Direct bank2 products

comdirect Altersvorsorgedepot: costs, variants and terms

comdirect has announced 2 products for the Altersvorsorgedepot (Germany's new state-subsidised retirement investment account): Altersvorsorgedepot Standard, Altersvorsorgedepot Flexibel. This page lists everything comdirect has published about it so far, with the source and the time we retrieved it.

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Before launch

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)

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Altersvorsorgedepot Standard

StandarddepotSource ↗ · retrieved 21 October 2026 at 13:34 (Berlin time)

Costs

Total cost p.a.: no price range yet; comdirect expects 'well below' the 1% cost capannouncedSource ↗ · retrieved 21 October 2026 at 13:34 (Berlin time)

Not yet published: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

Who decides on the investment: managed (two preselected ETFs; customer sets the weighting)Source ↗ · retrieved 21 October 2026 at 13:34 (Berlin time)
Growth component: comdirect's own world equity ETFannouncedSource ↗ · retrieved 21 October 2026 at 13:34 (Berlin time)
Low-risk component: second, lower-risk ETF (in development)announcedSource ↗ · retrieved 21 October 2026 at 13:34 (Berlin time)
Initial allocation: Customer decides the weighting of the two ETFsSource ↗ · retrieved 21 October 2026 at 13:34 (Berlin time)
Shift before retirement: gradual shift into the lower-risk ETF with increasing ageannouncedSource ↗ · retrieved 21 October 2026 at 13:34 (Berlin time)
Investment choice: 2 predefined securities (ETFs)Source ↗ · retrieved 21 October 2026 at 13:34 (Berlin time)

Not yet published:Contribution guarantee

Contributions and switching

Minimum contribution: €10 per month or €120 per year (minimum contribution for the subsidy)Source ↗ · retrieved 21 October 2026 at 13:34 (Berlin time)
Lump-sum payments: Yes, flexible one-off contributionsSource ↗ · retrieved 21 October 2026 at 13:34 (Berlin time)
Pausing contributions: Yes, savings instalments can be adjusted or paused at any timeSource ↗ · retrieved 21 October 2026 at 13:34 (Berlin time)
Riester transfer: transfer of Riester savings planned from 2027; the customer initiates the transferannouncedSource ↗ · retrieved 21 October 2026 at 13:34 (Berlin time)
Allowance application: Standing allowance application filed once with comdirect, then automatic every year; costs not statedSource ↗ · retrieved 21 October 2026 at 13:34 (Berlin time)

Payout

Drawdown plan: flexible drawdown plan, monthly, at least to 85; start usually selectable between 65 and 70Source ↗ · retrieved 21 October 2026 at 13:34 (Berlin time)

Not yet published:Life annuityWithdrawal for owner-occupied property

Opening an account

How to sign up: digital (online)Source ↗ · retrieved 21 October 2026 at 13:34 (Berlin time)
Start: January 2027 (available to sign from 1 January)announcedSource ↗ · retrieved 21 October 2026 at 13:34 (Berlin time)
Special features: low-cost entry; comdirect's own ETFsSource ↗ · retrieved 21 October 2026 at 13:34 (Berlin time)

Not yet published:RequirementsCertification

Altersvorsorgedepot Flexibel

Self-directed accountSource ↗ · retrieved 21 October 2026 at 13:34 (Berlin time)

Costs

Total cost p.a.: no figure; according to comdirect 'attractively priced', but 'somewhat higher costs' than the StandarddepotannouncedSource ↗ · retrieved 21 October 2026 at 13:34 (Berlin time)

Investment

Who decides on the investment: self-directedSource ↗ · retrieved 21 October 2026 at 13:34 (Berlin time)
Growth component: Choice of ETFs and fundsSource ↗ · retrieved 21 October 2026 at 13:34 (Berlin time)
Low-risk component: Choice of ETFs and fundsSource ↗ · retrieved 21 October 2026 at 13:34 (Berlin time)
Investment choice: very wide choice of ETFs and actively managed fundsSource ↗ · retrieved 21 October 2026 at 13:34 (Berlin time)

Not yet published:Initial allocationShift before retirementContribution guarantee

Contributions and switching

Minimum contribution: €10 per month or €120 per year (minimum contribution for the subsidy)Source ↗ · retrieved 21 October 2026 at 13:34 (Berlin time)
Lump-sum payments: Yes, flexible one-off contributionsSource ↗ · retrieved 21 October 2026 at 13:34 (Berlin time)
Pausing contributions: Yes, savings instalments can be adjusted or paused at any timeSource ↗ · retrieved 21 October 2026 at 13:34 (Berlin time)
Riester transfer: transfer of Riester savings planned from 2027; the customer initiates the transferannouncedSource ↗ · retrieved 21 October 2026 at 13:34 (Berlin time)
Allowance application: Standing allowance application filed once with comdirect, then automatic every year; costs not statedSource ↗ · retrieved 21 October 2026 at 13:34 (Berlin time)

Payout

Drawdown plan: flexible drawdown plan, monthly, at least to 85; start usually selectable between 65 and 70Source ↗ · retrieved 21 October 2026 at 13:34 (Berlin time)

Not yet published:Life annuityWithdrawal for owner-occupied property

Opening an account

How to sign up: digital (online)Source ↗ · retrieved 21 October 2026 at 13:34 (Berlin time)
Start: January 2027 (available to sign from 1 January)announcedSource ↗ · retrieved 21 October 2026 at 13:34 (Berlin time)
Special features: slightly higher costs than the standard modelSource ↗ · retrieved 21 October 2026 at 13:34 (Berlin time)

Not yet published:RequirementsCertification

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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.