OLB

OLB is a brand of Oldenburgische Landesbank AG, a bank from Germany. From the Netherlands you open an account through the savings platform Raisin: one Raisin account, with your money held at OLB in your name.

For €50,000 we list 8 deposits from OLB, with terms from 3 months to 5 years. The best-paying deposit runs for 1 year at an effective 2.61% a year.

The lowest minimum deposit is €5,000.

Savings at OLB 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.