norisbank review
Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026
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Our verdict
norisbank suits students and teens in Germany who want savings they can reach daily without paying to hold them. Interest is credited quarterly, the minimum deposit is €0, and deposits sit under EU DGS protection of EU DGS up to EUR 100,000, so the appeal is access and cost rather than yield.
Key facts
- Best for
- Free, daily-access savings for students and teens.
- Headline rate
- 2.25%↗
- Rate type
- Variable↗
- Minimum deposit
- €0↗
- Deposit protection
- EU DGS up to EUR 100,000↗
- Access terms
- Daily available, interest credited quarterly; 1 Tagesgeldkonto plus 4 sub-accounts; withdrawals only to the reference current account↗
- Monthly fee
- €0↗
- Account kind
- Easy access↗
- Legal entity
- norisbank GmbH↗
- Headquarters
- Germany↗
- Founded
- 1965↗
- Support channels
- Email, Phone, Help-centre↗
- Pricing model
- No monthly fee
- Official website
- norisbank.de
Everyday accounts
- Currency conversion fee
- 0%↗
- Local account details
- IBAN↗
- Audience
- Students, Teens
- Features
- Free ATM withdrawals, Joint account, No credit check
Facts checked September 26, 2026, 4 sources
Apps and profiles
- Get the app
- App StoreGoogle Play
- Elsewhere
- WikidataWikipediafacebook.com
Pros and cons
Pros
- No monthly fee at €0 and no minimum deposit at €0, so small sums can be parked straight away.
- Money is available daily and interest is credited quarterly, with sub-accounts under the main savings account for separating cash.
- Students and teens are the listed audience in student and teen, with free ATM use, joint accounts and no credit check among free atm, joint account and no credit check.
- Support runs through email, phone and help centre, and payments use the euro IBAN listed under iban.
Cons
- The headline rate of 2.25% sits below the site median 3% and ranks 303 of 473 brands on that measure.
- The rate type is variable, so the return can move with market rates instead of being locked in for a term.
- Withdrawals go only to the reference current account named when the savings account is set up, so cash cannot be sent elsewhere.
Who it suits
- Students and teens in Germany, who make up the audience in student and teen and can open the account alongside a current account.
- Savers who may need part of their money quickly, since funds are available daily.
- Anyone avoiding account charges, with a monthly fee of €0 and a currency conversion fee of 0%.
Who should look elsewhere
- Plazo ES, whose listed rate of 24.19% is well above the 2.25% on offer here, for readers shopping purely on yield.
- AXI Card Tarjeta y Credito, listed at 21.59%, if the euro deposit protection norisbank provides is not the deciding factor.
- PayPal Colombia, listed at 3.3%, if a rate close to the 2.25% here is not enough on its own.
Deposit protection
Deposits sit under EU DGS protection of EU DGS up to EUR 100,000, so savings stay inside the German compensation scheme rather than outside it. Norisbank is supervised in Germany by BaFin and the European Central Bank, and the firm also appears in the Versicherungsvermittlerregister of the Industrie- und Handelskammer Bonn/Rhein-Sieg under D-3LXR-9UKV7-92.
How norisbank compares
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Where norisbank is available
- Available
- Germany
- Licence in Germany
- Bundesanstalt fuer Finanzdienstleistungsaufsicht (BaFin), checked September 26, 2026
- Licence in Germany
- Europaeische Zentralbank (EZB), checked September 26, 2026
- Licence in Germany
- Industrie- und Handelskammer Bonn/Rhein-Sieg (Versicherungsvermittlerregister) (D-3LXR-9UKV7-92), checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What does it cost to hold money in norisbank?+
The savings account carries no monthly fee at €0 and no minimum deposit at €0, so nothing is charged for keeping a balance. On the linked current account the currency conversion fee is 0%. Help is offered by phone, email and a help centre.
Is the interest rate fixed or variable?+
The rate type is variable, so the headline rate of 2.25% can move with market rates. That keeps the account flexible but harder to plan around if you need a guaranteed return. The savings-account median on the site is 3.08%.
Are my deposits protected if the bank fails?+
Deposits are covered by EU DGS protection of EU DGS up to EUR 100,000. Norisbank is supervised in Germany by BaFin, and the firm is also listed in the Versicherungsvermittlerregister of the Industrie- und Handelskammer Bonn/Rhein-Sieg under D-3LXR-9UKV7-92.
Can I withdraw my savings at any time?+
Money is available daily, matching the easy-access account type listed as easy access. Interest is credited quarterly rather than daily, and withdrawals can be made only to the reference current account held with the bank. Sub-accounts sit under the main savings account for keeping money apart.
Who is norisbank aimed at?+
The listed audience is students and teens, as student and teen shows. That focus comes with free ATM use, joint accounts and no credit check among free atm, joint account and no credit check, and a euro IBAN through iban. The offer is built around younger savers rather than a broad product range.
What kind of account is this?+
It is an easy-access savings account, listed as easy access, paying a headline rate of 2.25% with interest credited quarterly. The rate applies without a term, so the money stays available instead of being locked in. Sub-accounts can be used to separate savings within it.
How do I get help from norisbank?+
Support runs through email, phone and help centre, so you can reach the bank by phone, by email or through the online help centre. The account is run by norisbank GmbH, which has been trading since 1965 and is based in Germany.
What payment details will I get?+
The account provides a euro IBAN, listed under iban, so payments and withdrawals work like a standard German account. The linked current account carries a currency conversion fee of 0% for spending in other currencies, and support is available through email, phone and help centre.
Sources
- norisbank.de/geldanlage/tagesgeld-festgeld/tagesgeld.html checked September 26, 2026
Backs: Access terms, Account kind, Headline rate, Minimum deposit, Pricing model, Monthly fee, Rate type
“Kostenlose Kontofuehrung: 5 Konten, 0 Euro Gebuehren”
- norisbank.de/girokonto/privatkunden/top-girokonto.html checked September 26, 2026
Backs: Currency conversion fee, Local account details
- norisbank.de/girokonto/privatkunden/vergleich-girokonten.... checked September 26, 2026
Backs: Audience, Features
“Kostenlose Bargeldauszahlung in Deutschland: An jedem Automaten”
- norisbank.de/service/kontakt-und-wissen/impressum.html checked September 26, 2026
Backs: Deposit protection, Headquarters, Legal entity, Support channels, Licences
“Geschaeftsadresse/Firmensitz Bundeskanzlerplatz 4, 53113 Bonn”
- norisbank.de/ueber-uns/norisbank/ueberblick.html checked September 26, 2026
Backs: Founded
Compiled from 6 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Term.