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Deutsche Bank review

Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026

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Our verdict

Deutsche Bank suits savers in Germany who prioritise flexible access, no minimum deposit and no monthly fee over a competitive rate. Its variable headline rate is 0.5%, while withdrawals remain available on demand and deposits have EU DGS protection of EU DGS up to EUR 100,000.

Key facts

Best for
Easy-access savings with a low headline rate but no minimum deposit or monthly fee.
Headline rate
0.5%↗
Rate type
Variable↗
Term
12 to 120 months↗
Minimum deposit
€0↗
Deposit protection
EU DGS up to EUR 100,000↗
Access terms
On demand at any time, no notice period; withdrawals only to the customer-defined reference account↗
Monthly fee
€0↗
Account kind
Easy access↗
Regulators
Federal Financial Supervisory Authority (BaFin), SIPC↗
Legal entity
Deutsche Bank AG↗
Headquarters
Germany↗
Founded
1870↗
Support channels
Phone, Email, Help-centre↗
Pricing model
No monthly fee
Official website
deutsche-bank.de

Loans

APR
3.25% to 13.48%↗
Loan amount
€3,000 to €80,000↗
Credit check
Hard↗
Funding time
Within a few days after document review and approval↗
Representative example
Net loan 10,000 EUR, effective annual rate 9.71 %, fixed nominal rate 9.30 % p.a., 85 months, monthly instalment 164 EUR, total payable 13,737 EUR↗
Lender type
Direct lender↗
Free early repayment
Yes↗
Eligibility
Of age (adult), non-self-employed with regular income, positive credit rating, residence in Germany↗
Loan types
Personal↗

Credit cards

Rewards type
Miles↗
Card kind
Credit↗

Brokers

Investor protection
EU ICS up to EUR 20,000↗

Mortgages

Fixed period
up to 30 years↗
Purpose
Purchase, Buy-to-let↗

Facts checked September 26, 2026, 7 sources

Apps and profiles

Get the app
App Store
Elsewhere
Wikidatafacebook.cominstagram.comdeutsche-bank.de

Pros and cons

Pros

  • On-demand access with no notice period, subject to withdrawals going to the customer-defined reference account.
  • A minimum deposit of €0 and monthly fee of €0.
  • Savings deposits have EU DGS protection of EU DGS up to EUR 100,000.
  • Support runs through phone, email and help centre.

Cons

  • The variable headline rate is 0.5%, below the site median of 3%.
  • The headline-rate position is 414 among 488 brands.
Deutsche Bank

Ready to try Deutsche Bank?

Scored 9.4 / 10 by SumCue.

See alternatives

Who it suits

  • Savers in Germany who want on-demand access to their money.
  • Customers who can manage a variable rate and value no minimum deposit or monthly fee.

Who should look elsewhere

  • Wise savers prioritising a headline rate of 3.29%.
  • bunq savers prioritising a headline rate of 3.01%.

Where it sits among rivals

Deutsche Bank ranks 414 on headline rate among 488 brands. Its minimum deposit ranks 1 among 379 brands, making flexible saving the stronger part of its proposition. The headline rate of 0.5% is well below the site median of 3%.

Safety of your money

Savings deposits are covered by EU DGS protection of EU DGS up to EUR 100,000. Deutsche Bank AG is the legal entity, and the German regulators named for the brand are the Europäische Zentralbank and Bundesanstalt für Finanzdienstleistungsaufsicht. Depositor protection helps protect eligible cash deposits, although the stated ceiling limits the maximum protection.

How Deutsche Bank compares

Where Deutsche Bank is available

Available
Germany
Licence in Germany
Europäische Zentralbank (EZB), checked September 26, 2026
Licence in Germany
Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin), checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What is the Deutsche Bank savings headline rate?+

The variable headline rate is 0.5%. That is below the site median of 3%, so access and fees matter more here than headline return.

Is there a minimum deposit for Deutsche Bank savings?+

The minimum deposit is €0. Its position on minimum deposit is 1 among 379 brands, supporting customers who want to start without a substantial balance.

Are there monthly fees on the savings account?+

The monthly fee is €0, and the account is described as having no monthly fee. This keeps the stated account charge at €0 while allowing on-demand access.

Can I withdraw from Deutsche Bank savings at any time?+

Funds are available on demand with no notice period. Withdrawals can only go to the customer-defined reference account, which may be less flexible than allowing transfers to multiple destinations.

Is the Deutsche Bank savings rate fixed or variable?+

The rate type is variable. The current headline rate is 0.5%, so it may change rather than remaining fixed for a stated term.

How much deposit protection is available?+

Savings deposits have EU DGS protection of EU DGS up to EUR 100,000. Deutsche Bank AG is the legal entity, with the Europäische Zentralbank and Bundesanstalt für Finanzdienstleistungsaufsicht named as German regulators.

What support channels are available?+

Support is available through phone, email and help centre. These channels cover phone, email and a help centre, giving customers direct and self-service options for account questions.

Sources

Compiled from 7 source pages, checked September 26, 2026. We did not open an account.

Deutsche Bank

Deutsche Bank

Easy-access savings with a low headline rate but no minimum deposit or monthly fee.

9.4/10See alternatives