Trivalent europium (Eu3+) doped phosphors usually radiate orange or red light owing to distinct transitions from the 5D0 excited level to the ground states of 7F1 and 7F2. However, Eu3+ activated phosphors with a dominant deep‐red emission due to 5D0→7F4 transition are relatively rare. In this work, the synthesis and photoluminescence properties of Ca3Al2Ge3O12:Eu3+ deep‐red phosphor with an intense 5D0→7F4 transition are reported. Irradiating this new garnet phosphor with 394 nm near‐ultraviolet light generates a dominant deep‐red emission band centered at 707 nm. The phosphor has a high internal quantum efficiency of 98.4% and excellent luminescence thermal stability, maintaining 78.8% of the room temperature emission intensity at 150 °C. Based on the unique spectral feature of this new compound, a phosphor‐converted deep‐red LED prototype device is fabricated, producing an output power of 27.3 mW with a photoelectric conversion efficiency of 4.0% at 200 mA. Plant growth experiments are also conducted to demonstrate the obvious positive effects of the fabricated deep‐red LED on plant growth, further indicating that the as‐prepared Ca3Al2Ge3O12:Eu3+ deep‐red phosphor can act as a promising luminescence converter for plant growth LED bulbs.