Under EU law, all offers for fixed-term deposits including interest income up to the equivalent of EUR 100,000 are 100% protected for each customer by the bank (statutory deposit protection via the compensation facility of German banks GmbH (EdB)).

In addition, selected German banks, such as the August Lenz bank, GEFA Bank, Greensill Bank and GRENKE Bank, are taking part in the extension of the coverage through the Association of German Banks (BdB). This additional deposit insurance covers the maximum possible investment amounts with WeltSparen for deposits with terms of up to 18 months.

You can also find more information on our blog, on our website or at WeltSparen directly (GmbH & UG, Sole Proprietors)