TARGOBANK review
Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026
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Our verdict
TARGOBANK suits savers who need same-day access to the full balance, and students and teens building a first balance. It is an easy access account from a bank that has operated since 1926, with deposits covered under EU DGS up to EUR 100,000 and support running on email and phone.
Key facts
- Best for
- Same-day access to a variable rate with a low entry point.
- Headline rate
- 3.25%↗
- Rate type
- Variable↗
- Minimum deposit
- €0↗
- Deposit protection
- EU DGS up to EUR 100,000↗
- Access terms
- Daily availability of the full balance, no notice period; withdrawals to the reference account, minimum age 14, reference account required↗
- Monthly fee
- €0↗
- Account kind
- Easy access↗
- Legal entity
- TARGOBANK AG↗
- Headquarters
- Germany↗
- Founded
- 1926↗
- Support channels
- Email, Phone↗
- Pricing model
- No monthly fee
- Official website
- targobank.de
Pros and cons
Pros
- The full balance is available daily with no notice period, and withdrawals go to the reference account, so the easy access setup stays genuinely liquid.
- Deposits sit under EU DGS up to EUR 100,000, a named compensation scheme rather than a private promise.
- free atm comes with the account, and the bank lists student and teen as its audience.
Cons
- Support runs on email and phone only, which is a narrow channel list for a retail savings product.
- A transfer handled in a branch carries a charge, while online and SEPA transfers stay free.
- The rate is variable, so savers after a locked return get no fixed term here.
Who it suits
- Savers who want the full balance back the same day without giving notice.
- Students and teens starting out, since the listed audiences are student and teen.
- Euro holders who prefer a bank to an app: TARGOBANK AG is based in Germany and has run since 1926.
Who should look elsewhere
- Plazo ES, listed at 24.19%, and AXI Card Tarjeta y Credito, at 21.59%, sit well above 3.25%, so rate hunters have other places to look.
- PayPal Colombia, at 3.3%, edges ahead of 3.25% and suits people who would rather hold a wallet balance than bank savings.
Fees and FX
The savings account carries a monthly fee of €0 and a minimum deposit of €0. Nothing is taken out of the balance each month and there is no threshold to clear, so the full amount stays available. Cost sits at that level for a saver, and both figures are the only charges to track.
How TARGOBANK compares
9.4 vs 8.6
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9.4 vs 9.0
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9.4 vs 8.0
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9.4 vs 8.5
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9.4 vs 9.0
Where TARGOBANK is available
- Available
- Germany
- Licence in Germany
- Europäische Zentralbank, checked September 26, 2026
- Licence in Germany
- Bundesanstalt für Finanzdienstleistungsaufsicht, checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What rate does TARGOBANK pay on this savings account?+
The account pays a headline rate of 3.25% that is variable, so the figure can move with the bank's pricing rather than being locked in. The account is easy access, which keeps the money available while it earns. Deposits sit with TARGOBANK AG, which is based in Germany.
Is there a monthly fee or a minimum deposit?+
A monthly fee of €0 applies to the savings account, and the minimum deposit is €0. In practice the account can be opened with a small first transfer and left running without a monthly charge to watch for. The features listed for the account include free atm.
Is my money protected?+
Deposits are covered under EU DGS up to EUR 100,000. The account is held by TARGOBANK AG, a bank rather than an app provider, and the money sits in a single named scheme rather than a mix of different safeguards. Anyone saving beyond the covered amount would need to spread the balance.
Which regulators oversee TARGOBANK?+
In Germany the bank is supervised by the Europäische Zentralbank and the Bundesanstalt für Finanzdienstleistungsaufsicht, and the legal entity is TARGOBANK AG, based in Germany. Supervision of that kind is what sits behind EU DGS up to EUR 100,000 on the savings account.
How quickly can I get my money out?+
The full balance is available daily and there is no notice period, so money can be taken out the same day it is needed. Withdrawals go to the reference account, which has to be in place first, and the account is easy access in structure. Transfers made online or through SEPA cost nothing, while a branch transfer carries a fee.
Who is this account aimed at?+
The listed audience is student and teen, and opening it needs a reference account plus a minimum age. Students and younger savers can run it as a first balance home, with €0 to lodge and a monthly fee of €0.
How do I reach the bank if something goes wrong?+
Support runs on email and phone, so questions can go by email or by phone. Both are handled by the bank itself, TARGOBANK AG, rather than by an outside partner. There is a minimum age for holding the account, and a reference account has to be named before withdrawals can run.
How long has the bank been running?+
TARGOBANK has been operating since 1926, and the legal entity behind the account is TARGOBANK AG, headquartered in Germany. A long history matters here mainly because it explains the banking supervision that comes with EU DGS up to EUR 100,000.
Sources
- targobank.de/de/konto-karten/girokonten.html checked September 26, 2026
Backs: Audience
- targobank.de/de/konto-karten/online-konto.html checked September 26, 2026
Backs: Free ATM withdrawals, Features, Transfer fee
“Bargeld heben Sie an allen TARGOBANK Automaten kostenlos ab.”
- targobank.de/de/impressum/index.html checked September 26, 2026
Backs: Deposit protection, Headquarters, Legal entity, Support channels, Licences
“TARGOBANK AG, Kasernenstr. 10, 40213 Düsseldorf”
- targobank.de/de/sparen-geldanlage/tagesgeld.html checked September 26, 2026
Backs: Access terms, Account kind, Headline rate, Minimum deposit, Pricing model, Monthly fee, Rate type
“Alle Zinssätze variabel, Änderungen vorbehalten.”
- targobank.de/de/ueber-uns/geschichte/index.html checked September 26, 2026
Backs: Founded
Compiled from 5 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Term.