Sparda-Bank Hamburg review
Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Sparda-Bank Hamburg offers a fixed-term deposit for German savers who want a guaranteed rate and the EU deposit guarantee. It is free to hold, but the money is tied up for a term of 12 to 60, so it suits patient savers rather than those needing early access.
Key facts
- Best for
- A guaranteed rate with deposit protection, for savers who can lock money away for the term.
- Headline rate
- €1.35 to €3↗
- Rate type
- Fixed↗
- Term
- 12 to 60 months↗
- Minimum deposit
- €1,000↗
- Deposit protection
- EU DGS up to EUR 100,000↗
- Access terms
- Fixed-term deposit; guaranteed fixed rate for a chosen term up to 5 years; interest credited at maturity for terms up to one year and at the end of each investment year for terms of one year and longer; deposits protected up to 100,000.00 EUR by statutory deposit guarantee; opened online or in branch.↗
- Monthly fee
- €0↗
- Account kind
- Fixed↗
- Legal entity
- Sparda-Bank Hamburg eG↗
- Headquarters
- Germany↗
- Founded
- 1903↗
- Support channels
- Email, Phone↗
- Pricing model
- No monthly fee, Fixed rate
- Official website
- sparda-bank-hamburg.de
Everyday accounts
Pros and cons
Pros
- A monthly fee of €0, in line with the €0 site median.
- Deposits are safeguarded by the EU deposit guarantee, EU DGS up to EUR 100,000, under BaFin regulation.
- A guaranteed fixed rate of €1.35 to €3 over a term of 12 to 60, so the return is known upfront.
- Free ATM withdrawals and joint accounts, free atm and joint account, plus instant transfers, Instant payment (Echtzeitueberweisung), up to 100,000 EUR, suit savers who bank day to day.
Cons
- The headline rate of €1.35 to €3 is around the 3% site median, and the brand ranks 365 of 473 on rate.
- The minimum deposit of €1,000 is well above the €0.17 median for savings products, putting small savers off.
- Support runs on email and phone only, with no live chat or help centre.
Who it suits
- German savers who want a guaranteed fixed rate and strong deposit protection over maximising yield.
- Teen savers, teen, who can commit a lump sum, noting this is a fixed account with terms of 12 to 60.
- Anyone comfortable holding a fee-free account, €0, with free ATM withdrawals and joint accounts, free atm and joint account.
Who should look elsewhere
- Rate chasers: paypal-colombia, 3.3%, offers a higher headline rate than this fixed deposit's €1.35 to €3.
- Anyone who needs flexible access, since the fixed term of 12 to 60 locks the money away with no early access.
The company behind it
The legal entity is Sparda-Bank Hamburg eG, a bank based in Germany and founded in 1903. It is regulated by BaFin, and customer deposits are safeguarded under the EU deposit guarantee rather than exposed to market swings. Support runs through email and phone.
How Sparda-Bank Hamburg compares
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Where Sparda-Bank Hamburg 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 is the minimum deposit?+
The minimum deposit is €1,000 for this fixed-term account, which is higher than the €0.17 median for savings products. There is no monthly fee, €0, so the cost is the cash you must lock up for the term rather than a fee.
How long do I need to keep the money in?+
This is a fixed account, so the money stays in for a chosen term of 12 to 60. Interest is guaranteed at a fixed rate for that whole period, meaning you know the return upfront but cannot reach the money until maturity.
Is my money safe?+
Yes. Deposits are protected by the EU deposit guarantee, EU DGS up to EUR 100,000, and the bank is regulated by BaFin. Because this is a bank deposit rather than an investment fund, the money is safeguarded up to the guarantee limit rather than exposed to market swings.
What does it cost to hold and move money?+
The monthly fee is €0, matching the site median of €0. Online and terminal transfers cost €0, with a charge only for paper transfers. Instant transfers, Instant payment (Echtzeitueberweisung), up to 100,000 EUR, are supported, and the account uses an IBAN, iban, for European transfers.
When is the interest paid?+
Interest is credited at maturity for shorter terms and at the end of each investment year for longer terms, as set out in the account terms. Payouts go to a linked bank account, bank.
Who is this account aimed at?+
The account is marketed toward teen savers, teen, as well as German retail customers. Because it is a fixed product with a minimum of €1,000, it suits those who can commit a lump sum for the term rather than those saving a little each month.
How do I open the account?+
The fixed-term deposit can be opened online or in a branch, as set out in the account terms. Day-to-day banking runs on a separate current account that offers free ATM withdrawals and joint accounts, free atm and joint account, so the fixed deposit sits alongside ordinary payments.
Sources
- de.wikipedia.org/wiki/Sparda-Bank_Hamburg checked September 26, 2026
Backs: Founded
“Gründung 23. November 1903”
- sparda-bank-hamburg.de checked September 26, 2026
Backs: Audience
“New: the children and youth account now with free tutoring from ubiMaster worth 1,780 euros for everyone aged 10-19”
- sparda-bank-hamburg.de/anlegen-und-sparen/geld-anlegen/fe... checked September 26, 2026
Backs: Access terms, Account kind, Headline rate, Minimum deposit, Pricing model, Monthly fee, Rate type, Term
“Mindestanlage bereits ab 1.000 Euro”
- sparda-bank-hamburg.de/impressum.html checked September 26, 2026
Backs: Deposit protection, Headquarters, Legal entity, Support channels, Licences
“Sparda-Bank Hamburg eG ... Rechtsform: Eingetragene Genossenschaft ... Eintragung beim Amtsgericht Hamburg, GnR 835”
- sparda-bank-hamburg.de/konto-und-karten/girokonto-modelle... checked September 26, 2026
Backs: Delivery time, Features, Local account details, Payout methods, Transfer fee, Fee to send 1,000
“Free with the classic girocard at all cash machines of the Sparda banks and of the CashPool”
Compiled from 5 source pages, checked September 26, 2026. We did not open an account.
Related by the facts
Sparda-Bank Hamburg
A guaranteed rate with deposit protection, for savers who can lock money away for the term.