, 2026, 3 sources
Pros and cons
Pros
- The monthly fee is €0, so the deposit costs nothing to hold.
- The rate is fixed for the whole term, and the customer picks the duration.
- The balance is covered by EU DGS up to EUR 100,000.
- Help is offered on phone, chat and help centre.
Cons
- The minimum deposit of €3,000 is high for a first saver.
- The account kind is fixed, so the money stays tied up for the term.
- Early full repayment is allowed, but the access terms make clear it comes at a cost.
Who it suits
- Savers in Greece with euro cash to place for a fixed stretch.
- Anyone who wants a known rate and no monthly charge.
- Customers who want a branch to visit as well as online banking, since the access terms cover branch handling.
Who should look elsewhere
- Starling Personal Account Debit Card, if you would rather your deposit sat under FSCS up to GBP 85,000.
- Varo Visa Debit Card, where the cover is FDIC up to USD 250,000 and a debit card is the main draw.
- Wise, whose deposits are covered by FSCS up to GBP 85,000, if that scheme fits your money better.
Deposit protection
Balances in the deposit fall under EU DGS up to EUR 100,000. That is the ceiling for eligible deposits, and money held beyond the limit sits outside the scheme. The scheme is a deposit guarantee, so the cover is tied to the balance held with the bank and not to the return earned over the term.
The company behind it
The account belongs to National Bank of Greece S.A., a bank based in Greece that has been in business since 1841. It sits under the supervision of the European Central Bank through its Single Supervisory Mechanism. Help is offered on phone, chat and help centre, so a question about the term or an early repayment can be raised by phone or in the help centre.
How NBG compares
9.5 vs 8.7
9.5 vs 8.6
9.5 vs 8.0
9.5 vs 8.9
9.5 vs 9.1
9.5 vs 9.2
9.5 vs 8.7
9.5 vs 8.7
9.5 vs 8.7
9.5 vs 9.0
9.5 vs 8.7
9.5 vs 9.5
9.5 vs 9.4
9.5 vs 9.3
9.5 vs 9.2
9.5 vs 9.2
9.5 vs 9.2
9.5 vs 9.2
9.5 vs 9.2
9.5 vs 9.2
9.5 vs 9.1
9.5 vs 9.0
9.5 vs 9.0
9.5 vs 8.9
9.5 vs 8.9- 9.5 vs 8.9
9.5 vs 8.7
9.5 vs 8.5
9.5 vs 8.5
9.5 vs 8.5
9.5 vs 8.4
9.5 vs 8.3
9.5 vs 8.2
9.5 vs 8.1- 9.5 vs 8.1
9.5 vs 8.0
9.5 vs 8.0
9.5 vs 8.0
9.5 vs 9.1
Where NBG is available
- Available
- Cyprus, Greece, Luxembourg, United Kingdom
- Licence in Greece
- European Central Bank (Single Supervisory Mechanism), checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What does the term deposit cost to hold?+
The monthly fee is €0, so holding the deposit has no recurring cost. The account model is no monthly fee and fixed rate, pairing a no monthly fee structure with a fixed rate. The only outlay is the cash placed with the bank.
How much do I need to put in?+
The minimum deposit is €3,000. Anything below that will not open the account, which puts NBG out of reach for small savers. Depositors who clear the threshold keep a fixed rate for the whole term they choose.
Is my money protected?+
Deposits are covered by EU DGS up to EUR 100,000. That is the ceiling for eligible balances, and money held above it sits outside the scheme. The protection applies to the deposit itself, while the rate paid over the term is a separate matter.
Who regulates the bank?+
The account is run by National Bank of Greece S.A., based in Greece and in business since 1841. Supervision sits with the European Central Bank under its Single Supervisory Mechanism. The deposit protection above applies on top of that supervision.
How long do I have to lock the money up?+
You pick the duration, and the rate stays fixed for the whole of it. The account kind is fixed, so the money is committed rather than available on demand. The deposit also renews automatically, so check you still want it there.
Can I get at my money early?+
The access terms allow an early full repayment, but it comes at a cost and is arranged through Internet Banking, Mobile Banking or in branch. It is not a free withdrawal, so the fixed rate runs to the end of the term unless you pay to break it.
How do I get help?+
Support runs on phone, chat and help centre. That covers a phone line, a chat service and a help centre, so a question about the term, the minimum deposit or an early repayment can be raised without a branch visit.
Is this a good fit for money held outside Greece?+
The bank is based in Greece and the deposit runs in euro, so it suits cash already held there. Savers banking elsewhere may find FSCS up to GBP 85,000 or FSCS up to GBP 85,000 a closer match before tying money up for a term.
Sources
- en.wikipedia.org/wiki/National_Bank_of_Greece checked September 26, 2026
Backs: Deposit protection, Founded, Headquarters, Legal entity, Licences
“Founded 30 March 1841 ... in Athens, Greece”
- nbg.gr checked September 26, 2026
Backs: Support channels
“Contact - 210 48 48 484; speak by phone with a specialist representative; our chatbot Sophia is available at any time; find online the answers you are looking for”
- nbg.gr/el/idiwtes/apotamieusi-ependuseis/ependutika-progr... checked September 26, 2026
Backs: Access terms, Account kind, Minimum deposit, Pricing model, Monthly fee, Rate type
“Option to choose the deposit duration from 1 to 365 days”
Compiled from 3 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Licence type, Currency conversion fee, Currencies.