Hamburg Commercial Bank

Hamburg Commercial Bank is a bank from Germany. From the Netherlands you open an account through the savings platform Raisin: one Raisin account, with your money held at Hamburg Commercial Bank in your name.

For €50,000 we list 4 deposits from Hamburg Commercial Bank, with terms from 2 years to 5 years. The best-paying deposit runs for 5 years at an effective 3.10% a year.

The lowest minimum deposit is €5,000.

Savings at Hamburg Commercial Bank fall under Entschädigungseinrichtung deutscher Banken GmbH (EdB), the statutory deposit guarantee scheme of Germany, up to €100,000 per person. We checked that with the supervisor or the scheme itself. Germany does not withhold tax on the interest of a saver who lives in the Netherlands.