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PSD Bank Karlsruhe-Neustadt review

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

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Our verdict

PSD Bank Karlsruhe-Neustadt suits German teens and cooperative bank members who want somewhere safe to keep money rather than somewhere to grow it. A €0 minimum deposit, girokonto fees of €0 to €4.90 and EU DGS up to EUR 100,000 of cover all read well beside its variable 0.01%.

Key facts

Best for
A cooperative member in Germany who values protected savings and low fees over the highest rate
Headline rate
0.01%↗
Rate type
Variable↗
Minimum deposit
€0↗
Deposit protection
EU DGS up to EUR 100,000↗
Access terms
Unlimited-term savings deposit, minimum holding period 3 months, 3-month notice period, up to EUR 2,000 per month free of advance interest; savings rate from EUR 5 per month↗
Monthly fee
€0 to €4.90↗
Account kind
Easy access↗
Legal entity
PSD Bank Karlsruhe-Neustadt eG↗
Headquarters
Germany↗
Founded
2000↗
Support channels
Email, Phone, Help-centre↗
Official website
psd-karlsruhe-neustadt.de

Everyday accounts

Currency conversion fee
0%↗
Local account details
IBAN↗
Free ATM withdrawals
€0↗
Transfer fee
Online transfer included as a basic service (Basisleistungen)↗
Audience
Teens
Features
Free ATM withdrawals

Facts checked September 26, 2026, 7 sources

Apps and profiles

Elsewhere
WikidataLinkedIn

Pros and cons

Pros

  • Minimum deposit of €0, which ranks 1 of 370 brands on that measure
  • Girokonto fees of €0 to €4.90, with cash machine withdrawals of €0 and online transfers included as a basic service
  • Currency conversion of 0% on the card, under the site median of 0.5%
  • Support runs on email, phone and help centre

Cons

  • A headline rate of 0.01% sits far below the savings median of 3.08%
  • Savings opened from €0 carry a minimum holding period and a notice period
  • The account kind is easy access (easy access) on a variable rate (variable), so the rate is not held for a fixed term

Ready to try PSD Bank Karlsruhe-Neustadt?

Scored 9.1 / 10 by VaultCue.

See alternatives

Who it suits

  • Members of the cooperative in Germany who want a straightforward savings pot
  • Teens in Germany, a group the bank lists among its audience
  • Readers who rank a €0 minimum deposit and EU DGS up to EUR 100,000 of cover above the rate on offer

Who should look elsewhere

  • Plazo ES, whose 24.19% pays anyone shopping mainly for the rate
  • AXI Card, whose 21.59% suits savers who want the highest yield, not a cooperative account
  • PayPal Colombia, whose 3.3% fits readers keeping a balance in Colombia

Deposit protection

Balances sit with a German bank rather than an app, and deposits are covered by EU DGS protection of EU DGS up to EUR 100,000. That cap sets how much the scheme repays if the bank fails, and larger balances sit above it. The bank is supervised in its home market by the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin), which adds a second layer of oversight on top of the deposit cover.

The company behind it

The provider is PSD Bank Karlsruhe-Neustadt eG, a cooperative bank based in Germany and founded in 2000. As a cooperative, it is owned by its members rather than listed shareholders, and the savings sit inside that same institution. Support runs on email, phone and help centre, and the account details use an IBAN for local transfers.

How PSD Bank Karlsruhe-Neustadt compares

Where PSD Bank Karlsruhe-Neustadt is available

Available
Germany
Licence in Germany
Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin), checked September 26, 2026

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

Frequently asked questions

What rate does the account pay?+

The rate is variable, and the account is an easy-access one rather than a fixed term deposit. The headline rate is 0.01%, well below the savings median of 3.08% across the site, so the appeal is convenience rather than yield.

How much do I need to open the account?+

The minimum deposit is €0, and the brand ranks 1 of 370 brands on that measure. Nothing has to be lodged to start, so it stays a low commitment for a first account.

What do the fees look like?+

Girokonto fees run €0 to €4.90, and cash machine withdrawals are €0. Online transfers are included as a basic service, so the everyday cost of using the account for payments is low.

Is my money protected?+

Deposits are covered by EU DGS protection of EU DGS up to EUR 100,000. The money is held by a German cooperative bank, not an app platform, which is a different risk profile from a wallet balance.

Who is the account aimed at?+

The bank lists teens among its audience, and the free cash machine feature suits younger customers who still withdraw often. Cooperative members get the same easy-access savings with an IBAN for local transfers.

Can I spend money abroad with it?+

Currency conversion on the card is 0%, below the site median of 0.5%. That makes spending in the euro area cheap, and it is one of the weaker reasons to look elsewhere for a travel account.

When can I get at my savings?+

The savings account is unlimited term, so there is no end date, but withdrawals run against a notice period and a minimum holding period applies. Treat it as money you can leave rather than cash you reach for the same week.

Sources

Compiled from 7 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Term.

PSD Bank Karlsruhe-Neustadt

A cooperative member in Germany who values protected savings and low fees over the highest rate

9.1/10See alternatives