Deutsche Bank’s deposits in Q1 2023 were down 5% to €592 billion. Most happened before banking turmoil in March, driven by depositors seeking higher rates.
Deutsche Bank now offers a 2.4% APR on a 1-year fixed saving account to retain or attract customer deposits.
Meanwhile, inflation in Germany, measured as the year-on-year change in the consumer price index (CPI), stood at 7.4% in March 2023.
