The financial crisis has forced German banks to rediscover such traditional refinancing sources as savings deposits and Pfandbrief covered bonds.
Working both those options is Postbank, which joined the Association of German Pfandbrief Banks in January. Not to be outdone in the bidding war for savers, this huge retail bank is offering bonus interest of 5.25% on deposits of at least â¬50,000 if the funds are committed for two calendar quarters.
