German laws stipulate that all rental deposits should earn interest customary of a savings account, and in-line with current interest rates.
Unfortunately, interest rates for Euro (€) deposits are actually minus 0.40% at the moment.
As interest rates are so low, mietwise doesn't pay interest on deposits. But don't worry, our fees are so low you'll actually save money when using mietwise.
For example, when you open a rental deposit account with Postbank, it costs you €30. Although they pay interest of 0.01%, after one year you will only earn €0.20 cents on a €2,000 deposit.
So at the end of the first year, you will be down €29.80, compared to just €5 when using mietwise.