Consumer Banking
Chase launches in Germany with top-rate savings account
- Chase introduces a fee-free digital savings account with a market-leading rate of 4 % p. a. for the first 4 months, enabling Germans to make the most of their money.
- Chase customers can manage their savings flexibly through an intuitive mobile app, and access personal customer support when it matters.
- By 2028, Chase plans to introduce a portfolio of services, including current accounts, investments, and lending products, to help customers spend, save, and invest their money.
- Consumers in Germany can now download the Chase app at all relevant app stores.
Berlin, May 20, 2026 – JPMorganChase today officially launches its new digital bank, Chase, in Germany. Its first product is a fee-free savings account that features a market leading interest rate and a seamless digital banking experience. Savers can earn interest of 4% p. a. for the first 4 months on their balances. After that period, a variable base rate of 2% p. a. applies.1
“Chase is designed to meet the needs of today’s savers by combining the best of both worlds: the reliability and expertise of a trusted global bank with the advantages of a newly built mobile banking experience”, says Daniel Llano Manibardo, Head of Chase in Germany. “We have a strong savings culture in Germany with significant untapped potential. With Chase, customers will get a market-leading interest rate offer – and a long-term commitment to help them make the most of their money via a competitive ongoing rate.”
App-based banking solution with Personal Customer Support
Chase is introducing a fully app-based banking solution tailored to the German market. Customers will always have full control over their finances and can access personal and professional customer support agents when needed. With just a few taps in the Chase app, customers will be connected to a specialist via phone or chat.
Key features of the Chase savings account include:
- Fee-free savings account with a market-leading interest rate: guaranteed interest rate of 4% p. a. for the first 4 months; a variable base rate of 2% p. a. applies thereafter, with clear, easy-to-understand terms.
- Frequent interest payout: Interest is calculated daily and paid monthly for improved visibility of returns.
- Fast, fully digital onboarding: Consumers can open an account in minutes via the app. ID verification can be done seamlessly through VideoIdent or the eID function of the German national identity card.
- Savings insights: Customers can gain a clear understanding of their savings progress, track balance and interest earned over time, and monitor advancement toward savings goals.
- Transparent taxation: Customers receive a transparent breakdown of the taxes applicable to their gains with made with Chase and they can set their tax exemption order directly in the app with a few clicks.
- Deposit protection: In Germany, Chase is operated by J.P. Morgan SE. Deposits are protected up to €100,000 per customer and per bank under the German statutory deposit insurance. In addition, J.P. Morgan SE is a member of the voluntary Deposit Protection Fund of the Association of German Banks, protecting individuals’ deposits up to a current maximum amount of three million euros.
Laying the foundation for a digital primary banking offer in Germany
Chase is committed to supporting its customers get the most from their money, establishing itself as a leading primary bank in Germany over the long term. As part of this strategic vision, the company will expand its suite of banking solutions to address the evolving financial needs of consumers. By 2028, Chase plans to launch a robust portfolio of services, including current accounts, investments, and lending products, empowering customers to spend, save, and invest towards their personal goals. To drive this expansion, Chase has assembled a dedicated team of more than 150 experts in its newly opened Berlin office
Mark O’Donovan, CEO International Consumer Banking, JPMorganChase, states: “We’re excited to introduce German consumers to the Chase experience for the first time, and this is just the beginning. In the long run, our ambition is to establish Chase as the digital bank of choice in Germany, offering consumers a suite of innovative products that leverage our extensive international expertise and deep local presence.”
Chase is one of the leading retail banks in the USA and the UK, with more than 80 million customers. After a successful market entry in the UK in 2021, where Chase has now gained more than three million customers, Germany follows as the second European market.
About Chase in Germany
Chase is the consumer banking business of JPMorgan Chase & Co (NYSE: JPM), a leading global financial services firm with assets of $4.9 trillion (as of March 31, 2026) and operations worldwide. Chase with offices in Berlin is designed specifically to meet the needs of customers in the country. It will provide a range of banking products and features, having started with a savings account. In Germany, Chase is operated by J.P. Morgan SE. J.P. Morgan SE is a European public limited company (Societas Europaea), registered with the local court of Frankfurt am Main. J.P. Morgan SE is authorized by the Federal Financial Supervisory Authority (BaFin) and jointly supervised by BaFin, the European Central Bank (ECB), and the Deutsche Bundesbank (Bundesbank). More information is available at www.chase.de.
Media Contact
Julian Wadley, julian.wadley@jpmorgan.com
Tobias Enke, tobias.enke@jpmorgan.com