Market overview 2027

Altersvorsorgedepot comparison: all providers and terms

Name: Altersvorsorgedepot terms 2027
Creator: Vorsorgedepot-Lotse

47 providers have announced an Altersvorsorgedepot (Germany's new state-subsidised retirement investment account), and 10 of them already name specific costs. All 101 products are listed side by side here, each figure backed by the provider's own source and the time we retrieved it.

47
Providers: 101
Products: 10
with specific costs

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Comparison table

All Altersvorsorgedepots compared

Sorted alphabetically by provider, with no ranking: while the terms are preliminary, we do not name a winner. The full details for each product are on the provider pages.

Only with published costs

101 of 101 products

Altersvorsorgedepots compared: costs, fees, Riester transfer and start date per product
Provider and product	Total cost p.a.	Fund costs	Refund	Savings plan	Purchases/sales	Riester transfer	Start
ACATIS Product name not yet published Variant not announced	not published	not published	not published	not published	not published	not published	not published
Allianz Altersvorsorge Standarddepot Standarddepot	not published	not published	not published	not published	not published	transfer from another subsidised retirement contract possible (not counted towards the maximum contribution)↗	1 January 2027↗
Allianz AltersvorsorgeDepot InvestFlex Variant not announced	not published	not published	not published	not published	Rebalancing of the fund portfolio free of charge; other transaction costs not published↗	not published	January 2027↗
Allianz AltersvorsorgeVertrag InvestFlex80 Variant not announced	not published	not published	not published	not published	not published	transfer from another subsidised retirement contract possible (not counted towards the maximum contribution)↗	January 2027↗
AXA Product name not yet published Variant not announced	not published	not published	not published	not published	not published	easy switch from an existing Riester contract planned↗	Early 2027↗
AXA Product name not yet published Variant not announced	not published	not published	not published	not published	not published	easy switch from an existing Riester contract planned↗	Early 2027↗
BarmeniaGothaer Standarddepot Standarddepot	not published	not published	not published	not published	not published	Existing Riester contracts can be switched to the new subsidy or new product range↗	from January 2027↗
BarmeniaGothaer Altersvorsorgedepot Premium Variant not announced	not published	not published	not published	not published	not published	Existing Riester contracts can be switched to the new subsidy or new product range↗	from January 2027↗
BarmeniaGothaer FörderPlus GarantieRente Invest With guarantee	not published	not published	not published	not published	not published	Existing Riester contracts can be switched to the new subsidy or new product range↗	from January 2027↗
BCA / Xaver BCA Xaver Altersvorsorgedepot Standard Standarddepot	not published	not published	not published	not published	not published	integrated Riester comparison and switching service (for its own and other providers' Riester customers) plannedannounced↗	Available from January 2027; pre-onboarding for intermediaries since October 2026↗
BCA / Xaver BCA Xaver Altersvorsorgedepot Premium Self-directed account	not published	not published	not published	not published	not published	integrated Riester comparison and switching service (for its own and other providers' Riester customers) plannedannounced↗	Available from January 2027; pre-onboarding for intermediaries since October 2026↗
comdirect Altersvorsorgedepot Standard Standarddepot	no price range yet; comdirect expects 'well below' the 1% cost capannounced↗	not published	not published	not published	not published	transfer of Riester savings planned from 2027; the customer initiates the transferannounced↗	January 2027 (available to sign from 1 January)announced↗
comdirect Altersvorsorgedepot Flexibel Self-directed account	no figure; according to comdirect 'attractively priced', but 'somewhat higher costs' than the Standarddepotannounced↗	not published	not published	not published	not published	transfer of Riester savings planned from 2027; the customer initiates the transferannounced↗	January 2027 (available to sign from 1 January)announced↗
Commerzbank Product name not yet published Variant not announced	not published	not published	not published	not published	not published	not published	at the subsidy start in 2027announced↗
Consorsbank Standarddepot (product name not yet announced) Standarddepot	not published	not published	not published	not published	not published	transfer of Riester savings via a change of provider described; switching service/costs not yet publishedannounced↗	expected from 01.01.2027announced↗
Consorsbank Standarddepot with ESG approach (under consideration) Standarddepot	not published	not published	not published	not published	not published	transfer of Riester savings via a change of provider described; switching service/costs not yet publishedannounced↗	expected from 01.01.2027announced↗
Consorsbank Flexibles Altersvorsorgedepot Self-directed account	not published	not published	not published	not published	not published	transfer of Riester savings via a change of provider described; switching service/costs not yet publishedannounced↗	expected from 01.01.2027announced↗
CosmosDirekt Product name not yet published Variant not announced	Effective costs 'well below' the statutory maximum (1%); no figure↗	not published	not published	not published	not published	not published	01.01.2027↗
Deka / Sparkassen Deka-Vorsorge Standarddepot	0.1% p.a. (effective costs; ETF costs only, account free of charge)announced↗	0.1% p.a. for the underlying ETFsannounced↗	not published	not published	not published	transfer of existing Riester contracts into the new Altersvorsorgedepot named as an option; costs not stated↗	January 2027↗
Deka / Sparkassen Deka-VorsorgePlus Self-directed account	1.0 to 1.5% p.a. (effective, depending on the contract term)announced↗	not published	not published	not published	not published	transfer of existing Riester contracts into the new Altersvorsorgedepot named as an option; costs not stated↗	January 2027↗
DEVK DEVK-DepotRente Basis Variant not announced	'well below' 1.0% p.a. (no figure given)announced↗	not published	not published	not published	not published	continue existing DEVK Riester contracts or convert / switch to the new subsidy from 2027↗	01.01.2027↗
DEVK DEVK-DepotRente Chance Variant not announced	not published	not published	not published	not published	not published	continue existing DEVK Riester contracts or convert / switch to the new subsidy from 2027↗	expected from April 2027 (Q2 2027)announced↗
DEVK Product name not yet published Variant not announced	not published	not published	not published	not published	not published	continue existing DEVK Riester contracts or convert / switch to the new subsidy from 2027↗	expected from April 2027 (Q2 2027)announced↗
DEVK Product name not yet published Variant not announced	not published	not published	not published	not published	not published	continue existing DEVK Riester contracts or convert / switch to the new subsidy from 2027↗	expected from April 2027 (Q2 2027)announced↗
Die Hannoversche Product name not yet published Variant not announced	not published	not published	not published	not published	not published	transfer of Riester savings into the new products possible↗	1 January 2027↗
DKB Product name not yet published Variant not announced	not published	not published	not published	not published	not published	Yes, transfer of Riester savings via DKB-Banking from January 2027↗	January 2027 (from 1 January 2027)↗
DWS / Deutsche Bank DWS Standarddepot (via Deutsche Bank / Postbank) Standarddepot	0.10% p.a. in the first two years after signing, then 0.28% p.a. (plus any transaction costs)↗	0.10% p.a. (ETF costs)announced↗	not published	not published	not published	transfer of existing Riester contracts possible (not mandatory); costs not stated↗	1 January 2027↗
DWS / Deutsche Bank DWS Altersvorsorgedepot (advice offering via Deutsche Bank / Postbank) Self-directed account	0.99% p.a. (fee) plus any transaction costsannounced↗	not published	not published	not published	not published	not published	during 2027 (not at market launch)announced↗
ERGO ERGO Förder-Depot Standard (ERGO Altersvorsorgedepot Standard) Standarddepot	not published	not published	not published	not published	not published	Continue the Riester contract, convert it to the new subsidy on 1.1.2027 or switch to a new product↗	from 1 January 2027 (early bird: policy start 01.01., 01.02. or 01.03.2027)↗
ERGO ERGO Förder-Depot Chance (ERGO Altersvorsorgedepot Chance) Variant not announced	not published	not published	not published	not published	not published	Continue the Riester contract, convert it to the new subsidy on 1.1.2027 or switch to a new product↗	from 1 January 2027 (early bird: policy start 01.01., 01.02. or 01.03.2027)↗
ERGO Product name not yet published Variant not announced	not published	not published	not published	not published	not published	Continue the Riester contract, convert it to the new subsidy on 1.1.2027 or switch to a new product↗	from 1 January 2027 (early bird: policy start 01.01., 01.02. or 01.03.2027)↗
ERGO Product name not yet published Variant not announced	not published	not published	not published	not published	not published	Continue the Riester contract, convert it to the new subsidy on 1.1.2027 or switch to a new product↗	from 1 January 2027 (early bird: policy start 01.01., 01.02. or 01.03.2027)↗
ERGO Product name not yet published Variant not announced	not published	not published	not published	not published	not published	Continue the Riester contract, convert it to the new subsidy on 1.1.2027 or switch to a new product↗	from 1 January 2027 (early bird: policy start 01.01., 01.02. or 01.03.2027)↗
Evergreen Product name not yet published Self-directed account	not published	not published	not published	not published	not published	Riester savings expected to be transferable from 2027; Riester switching calculatorannounced↗	expected from 2027announced↗
Evergreen Product name not yet published Variant not announced	not published	not published	not published	not published	not published	Riester savings expected to be transferable from 2027; Riester switching calculatorannounced↗	expected from 2027announced↗
Fidelity / FFB Fidelity VorsorgeDepot Standarddepot	approx. 0.35% of the average account value p.a. plus €1 account fee per month↗	not published	not published	not published	not published	not published	not published
Fidelity / FFB Product name not yet published Variant not announced	not published	not published	not published	not published	not published	not published	not published
Fidelity / FFB Fidelity VorsorgeDepot Plus Self-directed account	approx. 0.6% of the average account value p.a. plus €2 account fee per month↗	not published	not published	not published	not published	not published	not published
Fidelity / FFB Product name not yet published Variant not announced	not published	not published	not published	not published	not published	not published	not published
Finanzguru Finanzguru-Altersvorsorgedepot (in partnership with Franklin Templeton) Variant not announced	not published	not published	not published	not published	not published	not published	January 2027announced↗
flatex Standarddepot Core Standarddepot	€0 account/contract fee, €0 order commission; TER refunded in the first 5 years, then max. 0.07% p.a. (plus standard market spreads)↗	max. 0.07% p.a. (TER) from year 6↗	Product costs (TER) refunded for the first 5 years ('at least', according to the press release)↗	€0 (plus standard market spreads)↗	€0 order commission for one-off investments (plus standard market spreads)↗	not published	planned 01.01.2027announced↗
flatex Standarddepot Plus Standarddepot	not published	not published	not published	not published	not published	not published	planned 01.01.2027announced↗
flatex Altersvorsorgedepot Flex Self-directed account	not published	depends on the selected ETFs/funds↗	not published	not published	not published	not published	planned 01.01.2027announced↗
FNZ Bank Product name not yet published Variant not announced	not published	not published	not published	not published	not published	not published	January 2027 (scheduled)announced↗
FNZ Bank Product name not yet published Variant not announced	not published	not published	not published	not published	not published	not published	January 2027 (scheduled)announced↗
Ginmon Standarddepot Altersvorsorge Standarddepot	not published	not published	not published	not published	not published	not published	launching soon (statutory start 1 January 2027)announced↗
Ginmon Altersvorsorgedepot contract Self-directed account	not published	not published	not published	not published	not published	not published	launching soon (statutory start 1 January 2027)announced↗
growney Product name not yet published Variant not announced	not published	not published	not published	not published	not published	not published	January 2027 (target)announced↗
Hansainvest The HANSAINVEST Standarddepot Standarddepot	max. 1% effective costs p.a. (statutory cap; actual figure not yet published)↗	not published	not published	not published	not published	not published	planned from 1 January 2027announced↗
Hansainvest The self-directed Altersvorsorgedepot Self-directed account	variable cost structure (per partner, not published)↗	not published	not published	not published	not published	not published	planned from 1 January 2027announced↗
Helvetia Deutschland AVD Standard Standarddepot	not published	not published	not published	not published	not published	not published	from 1.1.2027 (switch from the starter account with consent)↗
Helvetia Deutschland AVD Premium Variant not announced	not published	not published	not published	not published	not published	not published	from 1.1.2027 (switch from the starter account with consent)↗
Helvetia Deutschland Product name not yet published Variant not announced	Cost cap on effective costs (level not stated)↗	not published	not published	not published	not published	not published	not published
HUK-Coburg Product name not yet published Variant not announced	not published	not published	not published	not published	not published	not published	1 January 2027↗
HUK-Coburg Product name not yet published Variant not announced	not published	not published	not published	not published	not published	not published	1 January 2027↗
ING Altersvorsorge-Depot Relax Variant not announced	not published	not published	not published	not published	not published	Riester contract can be moved 'in the course of the year'announced↗	from January 2027announced↗
ING Altersvorsorge-Depot Aktiv Self-directed account	not published	not published	not published	not published	not published	Riester contract can be moved 'in the course of the year'announced↗	from January 2027announced↗
Joe Broker Standarddepot (name not yet announced) Standarddepot	not published	not published	not published	not published	not published	not published	1 January 2027 (planned)announced↗
Joe Broker Altersvorsorgedepot (name not yet announced) Self-directed account	not published	not published	not published	not published	not published	not published	1 January 2027 (planned)announced↗
justTRADE AV-Depot Standard Standarddepot	not published	not published	not published	not published	not published	not published	1 January 2027 (planned)announced↗
justTRADE AV-Depot Active Variant not announced	not published	not published	not published	not published	not published	not published	1 January 2027 (planned)announced↗
N26 Standarddepot (product name not yet announced) Standarddepot	not published	not published	not published	not published	not published	not published	from January 2027, subject to certificationannounced↗
N26 Altersvorsorgedepot (self-directed variant, product name not yet announced) Self-directed account	not published	not published	not published	not published	not published	not published	from January 2027, subject to certificationannounced↗
Oskar OSKAR Altersvorsorgedepot Standarddepot	below the statutory cap of 1.0% ('well below'), no figure givenannounced↗	not published	not published	not published	not published	Riester savings transferableannounced↗	1 January 2027↗
PrismaLife Prisma FlexInvest FörderPlus Variant not announced	not published	not published	100% of retrocessions (kickbacks) from managed funds are refunded to customers↗	not published	not published	not published	planned from January 2027announced↗
PrismaLife Product name not yet published Variant not announced	not published	not published	not published	not published	not published	not published	not published
quirion Standard (statutory standard account contract) Standarddepot	at launch: no account fee, ETF costs refunded at least in year 1; from year 2 not yet published↗	0.07% (equity ETF) / 0.08% (bond ETF)↗	TER of both ETFs refunded at least in the first year; thereafter not yet published↗	not published	not published	quirion accepts transfers from Riester contracts; process and terms not yet published↗	1 January 2027↗
quirion Pro Self-directed account	not published	not published	not published	not published	not published	quirion accepts transfers from Riester contracts; process and terms not yet published↗	1 January 2027↗
R+V Product name not yet published Variant not announced	not published	not published	not published	not published	not published	Keep the Riester contract, convert it to the new subsidy or transfer the capital into the new product (guarantee lapses)↗	from 01.01.2027↗
R+V Product name not yet published Variant not announced	not published	not published	not published	not published	not published	Keep the Riester contract, convert it to the new subsidy or transfer the capital into the new product (guarantee lapses)↗	from 01.01.2027↗
R+V Product name not yet published Variant not announced	not published	not published	not published	not published	not published	Keep the Riester contract, convert it to the new subsidy or transfer the capital into the new product (guarantee lapses)↗	from 01.01.2027↗
Raisin Product name not yet published Self-directed account	not published	not published	not published	not published	not published	transfer of existing Riester contracts from 2027announced↗	January 2027announced↗
Raisin Product name not yet published Self-directed account	not published	not published	not published	not published	not published	transfer of existing Riester contracts from 2027announced↗	January 2027announced↗
Scalable Capital Altersvorsorgedepot – Standard Standarddepot	0% in 2027 (account, custody, savings plans, orders, deposits/withdrawals €0; ETF costs waived in 2027)↗	0% p.a. in 2027 (ETF fees waived until at least 31.12.2027); thereafter not yet published↗	No ETF fees in the Standarddepot until at least 31.12.2027 (Rentenbonus does not apply here)↗	€0↗	€0↗	Yes, from 1.1.2027; incoming Riester transfer free of charge↗	1 January 2027↗
Scalable Capital Altersvorsorgedepot – Selbst entscheiden Self-directed account	only order and fund costs: €0 account/savings plan, orders €0 (PRIME+) or €0.99 (FREE), ETFs from 0% p.a.↗	from 0% p.a. (depends on selection; TER of the Rentenbonus ETFs is credited back)↗	Rentenbonus: TER of 17 ETFs (Scalable, Xtrackers/DWS, iShares, Vanguard) is credited and reinvested; list may change, bonus may be restricted or discontinued↗	€0↗	€0.99 (FREE) or €0 (PRIME+)↗	Yes, from 1.1.2027; incoming Riester transfer free of charge↗	1 January 2027↗
SMARTBROKER+ Standarddepot (3 variants: MSCI World, MSCI ACWI, FTSE All-World) Standarddepot	€0 in the first three years (up to €25,000 invested); thereafter TER mostly < 0.15% p.a., refund only with ≥ 15 trades/year in the main account↗	mostly below 0.15% p.a.↗	100% TER refund in the first 3 contract years up to €25,000 invested; thereafter per contract year only with at least 15 trades in the main account (savings plans do not count); quarterly↗	€0↗	€0 (all orders, regardless of volume)↗	Yes; transfer into the AVD possible (free of charge at the previous provider for Riester contracts older than 5 years)↗	1 January 2027↗
SMARTBROKER+ Freies Altersvorsorgedepot Self-directed account	only fund and order fees (€0 account/savings plan; orders under €500 €1)↗	depends on the product selection (no refund)↗	not published	€0↗	€0 from €500 order volume via gettex, €1 below that↗	Yes; transfer into the AVD possible (free of charge at the previous provider for Riester contracts older than 5 years)↗	1 January 2027↗
Sunrise Sunrise Altersvorsorgedepot Variant not announced	only fund costs (< 1% p.a.); account and transactions free of chargeannounced↗	below 1% p.a.; Standortfonds Deutschland 1.0%announced↗	not published	not published	€0 (unlimited free transactions)announced↗	not published	planned from January 2027announced↗
Trade Republic Standarddepot (product name not yet announced) Standarddepot	€0 – 'completely free of charge' according to the provider (no account or savings plan fee, product costs waived on dozens of ETFs)↗	not published	Product costs waived 'long-term' on several dozen ETFs from BlackRock, DWS and Vanguard↗	€0↗	not published	not published	from 2027 (exact date not stated)↗
Trade Republic Account for self-directed investors (product name not yet announced) Self-directed account	€0 – 'completely free of charge' according to the provider (no account or savings plan fee, product costs waived on dozens of ETFs)↗	depends on the fund selection; no product costs on dozens of ETFs from BlackRock, DWS and Vanguard↗	Product costs waived 'long-term' on several dozen ETFs from BlackRock, DWS and Vanguard↗	€0↗	not published	not published	from 2027 (exact date not stated)↗
Traders Place Standarddepot / Standard-Altersvorsorgedepot Standarddepot	€0 fees; TER 100% refunded until 31.12.2028 (up to €20,000 invested); thereafter TER of the standard ETFs (not published)↗	not published	100% TER refund until 31.12.2028, quarterly to the settlement account; landing page: up to €20,000 invested↗	€0↗	€0↗	transfer of Riester savings is intended to be possible (general reference to the draft law; no dedicated switching service described)announced↗	January 2027 (planned)announced↗
Traders Place Allgemeines Altersvorsorgedepot (in the terms and conditions: flexibles Altersvorsorgedepot) Self-directed account	only fund and order fees (€0 account/savings plan; orders under €500 €0.95)↗	not published	None↗	€0↗	€0 from €500 via gettex, €0.95 per trade below that↗	transfer of Riester savings is intended to be possible (general reference to the draft law; no dedicated switching service described)announced↗	January 2027 (planned)announced↗
Trading 212 Standard Depot Standarddepot	not published	not published	not published	not published	not published	Yes, transfer to Trading 212 (cash transfer)announced↗	January 2027announced↗
Trading 212 Flexibles AVD Self-directed account	not published	not published	not published	not published	not published	Yes, transfer to Trading 212 (cash transfer)announced↗	January 2027announced↗
Union Investment UniVorsorge Basis Variant not announced	not yet published; according to Union 'well below' the 1% cost capannounced↗	not published	not published	not published	not published	transfer of Riester savings into the AVD possible from 1.1.2027 (final); costs not stated↗	1 January 2027↗
Union Investment UniVorsorge Pro Self-directed account	not yet published; 'mid-price range, cheaper than Riester'announced↗	not published	not published	not published	not published	transfer of Riester savings into the AVD possible from 1.1.2027 (final); costs not stated↗	1 January 2027↗
Union Investment UniVorsorge Garantie With guarantee	not yet published; 'mid-price range'announced↗	not published	not published	not published	not published	transfer of Riester savings into the AVD possible from 1.1.2027 (final); costs not stated↗	1 January 2027↗
Unitplus UnitPlus Altersvorsorgedepot (with J.P. Morgan Asset Management) Variant not announced	not published	not published	not published	not published	not published	not published	January 2027announced↗
Unitplus Product name not yet published Variant not announced	not published	not published	not published	not published	not published	not published	January 2027announced↗
Volkswohl Bund Product name not yet published Variant not announced	not published	not published	not published	not published	not published	not published	not published
Volkswohl Bund Product name not yet published Variant not announced	not published	not published	not published	not published	not published	not published	not published
Volkswohl Bund Product name not yet published Variant not announced	not published	not published	not published	not published	not published	not published	not published
Whitebox Product name not yet published Variant not announced	not published	not published	not published	not published	not published	transfer of old Riester contracts into the Whitebox account from launchannounced↗	expected 1 January 2027announced↗
Württembergische Product name not yet published Variant not announced	not published	not published	not published	not published	not published	transfer of your own Riester contracts and switching from other providers expected to be possibleannounced↗	when the law takes effect (1.1.2027), subject to certificationannounced↗
Württembergische Product name not yet published Variant not announced	not published	not published	not published	not published	not published	transfer of your own Riester contracts and switching from other providers expected to be possibleannounced↗	when the law takes effect (1.1.2027), subject to certificationannounced↗
Württembergische Product name not yet published Variant not announced	not published	not published	not published	not published	not published	transfer of your own Riester contracts and switching from other providers expected to be possibleannounced↗	when the law takes effect (1.1.2027), subject to certificationannounced↗
Württembergische Product name not yet published Variant not announced	not published	not published	not published	not published	not published	transfer of your own Riester contracts and switching from other providers expected to be possibleannounced↗	when the law takes effect (1.1.2027), subject to certificationannounced↗
XTB Altersvorsorgedepot (product announced, name/variants not yet published) Variant not announced	not published	not published	not published	not published	not published	not published	not published
Zurich DepotRente flex Variant not announced	not published	not published	not published	not published	not published	Riester savings incl. allowances transferable to Zurich without losing the subsidy; existing contracts can also be converted↗	at market launch 1.1.2027 (also via Deutsche Bank/Postbank)↗
Zurich DepotRente garant With guarantee	not published	not published	not published	not published	not published	Riester savings incl. allowances transferable to Zurich without losing the subsidy; existing contracts can also be converted↗	at market launch 1.1.2027 (also via Deutsche Bank/Postbank)↗
Zurich Product name not yet published Variant not announced	not published	not published	not published	not published	not published	not published	not published

Costs

Which providers already name specific costs?

Deka / SparkassenDeka-Vorsorge
0.1% p.a. (effective costs; ETF costs only, account free of charge)announcedSource ↗ · retrieved 21 October 2026 at 13:35 (Berlin time)
Deka / SparkassenDeka-VorsorgePlus
1.0 to 1.5% p.a. (effective, depending on the contract term)announcedSource ↗ · retrieved 21 October 2026 at 13:35 (Berlin time)
DWS / Deutsche BankDWS Standarddepot (via Deutsche Bank / Postbank)
0.10% p.a. in the first two years after signing, then 0.28% p.a. (plus any transaction costs)Source ↗ · retrieved 21 October 2026 at 13:36 (Berlin time)
DWS / Deutsche BankDWS Altersvorsorgedepot (advice offering via Deutsche Bank / Postbank)
0.99% p.a. (fee) plus any transaction costsannouncedSource ↗ · retrieved 21 October 2026 at 13:36 (Berlin time)
Fidelity / FFBFidelity VorsorgeDepot
approx. 0.35% of the average account value p.a. plus €1 account fee per monthSource ↗ · retrieved 21 October 2026 at 13:14 (Berlin time)
Fidelity / FFBFidelity VorsorgeDepot Plus
approx. 0.6% of the average account value p.a. plus €2 account fee per monthSource ↗ · retrieved 21 October 2026 at 13:14 (Berlin time)
flatexStandarddepot Core
€0 account/contract fee, €0 order commission; TER refunded in the first 5 years, then max. 0.07% p.a. (plus standard market spreads)Source ↗ · retrieved 21 October 2026 at 13:15 (Berlin time)
quirionStandard (statutory standard account contract)
0.07% (equity ETF) / 0.08% (bond ETF)Source ↗ · retrieved 21 October 2026 at 13:39 (Berlin time)
Scalable CapitalAltersvorsorgedepot – Standard
0% in 2027 (account, custody, savings plans, orders, deposits/withdrawals €0; ETF costs waived in 2027)Source ↗ · retrieved 21 October 2026 at 13:23 (Berlin time)
Scalable CapitalAltersvorsorgedepot – Selbst entscheiden
only order and fund costs: €0 account/savings plan, orders €0 (PRIME+) or €0.99 (FREE), ETFs from 0% p.a.Source ↗ · retrieved 21 October 2026 at 13:23 (Berlin time)
SMARTBROKER+Standarddepot (3 variants: MSCI World, MSCI ACWI, FTSE All-World)
€0 in the first three years (up to €25,000 invested); thereafter TER mostly < 0.15% p.a., refund only with ≥ 15 trades/year in the main accountSource ↗ · retrieved 21 October 2026 at 13:41 (Berlin time)
SMARTBROKER+Freies Altersvorsorgedepot
only fund and order fees (€0 account/savings plan; orders under €500 €1)Source ↗ · retrieved 21 October 2026 at 13:41 (Berlin time)
SunriseSunrise Altersvorsorgedepot
only fund costs (< 1% p.a.); account and transactions free of chargeannouncedSource ↗ · retrieved 21 October 2026 at 13:42 (Berlin time)
Trade RepublicStandarddepot (product name not yet announced)
€0 – 'completely free of charge' according to the provider (no account or savings plan fee, product costs waived on dozens of ETFs)Source ↗ · retrieved 21 October 2026 at 13:42 (Berlin time)
Trade RepublicAccount for self-directed investors (product name not yet announced)
€0 – 'completely free of charge' according to the provider (no account or savings plan fee, product costs waived on dozens of ETFs)Source ↗ · retrieved 21 October 2026 at 13:42 (Berlin time)
Traders PlaceStandarddepot / Standard-Altersvorsorgedepot
€0 fees; TER 100% refunded until 31.12.2028 (up to €20,000 invested); thereafter TER of the standard ETFs (not published)Source ↗ · retrieved 21 October 2026 at 13:25 (Berlin time)
Traders PlaceAllgemeines Altersvorsorgedepot (in the terms and conditions: flexibles Altersvorsorgedepot)
only fund and order fees (€0 account/savings plan; orders under €500 €0.95)Source ↗ · retrieved 21 October 2026 at 13:25 (Berlin time)

Safety

Which Altersvorsorgedepots offer a contribution guarantee?

FörderPlus GarantieRente Invest
80% contribution guaranteeSource ↗ · retrieved 21 October 2026 at 13:33 (Berlin time)
UniVorsorge Garantie
100% of contributions and allowances at the end of the accumulation phaseSource ↗ · retrieved 21 October 2026 at 13:43 (Berlin time)
DepotRente garant
80% contribution guaranteeSource ↗ · retrieved 21 October 2026 at 13:44 (Berlin time)

Before launch

Where can I register early, and who offers bonuses?

Allianz
Early registration: NoneSource ↗ · retrieved 21 October 2026 at 13:32 (Berlin time)
AXA
Early registration: NoneSource ↗ · retrieved 21 October 2026 at 13:33 (Berlin time)
comdirect
Early registration: ReservationSource ↗ · retrieved 21 October 2026 at 13:34 (Berlin time)
Promotion: €50 early-bird bonus on registration (customers) or account opening 01.07.–01.11.2026 (new customers); AVD contract by 31.03.2027, paid out May 2027Source ↗ · retrieved 21 October 2026 at 13:34 (Berlin time)
Commerzbank
Early registration: ReservationSource ↗ · retrieved 21 October 2026 at 13:34 (Berlin time)
Consorsbank
Early registration: ReservationSource ↗ · retrieved 21 October 2026 at 13:11 (Berlin time)
CosmosDirekt
Early registration: NoneSource ↗ · retrieved 21 October 2026 at 13:34 (Berlin time)
Promotion: Prize draw: chance to win a €10,000 TUI travel voucher when registering for informationSource ↗ · retrieved 21 October 2026 at 13:34 (Berlin time)
Deka / Sparkassen
Early registration: NoneSource ↗ · retrieved 21 October 2026 at 13:35 (Berlin time)
DEVK
Early registration: NoneSource ↗ · retrieved 21 October 2026 at 13:36 (Berlin time)
Die Hannoversche
Early registration: NoneSource ↗ · retrieved 21 October 2026 at 13:17 (Berlin time)
DKB
Early registration: ReservationSource ↗ · retrieved 21 October 2026 at 13:12 (Berlin time)
DWS / Deutsche Bank
Early registration: ReservationSource ↗ · retrieved 21 October 2026 at 13:37 (Berlin time)
Promotion: Deutsche Bank/Postbank: Standarddepot only 0.10% for the first two years (0.18% contract fee waived)Source ↗ · retrieved 21 October 2026 at 13:36 (Berlin time)
ERGO
Early registration: ReservationSource ↗ · retrieved 21 October 2026 at 13:13 (Berlin time)
Promotion: €50 early-bird bonus for contracts with policy start 01.01.–01.03.2027 (AVD Invest: application 01.01.–01.03.2027) and at least 12 months of contributions; credited by 30.06.2028Source ↗ · retrieved 21 October 2026 at 13:13 (Berlin time)
Evergreen
Early registration: Waiting listSource ↗ · retrieved 21 October 2026 at 13:13 (Berlin time)
Fidelity / FFB
Early registration: NoneSource ↗ · retrieved 21 October 2026 at 13:14 (Berlin time)
Finanzguru
Early registration: Waiting listSource ↗ · retrieved 21 October 2026 at 13:16 (Berlin time)
Promotion: Sparbooster: cashback points reserved in the app earn a 7% top-up per year until the AVD launches and are invested in the AVD on openingSource ↗ · retrieved 21 October 2026 at 13:16 (Berlin time)
flatex
Early registration: ReservationSource ↗ · retrieved 21 October 2026 at 13:15 (Berlin time)
Ginmon
Early registration: Waiting listSource ↗ · retrieved 21 October 2026 at 13:17 (Berlin time)
growney
Early registration: ReservationSource ↗ · retrieved 21 October 2026 at 13:17 (Berlin time)
Helvetia Deutschland
Early registration: Pre-registrationSource ↗ · retrieved 21 October 2026 at 13:18 (Berlin time)
HUK-Coburg
Early registration: ReservationSource ↗ · retrieved 21 October 2026 at 13:19 (Berlin time)
ING
Early registration: Waiting listSource ↗ · retrieved 21 October 2026 at 13:19 (Berlin time)
Promotion: €50 welcome bonus for new customers: launch list by 30.11.2026, opening by 15.02.2027; only for those who have not been ING customers in the last 12 monthsSource ↗ · retrieved 21 October 2026 at 13:19 (Berlin time)
Joe Broker
Early registration: NoneSource ↗ · retrieved 21 October 2026 at 13:38 (Berlin time)
justTRADE
Early registration: NoneSource ↗ · retrieved 21 October 2026 at 13:38 (Berlin time)
N26
Early registration: Pre-registrationSource ↗ · retrieved 21 October 2026 at 13:19 (Berlin time)
Oskar
Early registration: Waiting listSource ↗ · retrieved 21 October 2026 at 13:38 (Berlin time)
PrismaLife
Early registration: ReservationSource ↗ · retrieved 21 October 2026 at 13:39 (Berlin time)
quirion
Early registration: ReservationSource ↗ · retrieved 21 October 2026 at 13:39 (Berlin time)
R+V
Early registration: NoneSource ↗ · retrieved 21 October 2026 at 13:21 (Berlin time)
Raisin
Early registration: Waiting listSource ↗ · retrieved 21 October 2026 at 13:40 (Berlin time)
Scalable Capital
Early registration: Pre-registrationSource ↗ · retrieved 21 October 2026 at 13:23 (Berlin time)
Promotion: Prize draw: 5 winners each receive €540/year paid into the AVD until retirement (max. to age 67); enter by pre-registering 27.08.–31.12.2026Source ↗ · retrieved 21 October 2026 at 13:24 (Berlin time)
SMARTBROKER+
Early registration: ReservationSource ↗ · retrieved 21 October 2026 at 13:41 (Berlin time)
Sunrise
Early registration: ReservationSource ↗ · retrieved 21 October 2026 at 13:42 (Berlin time)
Trading 212
Early registration: Waiting listSource ↗ · retrieved 21 October 2026 at 13:25 (Berlin time)
Promotion: Bonus share worth €8–100 for new customers who join the AVD waiting list and open an investment account (min. €1 deposit); promotion period 26.06.–31.12.2026Source ↗ · retrieved 21 October 2026 at 13:25 (Berlin time)
Union Investment
Early registration: NoneSource ↗ · retrieved 21 October 2026 at 13:43 (Berlin time)
Unitplus
Early registration: Waiting listSource ↗ · retrieved 21 October 2026 at 13:43 (Berlin time)
Volkswohl Bund
Early registration: NoneSource ↗ · retrieved 21 October 2026 at 13:44 (Berlin time)
Whitebox
Early registration: Waiting listSource ↗ · retrieved 21 October 2026 at 13:26 (Berlin time)
Württembergische
Early registration: NoneSource ↗ · retrieved 21 October 2026 at 13:26 (Berlin time)
Promotion: €15 shopping voucher after product launch and first contribution (new contract or Riester switch, policy start by 01.12.2027; not for a Standarddepot opened online)Source ↗ · retrieved 21 October 2026 at 13:26 (Berlin time)
Zurich
Early registration: NoneSource ↗ · retrieved 21 October 2026 at 13:44 (Berlin time)

Providers

All providers in detail

Neobroker

Direct bank

Branch bank

Commerzbank1 product

Fund company

Robo-adviser

Insurer

Announced

Providers with little published so far

These providers have announced an Altersvorsorgedepot but have published only a few of their terms so far.

ACATISFund company

ACATIS: product name not yet published

Variant not announced

Costs

Front-end load: no front-end load on the equity ETF; account level not yet publishedannouncedSource ↗ · retrieved 21 October 2026 at 13:08 (Berlin time)

Not yet published:Total cost p.a.Account or contract feeFund costs (TER)Refund of fund costsSavings plan feeFee for purchases and salesDepends on pricing planCost of switching providerCosts in the payout phase

Investment

Not yet published:Who decides on the investmentGrowth componentLow-risk componentInitial allocationShift before retirementInvestment choiceContribution guarantee

Contributions and switching

Not yet published:Minimum contributionLump-sum paymentsPausing contributionsRiester transferAllowance application

Payout

Not yet published:Drawdown planLife annuityWithdrawal for owner-occupied property

Opening an account

Not yet published:How to sign upRequirementsStartCertificationSpecial features

Die HannoverscheInsurer

Die Hannoversche's Altersvorsorgedepot page ↗

Die Hannoversche: product name not yet published

Variant not announced

Costs

Not yet published:Total cost p.a.Account or contract feeFund costs (TER)Refund of fund costsFront-end loadSavings plan feeFee for purchases and salesDepends on pricing planCost of switching providerCosts in the payout phase

Investment

Not yet published:Who decides on the investmentGrowth componentLow-risk componentInitial allocationShift before retirementInvestment choiceContribution guarantee

Contributions and switching

Riester transfer: transfer of Riester savings into the new products possibleSource ↗ · retrieved 21 October 2026 at 13:17 (Berlin time)

Not yet published:Minimum contributionLump-sum paymentsPausing contributionsAllowance application

Payout

Not yet published:Drawdown planLife annuityWithdrawal for owner-occupied property

Opening an account

How to sign up: directly with the direct insurer (no agent network); online journey not yet describedannouncedSource ↗ · retrieved 21 October 2026 at 13:17 (Berlin time)
Start: 1 January 2027Source ↗ · retrieved 21 October 2026 at 13:17 (Berlin time)
Special features: Hannoversche aims to carry the cost efficiency of its Riester/fund pensions (effective costs < 1%) over to the new productsannouncedSource ↗ · retrieved 21 October 2026 at 13:17 (Berlin time)

Not yet published:RequirementsCertification

FinanzguruFund company

Finanzguru's Altersvorsorgedepot page ↗

Finanzguru-Altersvorsorgedepot (in partnership with Franklin Templeton)

Variant not announced

Costs

Investment

Investment choice: ETFs (selection not yet published); product solutions from Franklin TempletonannouncedSource ↗ · retrieved 21 October 2026 at 13:16 (Berlin time)

Not yet published:Who decides on the investmentGrowth componentLow-risk componentInitial allocationShift before retirementContribution guarantee

Contributions and switching

Not yet published:Minimum contributionLump-sum paymentsPausing contributionsRiester transferAllowance application

Payout

Not yet published:Drawdown planLife annuityWithdrawal for owner-occupied property

Opening an account

How to sign up: online in the Finanzguru app (dwins GmbH); waiting list at finanzguru.deannouncedSource ↗ · retrieved 21 October 2026 at 13:16 (Berlin time)
Start: January 2027announcedSource ↗ · retrieved 21 October 2026 at 13:16 (Berlin time)
Special features: personal advice and AI support planned; Sparbooster points flow into the AVDannouncedSource ↗ · retrieved 21 October 2026 at 13:16 (Berlin time)

Not yet published:RequirementsCertification

FNZ BankDirect bank

FNZ Bank's Altersvorsorgedepot page ↗

FNZ Bank: product name not yet published

Variant not announced

Costs

Investment

Contribution guarantee: NoneSource ↗ · retrieved 21 October 2026 at 13:15 (Berlin time)

Not yet published:Who decides on the investmentGrowth componentLow-risk componentInitial allocationShift before retirementInvestment choice

Contributions and switching

Not yet published:Minimum contributionLump-sum paymentsPausing contributionsRiester transferAllowance application

Payout

Not yet published:Drawdown planLife annuityWithdrawal for owner-occupied property

Opening an account

How to sign up: via sales partners/intermediaries (B2B custodian bank); account opened onlineannouncedSource ↗ · retrieved 21 October 2026 at 13:15 (Berlin time)
Start: January 2027 (scheduled)announcedSource ↗ · retrieved 21 October 2026 at 13:15 (Berlin time)

Not yet published:RequirementsCertificationSpecial features

FNZ Bank: product name not yet published

Variant not announced

Costs

Investment

Contribution guarantee: NoneSource ↗ · retrieved 21 October 2026 at 13:15 (Berlin time)

Not yet published:Who decides on the investmentGrowth componentLow-risk componentInitial allocationShift before retirementInvestment choice

Contributions and switching

Not yet published:Minimum contributionLump-sum paymentsPausing contributionsRiester transferAllowance application

Payout

Not yet published:Drawdown planLife annuityWithdrawal for owner-occupied property

Opening an account

How to sign up: via sales partners/intermediaries (B2B custodian bank); account opened onlineannouncedSource ↗ · retrieved 21 October 2026 at 13:15 (Berlin time)
Start: January 2027 (scheduled)announcedSource ↗ · retrieved 21 October 2026 at 13:15 (Berlin time)

Not yet published:RequirementsCertificationSpecial features

HUK-CoburgInsurer

HUK-Coburg's Altersvorsorgedepot page ↗

HUK-Coburg: product name not yet published

Variant not announced

Costs

Investment

Not yet published:Who decides on the investmentGrowth componentLow-risk componentInitial allocationShift before retirementInvestment choiceContribution guarantee

Contributions and switching

Not yet published:Minimum contributionLump-sum paymentsPausing contributionsRiester transferAllowance application

Payout

Not yet published:Drawdown planLife annuityWithdrawal for owner-occupied property

Opening an account

Start: 1 January 2027Source ↗ · retrieved 21 October 2026 at 13:19 (Berlin time)

Not yet published:How to sign upRequirementsCertificationSpecial features

HUK-Coburg: product name not yet published

Variant not announced

Costs

Investment

Not yet published:Who decides on the investmentGrowth componentLow-risk componentInitial allocationShift before retirementInvestment choiceContribution guarantee

Contributions and switching

Not yet published:Minimum contributionLump-sum paymentsPausing contributionsRiester transferAllowance application

Payout

Not yet published:Drawdown planLife annuityWithdrawal for owner-occupied property

Opening an account

Start: 1 January 2027Source ↗ · retrieved 21 October 2026 at 13:19 (Berlin time)

Not yet published:How to sign upRequirementsCertificationSpecial features

justTRADENeobroker

justTRADE's Altersvorsorgedepot page ↗

AV-Depot Standard

StandarddepotSource ↗ · retrieved 21 October 2026 at 13:38 (Berlin time)

Costs

Investment

Who decides on the investment: more pre-structured (Standarddepot)announcedSource ↗ · retrieved 21 October 2026 at 13:38 (Berlin time)

Not yet published:Growth componentLow-risk componentInitial allocationShift before retirementInvestment choiceContribution guarantee

Contributions and switching

Minimum contribution: €10 per month (minimum contribution for the subsidy)Source ↗ · retrieved 21 October 2026 at 13:38 (Berlin time)

Not yet published:Lump-sum paymentsPausing contributionsRiester transferAllowance application

Payout

Not yet published:Drawdown planLife annuityWithdrawal for owner-occupied property

Opening an account

Start: 1 January 2027 (planned)announcedSource ↗ · retrieved 21 October 2026 at 13:38 (Berlin time)

Not yet published:How to sign upRequirementsCertificationSpecial features

AV-Depot Active

Variant not announced

Costs

Investment

Who decides on the investment: self-directed (more choice, more personal responsibility)announcedSource ↗ · retrieved 21 October 2026 at 13:38 (Berlin time)

Not yet published:Growth componentLow-risk componentInitial allocationShift before retirementInvestment choiceContribution guarantee

Contributions and switching

Minimum contribution: €10 per month (minimum contribution for the subsidy)Source ↗ · retrieved 21 October 2026 at 13:38 (Berlin time)

Not yet published:Lump-sum paymentsPausing contributionsRiester transferAllowance application

Payout

Not yet published:Drawdown planLife annuityWithdrawal for owner-occupied property

Opening an account

Start: 1 January 2027 (planned)announcedSource ↗ · retrieved 21 October 2026 at 13:38 (Berlin time)

Not yet published:How to sign upRequirementsCertificationSpecial features

XTBNeobroker

Altersvorsorgedepot (product announced, name/variants not yet published)

Variant not announced

Costs

Investment

Not yet published:Who decides on the investmentGrowth componentLow-risk componentInitial allocationShift before retirementInvestment choiceContribution guarantee

Contributions and switching

Not yet published:Minimum contributionLump-sum paymentsPausing contributionsRiester transferAllowance application

Payout

Not yet published:Drawdown planLife annuityWithdrawal for owner-occupied property

Opening an account

Not yet published:How to sign upRequirementsStartCertificationSpecial features

Methodology

How this comparison is put together

1
Provider sources only
We read each provider's own pages: product page, FAQs, price list and press releases. We do not show figures from the press or other comparison sites.
2
Every figure backed
For every value we store the exact sentence from the source and show the source together with the time it was retrieved.
3
Re-checked every week
Every week we retrieve all sources again. If the supporting sentence is still there, the figure stays. If it is gone, we take the figure down until it is backed again.
4
No winner
While the terms are preliminary, we do not rate anyone. The order is alphabetical, and we add new providers as soon as they publish something themselves.

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The subsidy calculator shows how much state support your contribution earns. The Altersvorsorgedepot guide explains the basics.

Legal notice

This article is for general information and reflects the position at the time of publication. It does not constitute investment advice, investment brokerage, tax advice or legal advice.

The study results, scenarios, model calculations and diagnostic questions presented here are no substitute for an assessment of your personal circumstances. Whether a retirement product suits you, and whether changing an existing Riester contract is advantageous, depends on your individual contract terms, financial goals and personal situation.

Depending on the product and the subject of the advice, different regulatory permissions may be required, for example under § 34d, § 34f or § 34h GewO. Capital investments carry risk. Past performance is not a reliable indicator of future results.

We cannot guarantee that the information on this page is current, accurate or complete. You will find all up-to-date product and price information on the respective providers' own websites. You can see how we award points for each individual condition in our scoring overview. We highlight the highest-scoring providers as top recommendations at the start of the page.

English translation: This is a convenience translation. Vorsorgedepot-Lotse is a German provider and the German version of this page is the legally binding text; in the event of any discrepancy, the German wording prevails. View the German version.

As at: 21 October 2026.