| Deutsche Bundesbank

Account remuneration through automated overnight deposits

There is a two-tier remuneration of accounts: the tier 2 investment facility and the excess balances.
Tier 2 investment facility:
We offer overnight deposits at selected credit institutions to further increase the average remuneration of our customers’ accounts. Thereby, we act as an intermediary (agent). Only commercial banks with a high credit rating are eligible as counterparties. The amount of the tier 2 investment is set specifically for each customer and can generally be custom-tailored. The tier 2 investment facility is remunerated at the actual average rate of interest on investments less a margin of 3 basis points (since 1 April 2021).
Excess balances:
Funds not invested in Investment Servicesare known as excess balances. Their remuneration is the interest rate of the Euro short-term rate (€STR) minus 20 basis points.
For more information, please refer to Product Annex Basic Services, Section I, as well as Product Annex Investment Services, Sections I and III. Both can be found under “Special terms and conditions” on the right.
Fixed-term deposits

Eligible customers can make risk-free fixed-term deposits with the Bundesbank. Conditions for fixed-term deposits depend on the prevailing market conditions.
Transactions can be agreed either via phone, Bloomberg Chat or LSEG Workspace Messenger.
For more information on fixed-term deposits, please refer to Product Annex Investment Services, Sections II and IV, which can be found under “Special terms and conditions” on the right.
Forex trading
Forex trading customers can buy and sell euro in return for the following currencies on a spot basis: AUD, CAD, CHF, CZK, DKK, GBP, HKD, HUF, JPY, NOK, NZD, PLN, SEK, SGD, USD, ZAR.
The Bundesbank conducts forex trading in compliance with the principles of the FX Global Code.
For more information, please refer to Product Annex Investment Services, Section VII, which can be found under “Special terms and conditions” on the right.

Further information

Statement of Commitment to the FX Global Code

09.10.2025 | 83 KB, PDF

The FX Global Code

globalfxc.org
Securities trading

The Bundesbank offers its eligible customers the service of executing orders to buy and sell securities.
For more information, please refer to Product Annex Investment Services, Section V, which can be found under “Special terms and conditions” on the right.
Securities lending

The Bundesbank provides its customers access to the Automated Securities Lending system of the central securities depository Clearstream Europe AG, which makes it possible to generate additional earnings on securities holdings. The customer can choose strategic securities lending (ASLplus) and/or the more short-term Automated Securities Lending (ASL and ASL principal) fails lending product, which avoids settlement failures in security transactions in the market.
For more information, please refer to Product Annex Investment Services, Section VI, which can be found under “Special terms and conditions” on the right.

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