Fund company2 products

DWS / Deutsche Bank Altersvorsorgedepot: costs, variants and terms

DWS (inkl. Vertrieb über Deutsche Bank / Postbank) has announced 2 products for the Altersvorsorgedepot (Germany's new state-subsidised retirement investment account): DWS Standarddepot (via Deutsche Bank / Postbank), DWS Altersvorsorgedepot (advice offering via Deutsche Bank / Postbank). This page lists everything DWS / Deutsche Bank has published about it so far, with the source and the time we retrieved it.

DWS / Deutsche Bank website ↗Compare all providers

Before launch

Early registration: ReservationSource ↗ · retrieved 21 October 2026 at 13:37 (Berlin time)

Promotion: Deutsche Bank/Postbank: Standarddepot only 0.10% for the first two years (0.18% contract fee waived)Source ↗ · retrieved 21 October 2026 at 13:36 (Berlin time)

Not sure which account fits you?

A free, no-obligation conversation with an independent adviser.

DWS Standarddepot (via Deutsche Bank / Postbank)

StandarddepotSource ↗ · retrieved 21 October 2026 at 13:36 (Berlin time)

Costs

Total cost p.a.: 0.10% p.a. in the first two years after signing, then 0.28% p.a. (plus any transaction costs)Source ↗ · retrieved 21 October 2026 at 13:36 (Berlin time)
Account or contract fee: Contract fee 0.18% p.a.; waived for the first two yearsSource ↗ · retrieved 21 October 2026 at 13:36 (Berlin time)
Fund costs (TER): 0.10% p.a. (ETF costs)announcedSource ↗ · retrieved 21 October 2026 at 13:36 (Berlin time)

Not yet published:Refund of fund costsFront-end loadSavings plan feeFee for purchases and salesDepends on pricing planCost of switching providerCosts in the payout phase

Investment

Who decides on the investment: Standarddepot with two ETFs, mix based on your own risk profileSource ↗ · retrieved 21 October 2026 at 13:36 (Berlin time)
Investment choice: two ETFs with different risk profilesSource ↗ · retrieved 21 October 2026 at 13:36 (Berlin time)
Contribution guarantee: no capital guaranteeSource ↗ · retrieved 21 October 2026 at 13:36 (Berlin time)

Not yet published:Growth componentLow-risk componentInitial allocationShift before retirement

Contributions and switching

Minimum contribution: €10 per month (minimum contribution according to Deutsche Bank's subsidy calculator)Source ↗ · retrieved 21 October 2026 at 13:36 (Berlin time)
Riester transfer: transfer of existing Riester contracts possible (not mandatory); costs not statedSource ↗ · retrieved 21 October 2026 at 13:36 (Berlin time)

Not yet published:Lump-sum paymentsPausing contributionsAllowance application

Payout

Drawdown plan: Drawdown plan until at least 85; one-off withdrawal of 30% possibleSource ↗ · retrieved 21 October 2026 at 13:36 (Berlin time)

Not yet published:Life annuityWithdrawal for owner-occupied property

Opening an account

How to sign up: digital only (Deutsche Bank / Postbank), without adviceSource ↗ · retrieved 21 October 2026 at 13:36 (Berlin time)
Start: 1 January 2027Source ↗ · retrieved 21 October 2026 at 13:36 (Berlin time)
Special features: Launch discount: ETF costs only (0.10%) for 2 years, then 0.28%; transaction costs that vary from year to year may also applySource ↗ · retrieved 21 October 2026 at 13:36 (Berlin time)

Not yet published:RequirementsCertification

DWS Altersvorsorgedepot (advice offering via Deutsche Bank / Postbank)

Self-directed accountSource ↗ · retrieved 21 October 2026 at 13:36 (Berlin time)

Costs

Total cost p.a.: 0.99% p.a. (fee) plus any transaction costsannouncedSource ↗ · retrieved 21 October 2026 at 13:36 (Berlin time)

Not yet published:Account or contract feeFund costs (TER)Refund of fund costsFront-end loadSavings plan feeFee for purchases and salesDepends on pricing planCost of switching providerCosts in the payout phase

Investment

Investment choice: extended product range (various securities with different risk-return profiles)announcedSource ↗ · retrieved 21 October 2026 at 13:36 (Berlin time)
Contribution guarantee: no capital guaranteeannouncedSource ↗ · retrieved 21 October 2026 at 13:36 (Berlin time)

Not yet published:Who decides on the investmentGrowth componentLow-risk componentInitial allocationShift before retirement

Contributions and switching

Not yet published:Minimum contributionLump-sum paymentsPausing contributionsRiester transferAllowance application

Payout

Not yet published:Drawdown planLife annuityWithdrawal for owner-occupied property

Opening an account

How to sign up: digital and through personal advice at Deutsche Bank and PostbankannouncedSource ↗ · retrieved 21 October 2026 at 13:36 (Berlin time)
Start: during 2027 (not at market launch)announcedSource ↗ · retrieved 21 October 2026 at 13:36 (Berlin time)
Special features: annually fluctuating transaction costs may also applyannouncedSource ↗ · retrieved 21 October 2026 at 13:36 (Berlin time)

Not yet published:RequirementsCertification

More providers: Fund company

Not sure which account fits you?

Get free, independent advice. We'll help you find the right account and the right path into the Altersvorsorgedepot from 2027.

Free and without obligation.

Legal notice

This article is for general information and reflects the position at the time of publication. It does not constitute investment advice, investment brokerage, tax advice or legal advice.

The study results, scenarios, model calculations and diagnostic questions presented here are no substitute for an assessment of your personal circumstances. Whether a retirement product suits you, and whether changing an existing Riester contract is advantageous, depends on your individual contract terms, financial goals and personal situation.

Depending on the product and the subject of the advice, different regulatory permissions may be required, for example under § 34d, § 34f or § 34h GewO. Capital investments carry risk. Past performance is not a reliable indicator of future results.

We cannot guarantee that the information on this page is current, accurate or complete. You will find all up-to-date product and price information on the respective providers' own websites. You can see how we award points for each individual condition in our scoring overview. We highlight the highest-scoring providers as top recommendations at the start of the page.

English translation: This is a convenience translation. Vorsorgedepot-Lotse is a German provider and the German version of this page is the legally binding text; in the event of any discrepancy, the German wording prevails. View the German version.

As at: 21 October 2026.