Term Deposit Calculator — Eurozone
Calculate your fixed-deposit maturity value and interest in EUR at current rates. No signup, no account needed.
Enter a deposit amount, a rate between 0% and 100%, and a term above zero (up to 50 years) to see results.
Fixed deposit rates in Eurozone (2026)
The ECB raised its deposit facility rate to 2.50% on 16 September 2026 (its second hike of 2026, after 2.25% in June). Named banks' 12-month EUR Festgeld rates were around 2.3% in early September, just before this hike -- this calculator uses 2.5% to track the post-hike policy rate, pending confirmation of banks' repriced retail rates. Check each bank's own rate page for current offers.
At around 2.5%, the fixed-deposit rate in Eurozone is on the low side by international standards.
Reference figures, ~2026. FD interest is often taxable and rates vary by bank and tenure - verify the current rate before depositing.
Worked example
For every €20,000 deposited at 2.50% for 5 years (quarterly compounding):
- Maturity value: €22,654
- Interest earned: €2,654
Scale to your deposit amount. Longer tenures and higher rates grow the maturity value; compare banks before locking in.
How to get the best fixed-deposit return in Eurozone
- Compare several banks - smaller and digital banks often pay more than the big high-street names.
- Ladder your deposits across different tenures so some matures regularly and you can reinvest at new rates.
- Check how often interest compounds; more frequent compounding grows the maturity value.
- Factor in tax on the interest, and compare against short-term government bills or bonds.
A named-bank rate check: term deposits for Eurozone savers (2026)
Just before the ECB's September rate decision, ING's German retail arm (ING-DiBa) was paying 2.3% p.a. on a 12-month EUR Festgeld (fixed-term deposit, 1 September 2026 pricing), with comparable named challenger banks — Hanseatic Bank (2.33%), SWK Bank (2.31%) and GarantiBank International (2.30%) — clustering around the same level for a standard 1-year EUR term deposit. Since then, the European Central Bank has raised its deposit facility rate twice in 2026: first to 2.25% in June (its first hike in three years), then again to 2.50% on 16 September 2026, both moves in response to renewed inflation pressure tied to the Middle East conflict's effect on oil prices.
We have not yet confirmed how quickly named banks repriced their Festgeld offers after the 16 September hike -- online banks in this segment have historically adjusted within weeks rather than instantly. Rather than keep the pre-hike 2.3% figure (which would understate today's environment) or guess at an unconfirmed repriced figure, this calculator uses 2.5%, tracking the new ECB policy rate directly; treat it as a reasonable current estimate rather than a confirmed named-bank quote, and expect actual retail offers to land close to, and plausibly a little above, this level as banks catch up.
A more realistic example: depositing €10,000 into a 1-year EUR term deposit at 2.5% p.a., compounded annually, grows to €10,250.00 after one year (€250 in interest). Held for 3 years at the same rate with annual compounding, the same €10,000 grows to €10,768.91 — €768.91 in total interest.
Frequently Asked Questions
How is FD maturity calculated in Eurozone?
Maturity = P × (1 + r/4)^(4n) for quarterly compounding, where P is the deposit, r the annual rate and n the years. fin·calc uses this standard method.
What is the current FD rate in Eurozone?
As a 2026 reference, fixed-deposit rates are around 2.5% per year, varying by bank and tenure. The ECB raised its deposit facility rate to 2.50% on 16 September 2026 (its second hike of 2026, after 2.25% in June). Named banks' 12-month EUR Festgeld rates were around 2.3% in early September, just before this hike -- this calculator uses 2.5% to track the post-hike policy rate, pending confirmation of banks' repriced retail rates. Check each bank's own rate page for current offers.
Is FD interest taxable in Eurozone?
In most countries FD interest is taxable as income; some offer tax-advantaged or senior-citizen options. Check your local rules - the calculator shows the pre-tax maturity value.
Is a fixed deposit safe in Eurozone?
Fixed deposits carry no market risk. In the Eurozone, bank deposits are typically protected by a national deposit-insurance scheme up to a set per-depositor limit. Confirm the current cap and which banks qualify before you deposit. They trade higher safety for lower long-term returns than equities.
Should I choose a fixed deposit or invest instead in Eurozone?
A fixed deposit gives a guaranteed return and suits money you cannot afford to risk. Investing targets higher long-term growth but can fall in value. Many people keep an FD for safety and invest separately for growth.
What EUR term deposit rate can I actually get from a named bank right now?
Just before the ECB's 16 September 2026 rate hike, ING-DiBa (Germany) was paying 2.3% p.a. on a 12-month EUR Festgeld, with comparable online banks such as Hanseatic Bank (2.33%), SWK Bank (2.31%) and GarantiBank International (2.30%) offering similar 1-year rates. Since the ECB has since raised its deposit facility rate to 2.50%, expect named-bank retail rates to move up from these figures over the following weeks as banks reprice.
Why did fin·calc change this rate from 2.3% to 2.5%?
The European Central Bank raised its deposit facility rate to 2.50% on 16 September 2026 (its second hike of the year, after 2.25% in June). The 2.3% figure was based on named-bank rates quoted just before that hike -- we've moved the calculator's default to 2.5% to track the new policy rate while banks catch up with their own repricing.
Why do term deposit rates sit above the ECB deposit facility rate?
Banks pay savers a small premium over the ECB's deposit facility rate to compensate for locking up funds for a fixed term instead of leaving them accessible. With the ECB's rate now at 2.50% (16 September 2026), expect 1-year EUR term deposits from named banks to settle somewhat above that level once they reprice, similar to the roughly 0.05-0.1 percentage point premium seen before the hike.
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Sources
Deposit rates are compiled from each country's central-bank publications and the typical offerings of its major banks, reviewed for 2026 and subject to change — always confirm the current rate with your bank before depositing. See our methodology and editorial policy for how we source and update this data.
Additional sources for this page
ING Festgeld rates via reisetopia.de (1 September 2026, pre-hike): ING Festgeld interest rates by term. European Central Bank key interest rates, checked 22 September 2026 (confirms the 2.50% deposit facility rate effective 16 September 2026): ECB Key Interest Rates. See our methodology and editorial policy for how we source and update this data.