Deutsche Bank relaunches its deposit and raises its one-year yield to 3%.

Deutsche Bank Spain aims to attract customers from the major banks in our country by rewarding savings. Thus, the German bank with a presence in Spain has increased the yield on its Confianza Deposit by 25 basis points to 3% APR at one year , offering a percentage point above the interest rate set by the European Central Bank (ECB) at 2%.

The offer starts with a base rate of 2% APR when opening the deposit . However, it allows for an additional 0.40% if a minimum salary or pension of €1,500 is directly deposited into the deposit; an additional 0.25% if a credit card is also opened and used for an annual amount of €3,000. Likewise, the bonus would increase to 3% for the one-year fixed deposit if a new contribution of €10,000 or more is also made to an investment fund.

The promotion, which will run until December 31, is valid for up to €100 million in deposits and is available to new clients from other institutions.

The bonds must be maintained throughout the life of the deposit, with a minimum investment amount of €50,000 and a maximum of €300,000.

Fernando Camacho, head of Banking Products at Deutsche Bank Spain, stated after this relaunch that "we want our customers to find in Deutsche Bank an institution that supports them in their financial decisions. This improvement to the Confianza Deposit demonstrates our commitment to offering them solid and profitable alternatives."

Deutsche Bank Spain aims to attract customers from the major banks in our country by rewarding savings. Thus, the German bank with a presence in Spain has increased the yield on its Confianza Deposit by 25 basis points to 3% APR at one year , offering a percentage point above the interest rate set by the European Central Bank (ECB) at 2%.