Top 10 FinTech deals of February 2021 (UK & Europe version) ibsintelligence.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ibsintelligence.com Daily Mail and Mail on Sunday newspapers.
Raisin Extends Partnership With N26 to Deliver “Top” Interest Rates On New EasyFlex Savings Accounts
Raisin announced on Wednesday it has expanded its partnership with
digital bank
N26 to extend N26 product portfolio with EasyFlex Savings, a flexible overnight deposit with an interest rate of 0.21% p.a., a top offer in the German market.
The European fintechs have notably been working together since 2017 and N26 customers have been able to select and open a range of Raisin’s fixed-term deposit account within the N26 mobile app. Speaking about the partnership’s expansion, Benedikt Voller, Raisin VP Business Clients and Partnerships, stated:
External | what does this mean?
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
Raisin and N26 combine to deliver top interest rates on new overnight accounts 25 February 2021
Source: N26 Despite Germans’ status as the champion savers of Europe, with a current total deposits volume in Germany of over 2.5 trillion euros, Germany has not been able to cure its low interest rate headache. According to current data from the European Central Bank, the average interest rate in Germany for retail customers is now for the first time below zero, at -0.01%. The German Bundesbank has also revealed a steadily increasing number of credit institutions charging their customers a custody fee.