Deutsche Bank shuns “aggressive” promotions to beat rivals
Key takeaways
- Deutsche Bank shuns “aggressive” promotions to beat rivals Deutsche Bank’s Postbank brand has nevertheless introduced a 3.2% promotional rate for new clients’ deposits over six months.
- Notably, the move follows JPMorgan’s May launch of its Chase digital retail bank in Germany, with a 4% deposit rate for new customers for four months.
- Raja Akram, Deutsche Bank’s chief financial officer, said at a financial conference that competition was familiar, even if the firms involved had changed, reported Reuters.
Deutsche Bank shuns “aggressive” promotions to beat rivals Deutsche Bank’s Postbank brand has nevertheless introduced a 3.2% promotional rate for new clients’ deposits over six months. Credit: The Photo Fab/ Shutterstock.com. · Retail Banker International · The Photo Fab/ Shutterstock.com. Vidhya Edwards Munnangi Thu, June 4, 2026 at 7:02 PM GMT+7 1 min read DB JPM Deutsche Bank’s finance chief said the lender would not mirror rivals’ "aggressive" promotions to win new customers, maintaining confidence in its ability to cope up with tough competition.
Notably, the move follows JPMorgan’s May launch of its Chase digital retail bank in Germany, with a 4% deposit rate for new customers for four months. That business will operate through a mobile-only model.
Raja Akram, Deutsche Bank’s chief financial officer, said at a financial conference that competition was familiar, even if the firms involved had changed, reported Reuters.