Your cookie choices

We use necessary cookies to make this site work. With your permission, analytics cookies help us understand usage and marketing cookies support advertising.

You can reject non-essential cookies and still use the site. Change your choices anytime in Cookie settings.

Cookie settingsCookie policy

PSD Bank Nürnberg 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

PSD Bank Nürnberg suits a euro saver who can leave money untouched for a fixed term and wants a predictable return. The term deposit pays a fixed rate of 2.75% to 3.31% for a term of 12 to 96, with funds protected under EU DGS at EU DGS up to EUR 100,000.

Key facts

Best for
A euro saver who can leave the money locked and wants a fixed return.
Headline rate
2.75% to 3.31%↗
Rate type
Fixed↗
Term
12 to 96 months↗
Minimum deposit
€1,000↗
Deposit protection
EU DGS up to EUR 100,000↗
Access terms
Term deposit, funds locked for the agreed term, no early termination, interest paid annually↗
Monthly fee
€2.90↗
Account kind
Fixed↗
Legal entity
PSD Bank Nürnberg eG↗
Headquarters
Germany↗
Founded
1936↗
Support channels
Email, Phone, Help-centre, Community↗
Pricing model
Fixed rate
Official website
psd-nuernberg.de

Everyday accounts

Local account details
IBAN↗
Audience
Freelancers
Features
Free ATM withdrawals

Facts checked September 26, 2026, 6 sources

Apps and profiles

Get the app
Google Play
Elsewhere
WikidataXLinkedInkununu.com

Pros and cons

Pros

  • Fixed rate of 2.75% to 3.31% for a term of 12 to 96, so the return is set for the whole period
  • Deposits are covered by EU DGS at EU DGS up to EUR 100,000
  • Support runs through email, phone and help centre, including phone and a help centre
  • A member-owned cooperative bank, PSD Bank Nürnberg eG, supervised in Germany

Cons

  • Funds are locked for the agreed term, so the balance is committed for the whole of 12 to 96 and pays interest annually at the end
  • A minimum deposit of €1,000 is needed before the fixed rate applies
  • The savings rate is fixed, so it does not follow rate rises during the term of 12 to 96
PSD Bank Nürnberg

Ready to try PSD Bank Nürnberg?

Scored 9.1 / 10 by VaultCue.

See alternatives

Who it suits

  • A saver in the German market who can lock funds for a term of 12 to 96
  • A freelancer who wants a euro current account with free cash machine withdrawals
  • Anyone who prefers a member-owned cooperative bank over an e-money wallet

Who should look elsewhere

  • Anyone who needs access to the money before the term of 12 to 96 ends, since there is no early termination
  • Plazo ES or AXI Card Tarjeta y Credito users who want card spending and a card rate of 24.19% or 21.59% rather than deposit interest
  • Savers who want an instant access account, since the savings product here is a fixed term deposit

Rates and card terms

The term deposit pays a fixed rate of 2.75% to 3.31%, with the rate type fixed for the whole placement. Terms run for 12 to 96, so the money is committed for the agreed period rather than being available on demand. Interest is paid annually, and funds are locked for the term with no early termination, which keeps the return predictable in exchange for giving up flexibility.

How PSD Bank Nürnberg compares

Where PSD Bank Nürnberg is available

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

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

Frequently asked questions

What rate does the term deposit pay?+

The fixed term deposit pays a fixed rate of 2.75% to 3.31% over a term of 12 to 96. Interest is paid annually, and funds stay locked for the agreed term with no early termination, so the rate is set for the whole period rather than tracking rate moves.

How much do I need to deposit?+

Deposits start at a minimum of €1,000, which is higher than the small minimums many listed savings accounts accept. The term deposit suits a saver who can place that amount and leave it untouched for the agreed term.

Is my money protected?+

Deposits are covered by EU DGS at EU DGS up to EUR 100,000. The bank is supervised by Bundesanstalt fuer Finanzdienstleistungsaufsicht (BaFin) in Germany, so the balance sits with a regulated bank rather than an e-money account.

Does PSD Bank Nürnberg suit freelancers?+

The current account is listed for freelancers, and cash machine withdrawals are free. The account costs €2.90 a month, and the current account details include an IBAN for receiving payments.

How do I get help?+

Help is available through email, phone and help centre, which covers phone, email, a help centre and a community. The bank is a German cooperative, PSD Bank Nürnberg eG, based in Germany, so it serves customers in the German market.

How established is the bank?+

The bank has operated since 1936 as a cooperative owned by its members, PSD Bank Nürnberg eG. A long history and cooperative status suit savers who prefer a member-owned institution.

How does the deposit work?+

You place money into the term deposit and it stays locked for the agreed term, with interest paid annually and no early termination. Funds are returned once the term of 12 to 96 ends, and withdrawals during the term are not possible.

Sources

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

PSD Bank Nürnberg

PSD Bank Nürnberg

A euro saver who can leave the money locked and wants a fixed return.

9.1/10See alternatives