How do I find German certificates of deposits (cd)? wie finde ich deutsche cds?

6d 15h ago by lemmy.ml/u/springs283 in dach@feddit.org

This is an investment instrument, common in the US. You lend your money to an institution for a short period of time (6 months) and in exchange you get a higher yield than in a typical savings account. You cannot touch the money in this 6 months, you pay taxes on the accrued interest, you get the difference as profit. According to wikipedia, the German noun for certificate of deposit is Sparbrief.

I haven’t found any Sparbrief offering on scalable capital, trade republic or comdirect, nor on the internet and wonder if I’m doing something wrong.

If you happen to be in a similar situation, what cds would you recommend? Is there a webpage that lets me compare?

Might be Festgeld/Termingeld?

German Wikipedia https://de.wikipedia.org/wiki/Termingeldtranslate to english button yields https://en.wikipedia.org/wiki/Time_depositwhere CD in the US is mentioned in the 1st sentence.

With Comdirect you get 1.7% interest for fixed 2 years or 1.5% for 1 year.

For all things finance I can only recommend Finanztip! https://www.finanztip.de/festgeld/

yup, thanks

You lend your money to an institution

Do you mean a consumer bank or any institution? If you're looking for the latter, the German name for it would be Anleihen. You can lend money to states (Staatsanleihen), public institutions like the European Investment Bank or private companies.

You can use this tool to find and filter publicly traded 'Anleihen': https://www.boerse-stuttgart.de/de-de/tools/produktsuche/anleihen-finder/

Sparbrief is something you get at the Sparkasse, I don't think the neo banks are offering them. I remember them from my childhood, but I don't think they are very relevant today. It sound you maybe mean public and/or corporate bonds?

My parents bought me Staatsanleihen when i was born. I got to use the money when I grew 20 or something.

Is that what you are looking for?

Edit: typo

Check out Termingeld