For decades, inflation in Germany was steady at around 2–3% or even lower. However, after 2021, Germany’s economy faced a significant rise in inflation, much like other major global economies. As a result, the cost of everyday items in Germany saw noticeable increases, putting pressure on household budgets. 

Due to this, the European Central Bank (ECB) decided to increase interest rates to help citizens earn extra income on their savings. This is where you can leverage the Fintiba Current Account and earn passive income on your savings.

Earn interest on your money

Earning Interest on your money has become easier with Fintiba. The process is pretty straight forward for anyone. Here is a quick guide to open your Finitiba Current account online.

How to open a Finitiba Current account Online?

Opening the current account online with Fintiba is pretty simple. The documents which you need are as follows:

  • Proof of registration/proof of address (Meldebescheinigung)
  • Valid Passport

How to earn interest on your money?

You will start earning interest immediately after opening your bank account with Fintiba through a quick online process and depositing funds. You can easily track your earned interest in your Fintiba account.

Flexibility of your money

With Fintiba, you have full control over your money. You can deposit or withdraw funds anytime, without restrictions or fees. Whether you need quick access to cover unexpected expenses or simply want to move your money, Fintiba ensures seamless and flexible money management.

Security of your money

Your money is safe with us, held by a licensed German bank regulated by BaFin and the Bundesbank. All funds in the cash account are legally protected up to €100,000 per customer, ensuring your financial security at all times.

Track your money

With the Fintiba App, your money is always visible. You can easily track your balance and see the interest earned anytime, 24/7, right from your mobile device.

The Fintiba account opening process is quick and easy. Typically, it only takes a few minutes to set up your account once you’ve submitted all the required information.

Opening an account with Fintiba is free. However, there may be monthly maintenance fees or charges for certain services, depending on the type of account you choose.

No, interest income in Germany is not tax-free. It incurs a 25% withholding tax, plus additional surcharges. There’s a tax-free allowance of €1,000 for singles and €2,000 for couples. You can apply for an exemption (Freistellungsauftrag) if your earnings are below these limits.