Jules de Bruin
Expat in Vienna
Updated: April 27 2026 | Found helpful by 8 others
Updated April 2026. Scalable Capital pays 2.50% p.a. permanently on unlimited balance, the highest no-promo rate available to Austrian residents. DADAT Sparkonto and Santander BestFlex offer 2.40% p.a. for 3 months, then drop to roughly 1.25% to 1.50%. DenizBank promo 2.30% p.a. sits on an Austrian licence. Every account is protected up to EUR 100,000 by EU deposit insurance, with a flat 25% KESt withholding tax on interest. On EUR 10,000 the highest net year-one return is around EUR 188 after tax.
Anlagebetrag
Austria caps deposit insurance at EUR 100,000 per person per bank licence. Above that threshold, split deposits across institutions.
⌖Editor's call · April 2026
Best for EUR 10,000: the Scalable Tagesgeld, returning EUR 188 net in year one.
Scalable Capital🇩🇪 DEAAA2.50% blended yr-1
10 Tagesgeld accounts in our index
🇩🇪 Scalable Capital · AAA · 4.5 editorial
2.50% permanent rate, no expiry. Permanent 2.50% rate, no expiry.
Net year 1 · post-KESt
+188
EUR · on 10,000
Blended yr-1 2.50%
🇩🇪 Trade Republic Bank · AAA
Net year 1
+150EUR
post-KESt · on 10,000 EUR
2.00% p.a. · no expiry
Blended yr-1 2.00%
🇫🇷 Renault Bank direkt · AA
Net year 1
+135EUR
post-KESt · on 10,000 EUR
1.80% p.a. for 12 mo, then 0.58%
Blended yr-1 1.80%
🇦🇹 Santander Consumer Bank · AA+
Net year 1
+129EUR
post-KESt · on 10,000 EUR
2.40% p.a. for 3 mo, then 1.50%
Blended yr-1 1.73%
🇦🇹 DADAT Bank · AA+
Net year 1
+115EUR
post-KESt · on 10,000 EUR
2.40% p.a. for 3 mo, then 1.25%
Blended yr-1 1.54%
🇦🇹 Austrian Anadi Bank · AA+
Net year 1
+114EUR
post-KESt · on 10,000 EUR
1.90% p.a. for 3 mo, then 1.40%
Blended yr-1 1.52%
🇦🇹 Porsche Bank · AA+
Net year 1
+113EUR
post-KESt · on 10,000 EUR
1.50% p.a. · no expiry
Blended yr-1 1.50%
🇦🇹 DenizBank Austria · AA+
Net year 1
+99EUR
post-KESt · on 10,000 EUR
2.30% p.a. for 3 mo, then 1.00%
Blended yr-1 1.32%
🇦🇹 Addiko Bank · A+
Net year 1
+84EUR
post-KESt · on 10,000 EUR
2.25% p.a. for 4 mo, then 0.55%
Blended yr-1 1.12%
🇦🇹 bank99 · A+
Net year 1
+66EUR
post-KESt · on 10,000 EUR
2.00% p.a. for 3 mo, then 0.50%
Blended yr-1 0.88%
Austria taxes interest income at a flat 25% Kapitalertragsteuer (KESt). There is no saver's allowance like the German Sparerpauschbetrag, so every euro of interest is taxed. The after-tax return is what lands in your account and is the number every tile above shows in the green "Net year 1" box.
| Feature | Tagesgeld | Festgeld | Sparbuch |
|---|---|---|---|
| Access | Daily | After fixed term (3-60 mo) | Daily or 3-mo notice |
| Rate type | Variable | Fixed for term | Variable |
| Typical 2026 rate | 1.50 to 2.50% p.a. | 2.00 to 3.00% p.a. | 0.01 to 0.50% p.a. |
| KESt | 25% | 25% | 25% |
| Best for | Emergency fund | 6+ month savings | Conservative legacy savers |
As of April 2026, Scalable Capital and Trade Republic offer the highest permanent rates (2.50% and 2.00% p.a. respectively) on unlimited balance, available to Austrian residents. For promotional rates, DenizBank Austria leads at 2.30% p.a. for 3 months and DADAT Sparkonto at 2.40% p.a. for 3 months. After the promo period, post-promo rates fall sharply (often to 0.50 to 1.50% p.a.), so always factor in the blended year-one rate, not just the headline.
Austrian residents pay a flat 25% Kapitalertragsteuer (KESt) on all interest income. Most domestic banks (DADAT, DenizBank, Anadi, bank99) and some EU banks withhold KESt automatically (steuereinfach). For foreign banks (Trade Republic, Scalable Capital, Renault Bank), you must self-declare interest in your annual tax return. There is no Sparerpauschbetrag (saver's allowance) in Austria, unlike Germany.
Yes. Every EU bank operating in Austria is covered by deposit insurance up to EUR 100,000 per person per bank licence. In Austria, the scheme is run by Einlagensicherung Austria (ESA). For deposits above EUR 100,000, split across multiple banks. Insurance pays out within 7 working days of a bank failure under EU directive 2014/49/EU.
Tagesgeld is a flexible savings account with daily access and a variable rate. Festgeld is a fixed-term deposit (3 to 60 months) with a fixed rate, usually 0.5 to 1.0 percentage points higher than Tagesgeld. A Sparbuch is the traditional Austrian passbook savings account at branch banks, typically with low rates (0.01 to 0.50% p.a.) and either daily access or a 3-month notice period. For emergency funds, Tagesgeld; for medium-term savings, Festgeld; Sparbuch is mostly legacy.
It depends on the provider. Austrian banks (DADAT, DenizBank, Anadi, bank99, Porsche Bank) require an Austrian IBAN as the reference account for deposits and withdrawals. EU banks like Trade Republic, Scalable Capital, and Renault Bank accept any SEPA IBAN, including German, Dutch, or other Austrian IBANs. For new arrivals without an Austrian bank account, the latter group is the easier entry point.
Steuereinfach (literally tax-simple) means the bank automatically withholds the 25% Austrian KESt on interest and remits it to the Finanzamt on your behalf. You do not need to declare the income in your annual Einkommensteuererklärung. Most Austrian banks and some EU banks (DenizBank, DADAT, bank99) are steuereinfach; foreign-domiciled banks (Trade Republic, Scalable, Renault) usually are not, requiring self-declaration.
The Austrian-IBAN reference account most Tagesgeld providers require.
Pair your savings with a fee-aware card. Live finder included.
Beyond Tagesgeld: when to step up to ETF and discretionary portfolios.
How interest income is reported when your bank is not steuereinfach.
Rates verified April 2026 against issuer pages. Tagesgeld conditions change frequently; always confirm the current promo and post-promo rates on the issuer's site before opening an account.