Everything You Need to Know Go to Savings Account

• Savings Accounts

  Savings accounts have notice periods ranging from 3 to 48 months. You can save at any time and for as long as you like. The only requirement is a minimum deposit of just 10 euros. Interest rates are variable. After a 3-month non-withdrawal period, you can access your balance subject to the applicable notice period. With a savings account that has a 3-month notice period, you can withdraw up to 2,000 euros of your balance per calendar month.

• Fixed-Rate Savings

  Starting with a minimum deposit of just 2,500 euros, we offer you a lucrative investment with a fixed term of 6 to 60 months and a fixed interest rate. You can access your savings after the fixed-interest period ends, subject to a 3-month notice period.

• Growth Savings – with Rising Interest Rates

  With a minimum deposit of just 2,500 euros, you can invest your money for up to 5 years. The fixed interest rate increases annually from the first to the fifth year. If you need to access your funds early, you can withdraw the entire balance no sooner than 12 months after opening the account, subject to a 3-month notice period.

• Installment/Capital Formation Savings – Building Wealth in Small Steps

  You make regular monthly payments of a fixed amount starting at 30 euros into the installment savings plan over 6 years. Alternatively, as an employee, you may invest up to 480 euros per year in a capital-forming savings plan. That’s 40 euros per month, which your employer ideally covers in full. The interest rate is variable. Once the installment period ends, the accumulated balance will be available to you as of January 1 of the following year.

For all savings products, interest is generally credited on December 31 of each calendar year.

You must provide written notice to cancel your savings account. This notice remains valid for four weeks. The funds in your savings account will be available to you during this period without accruing interest in advance. The notice period depends on the type of savings account you have opened. Fixed-rate savings accounts and growth savings accounts must be terminated no later than three months before maturity.

For your savings accounts, you can set up a power of attorney during your lifetime and a contract in favor of a third party in the event of your death. Power-of-attorney documents are account-specific and therefore do not automatically apply to all savings accounts. To set up a power of attorney, you and the authorized representative must schedule a joint appointment at our office.

You can submit an exemption request for your investment income (dividends + interest). To do so, please use our form. The tax exemption request can only be considered if it is submitted in a timely manner, i.e., before the interest is credited to your account.

To open a savings account, the investor or a relative must be a member of BBG. Savings accounts can be opened for individuals or for married couples.

Deposits and withdrawals can be made in cash or by bank transfer. Bank transfers can only be made to the account holder. We require a written authorization bearing your personal signature, and a valid ID must be presented or submitted.

Cash deposits can be made at our administrative office by prior appointment. For cash deposits of 10,000 euros or more, we must ask you to provide appropriate documentation regarding the source of the funds (e.g., a withdrawal receipt from another bank, a bank statement, or similar). Cash withdrawals of 5,000.00 euros or more must be scheduled at least one week in advance.

To open a new savings account, you must schedule an in-person appointment at our office. To open the account, you must present valid identification and your personal tax ID.

Savings accounts can be closed without incurring advance interest, provided the required notice period is observed. If the account is closed early without prior notice, advance interest will be charged. To close the account, you must present the savings passbook, a written authorization, and valid identification.

All account transactions are listed in your savings passbook. This will be given to you upon successful account closure and should be submitted annually for the necessary updates. Simply schedule an appointment with our savings department.

Savings accounts can be opened for minors. The savings agreement must be signed by both legal guardians.