High-Yield German Savings Offers Reflect a Shifting, More Competitive Deposit Market

Overview

• Ayvens Bank at 2.3%, Gefa Bank at 1.9% and Klarna at 1.75% offer rates that in some cases exceed December 2025 inflation of 1.8%, according to Finanztip.
• These providers channel deposits into targeted lending such as vehicle leasing fleets, Mittelstand equipment finance or short-term consumer credit, and they generally do not include worldwide debit-card ATM access.
• Incumbents are using teaser deals to win deposits, including Comdirect’s 3% for six months with a new checking account and ING’s 2.75% for four months.
• Raisin is promoting 3.20% for three months for new customers via a Deutsche Bank-held account with German deposit insurance coverage up to 100,000 euros.
• Competition is intensifying as licensed fintechs expand services—Trade Republic now offers a giro account with a global-use debit card—while BBVA has launched in Germany with 3% on checking balances and JPMorgan Chase plans a 2026 entry.