Press Release

Braunschweig 25 September 2023. Volkswagen Bank is once again significantly raising its interest rates for call deposit customers. With effect from 26 September, the Braunschweig-based financial institution is offering the "Plus Konto TopZins" account with an interest rate of 3.8 percent per annum. A completely new feature is that the interest rate applies without any limit on the amount. Combined with the advantage of the extended German deposit guarantee, Volkswagen Bank is now leading the way among German banks in the field of overnight or instant-access deposits.

These new top conditions apply to new customers who have not had an overnight deposit account with Volkswagen Bank in the last 12 months. After 6 months, the standard interest rate then applicable for overnight deposit accounts will take effect. Another advantage of the investment is that the interest is credited to the overnight deposit account on a monthly basis.

Volkswagen Bank also has something to catch the attention of those interested in a fixed investment period: starting from 5 October, it will offer fixed-term deposits with a minimum term of 90 days. In this case, both new and existing customers can benefit from a highly attractive interest rate starting from 3.0 percent per annum.

Volkswagen Financial Services are a business division of the Volkswagen AG group of companies and comprise Volkswagen Financial Services AG along with its associated companies, Volkswagen Bank GmbH, Porsche Financial Services, and the financial services companies in the USA and Canada that belong directly or indirectly to Volkswagen AG – with the exception of the financial service business of the Scania brand and of Porsche Holding Salzburg. The key business fields embrace dealer and customer financing, leasing, bank and insurance activities, fleet management and mobility services. Volkswagen Financial Services have a total of 17,713 employees worldwide – including 7,692 alone in Germany. Volkswagen Financial Services report total assets of around EUR 240 billion, an operating profit of EUR 5.60 billion, and a portfolio of around 22.0 million current contracts (as at: 31.12.2022).