Compare Savings Accounts in Austria

Savings accounts in Austria are tracked across high-street banks, building societies and digital challengers, with all eligible deposits protected under Austria's deposit guarantee scheme up to €100,000. Compare introductory bonus rate expiry dates carefully — many top-rate accounts revert to a lower standard rate after 12 months, and the switch requires action to retain the rate.

19 live savings accounts offers tracked across 18 Austrian providers, with rates from 1.50% AER. Data current as of 23 October 2026 and updated daily from the Giraffy database.

Live offers

19 live offers compared from 18 providers, from 1.50% AER. Updated daily.

Erste Bank s Privat-Konto Sparen AT Erste Bank

1.50% AER

  • Deposit Protection: EU DGS — up to €100,000
  • Interest Rate: 1.50% p.a.
  • Account Type: Instant access savings
  • Term: Instant access
  • Balance Limits: No limit

Raiffeisen Sparbuch AT Raiffeisen Bank AT

1.75% AER

  • Deposit Protection: EU DGS — up to €100,000
  • Interest Rate: 1.75% p.a.
  • Account Type: Instant access savings
  • Term: Instant access
  • Balance Limits: No limit

Bank 99 Sparkonto AT Bank 99 AT

1.80% AER

  • Deposit Protection: EU DGS — up to €100,000
  • Interest Rate: 1.80% p.a.
  • Account Type: Instant access savings
  • Term: Instant access
  • Balance Limits: Up to EUR 100,000

Volksbank Sparbuch AT Volksbank AT

1.90% AER

  • Deposit Protection: EU DGS — up to €100,000
  • Interest Rate: 1.90% p.a.
  • Account Type: Instant access savings
  • Term: Instant access
  • Balance Limits: No limit

BKS Bank Sparen AT BKS Bank AT

2.10% AER

  • Deposit Protection: EU DGS — up to €100,000
  • Interest Rate: 2.10% p.a.
  • Account Type: Instant access savings
  • Term: Instant access
  • Balance Limits: No limit

easybank Tagesgeld AT easybank AT

2.25% AER

  • Deposit Protection: EU DGS — up to €100,000
  • Interest Rate: 2.25% p.a.
  • Account Type: Instant access savings
  • Term: Instant access
  • Balance Limits: Up to EUR 100,000

Hypo NÖ Savings AT Hypo NÖ AT

2.50% AER

  • Deposit Protection: EU DGS — up to €100,000
  • Interest Rate: 2.50% p.a.
  • Account Type: Easy access
  • Term: Instant
  • Balance Limits: Up to €100,000

ING DiBa Tagesgeld AT ING Austria

2.50% AER

  • Deposit Protection: EU DGS — up to €100,000
  • Interest Rate: 2.50% p.a.
  • Account Type: Instant access savings
  • Term: Instant access
  • Balance Limits: Up to EUR 100,000

BTV Savings AT BTV AT

2.60% AER

  • Deposit Protection: EU DGS — up to €100,000
  • Interest Rate: 2.60% p.a.
  • Account Type: Notice account
  • Term: 1-month notice
  • Balance Limits: Up to €100,000

Bigbank Tagesgeld Bigbank AT

2.75% AER

  • Deposit Protection: EU DGS — up to €100,000
  • Interest Rate: 2.75% (3 months), then 2.05%
  • Account Type: Call money (Tagesgeld)
  • Term: Instant access
  • Balance Limits: Up to EUR 100,000

DAK Sparkonto AT DAK AT

2.80% AER

  • Deposit Protection: EU DGS — up to €100,000
  • Interest Rate: 2.80% p.a.
  • Account Type: Instant access savings
  • Term: Instant access
  • Balance Limits: Up to EUR 100,000

Bank Austria Savings AT Bank Austria AT

2.80% AER

  • Deposit Protection: EU DGS — up to €100,000
  • Interest Rate: 2.80% p.a.
  • Account Type: Easy access
  • Term: Instant
  • Balance Limits: Up to €100,000

BAWAG Online Savings AT BAWAG P.S.K.

2.90% AER

  • Deposit Protection: EU DGS — up to €100,000
  • Interest Rate: 2.90% p.a.
  • Account Type: Easy access
  • Term: Instant
  • Balance Limits: Up to €100,000

Trade Republic Zinsen Trade Republic

3% AER

  • Deposit Protection: EU DGS — up to €100,000
  • Interest Rate: 3.00% p.a. (no time limit)
  • Account Type: Interest on cash balance
  • Term: Instant access
  • Balance Limits: Up to EUR 100,000

Trading 212 Zinsen Trading 212

3% AER

  • Deposit Protection: EU DGS — up to €100,000
  • Interest Rate: 3.00% p.a.
  • Account Type: Interest on cash balance
  • Term: Instant access
  • Balance Limits: Up to EUR 100,000

meineLBA Festgeld 3M AT meineLBA AT

3.10% AER

  • Deposit Protection: EU DGS — up to €100,000
  • Interest Rate: 3.10% p.a. (3-month fixed)
  • Account Type: Fixed-term deposit
  • Term: 3 months
  • Balance Limits: EUR 5,000-500,000

Hypo NÖ Festgeld AT Hypo NÖ AT

3.20% AER

  • Deposit Protection: EU DGS — up to €100,000
  • Interest Rate: 3.20% p.a. (12-month fixed)
  • Account Type: Fixed-term deposit
  • Term: 12 months
  • Balance Limits: EUR 5,000-500,000

Consorsbank Tagesgeld Consorsbank

3.40% AER

  • Deposit Protection: EU DGS — up to €100,000
  • Interest Rate: 3.40% (5 months), then 0.80%
  • Account Type: Call money (Tagesgeld)
  • Term: Instant access
  • Balance Limits: No limit

Advanzia Tagesgeld Advanzia Bank

3.45% AER

  • Deposit Protection: EU DGS — up to €100,000
  • Interest Rate: 3.45% (3 months), then 1.50%
  • Account Type: Call money (Tagesgeld)
  • Term: Instant access
  • Balance Limits: From EUR 5,000

What are savings accounts in Austria?

A savings account (Sparbuch or Sparkonto) in Austria holds money you do not need day-to-day and pays interest on the balance. The traditional passbook Sparbuch remains culturally iconic, but modern daily-access savings accounts (Tagesgeld) and online savings products now offer better rates and instant transfers. Interest can be variable (daily-access) or higher on accounts with a notice period.

How the Austrian market works

Banks, direct banks and neo-brokers compete for savings deposits, with online and direct providers usually paying more than branch banks. Daily-access accounts let you withdraw anytime at a variable rate, while notice or bonus accounts pay more in exchange for restrictions or introductory periods. A crucial local point is tax: interest is subject to the 25% capital-gains tax on bank interest (KESt), which banks withhold automatically. The classic Sparbuch passbook, historically often held anonymously and gifted at christenings and communions, remains a cultural fixture even as its rates lag online alternatives. Deposit platforms and EU banks passporting into Austria have widened choice, letting savers chase higher rates elsewhere in Europe, though those balances sit under a foreign deposit-guarantee scheme rather than the Austrian one, a distinction worth checking before moving large sums.

Benefits

Instant liquidity — daily-access accounts let you withdraw whenever you need the money.

Better-than-current rates — savings accounts pay meaningfully more than a Girokonto.

Automatic tax handling — Austrian banks withhold the 25% KESt on interest for you.

Deposit safety — balances are protected up to €100,000 per bank.

How to choose

Compare the interest rate, noting whether it is a lasting rate or a time-limited new-customer bonus that later drops. Decide between fully flexible daily-access and higher-paying notice accounts based on when you will need the money. Check minimum and maximum balance limits, whether the rate is variable, and remember that the quoted rate is before the 25% KESt. Spread large sums across banks to stay within the guarantee.

Leading providers in Austria

Direct and digital banks such as easybank, Erste Bank, Hypo NÖ and international players like Consorsbank and Advanzia, plus neo-brokers Trade Republic and Trading 212 paying interest on cash, compete for savers. They differ on headline rates, bonus periods and flexibility. Cross-border EU banks passporting into Austria sometimes offer top rates but carry a foreign deposit-guarantee scheme.

What it costs

Savings accounts do not cost a fee but pay interest, commonly ranging from around 1.5% to 3.45% depending on the account type, notice period and any promotional bonus, before the 25% KESt is deducted. Daily-access rates are typically lower than notice or bonus rates. Introductory bonus rates often fall to a lower standard rate after the promotion ends.

Protections and regulation

Banks are supervised by the FMA and the Oesterreichische Nationalbank, and eligible deposits are protected by the statutory deposit guarantee scheme up to €100,000 per depositor per bank. Deposits at EU banks passporting into Austria are covered by that bank's home-country scheme up to the equivalent EU limit. Interest is taxed at 25% KESt, withheld at source by Austrian banks.

Common questions

Is interest taxed? Yes, at 25% KESt, withheld automatically by Austrian banks. Sparbuch or online savings? Online and direct accounts usually pay higher rates. Are bonus rates permanent? Often not; check the standard rate after the promotion. How much is protected? Up to €100,000 per depositor per bank.

Savings Accounts in Austria — FAQ

What is the highest savings rate in Austria right now?

Giraffy tracks 19 savings accounts across 18 providers in Austria. Sort by highest rate and filter by account type (easy access vs. fixed) to find the best deal for your timeline.

Is my money safe in a savings account?

Yes — the Austrian deposit guarantee protects up to €100,000 per person, per bank. Always confirm your institution is FMA-regulated before depositing. If your balance exceeds the protection limit, spread funds across multiple separately-licensed banks.

What does p.a. mean on a savings account?

p.a. (per annum) is the standardised rate that accounts for how often interest is compounded over a year. It's the fairest number to compare across accounts — always compare like-for-like using p.a. rather than the gross or monthly rate.

What is the difference between easy access and fixed-rate savings?

Easy access accounts let you withdraw your money at any time — rates are variable and may change. Fixed-rate bonds or term deposits lock your money away for a set period (usually 1–5 years) at a guaranteed rate, which is typically higher. Choose fixed if you don't need the funds before the term ends.

Do I pay tax on savings interest?

Tax on savings interest varies by country and income level. Check your country's tax authority guidance or speak to a financial adviser if your interest income is significant.

Can I open multiple savings accounts at different banks?

Yes — and it can be a smart strategy. Spreading savings across banks maximises your deposit protection (€100,000 under the Austrian deposit guarantee per institution) and lets you earn the best rate at each bank. Just keep track of all accounts to avoid losing money to dormancy fees.

How quickly can I access my money in an easy access savings account?

Most easy access accounts transfer funds to a linked current account within one working day, and many process withdrawals the same day. Some accounts restrict the number of free withdrawals per month — check the terms before you open one if flexibility matters to you.