pbb direkt
Experiences, reviews and information about the provider
(product costs may apply)
Details
Pros
- German deposit protection, plus the BdB deposit protection fund
- Free account opening and account management
- Fixed-term deposits also with automatic reinvestment and an interest bonus
- A fixture of interest rate comparisons for over a decade
Cons
- Minimum investment amount excludes small savings amounts
- Very narrow product range without a current account or securities account
- The parent bank's business model depends heavily on the commercial real estate market
- No branch network, service exclusively online and by phone
Fact sheet: pbb direkt
| Company name | pbb direkt |
| Founded | 2013 |
| Headquarters | Garching bei München |
| Country | 🇩🇪 Germany |
| BaFin-regulated | Yes |
| Deposit protection | €100,000 |
| Type | direktbank |
| Website | pbbdirekt.com * |
About pbb direkt
pbb direkt is the retail brand of Deutsche Pfandbriefbank AG (pbb), launched in 2013 and based in Garching near Munich. pbb itself is a specialist bank for commercial real estate financing and public investment financing; the deposit business serves primarily for refinancing. The product range is deliberately narrow: a call money account (Tagesgeld, instant-access savings) and fixed-term deposits (Festgeld) of various terms, some with automatic reinvestment, each managed free of charge and concluded entirely online. There are no loans, current accounts or securities business for private customers. As a German bank, pbb is supervised by BaFin (the German financial regulator); deposits are protected up to €100,000 by the statutory Entschädigungseinrichtung deutscher Banken (EdB) and additionally by the voluntary deposit protection fund of the Association of German Banks.
Special features
- Brand of Deutsche Pfandbriefbank AG, a specialist bank for real estate financing
- The deposit business serves to refinance commercial lending
- Variant with automatic prolongation on fixed-term deposits
- Retail business launched in March 2013
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