Cross-border savings and investments marketplace Raisin and the german digital bank N26 combine their strengths to deliver top interest rates.
This partnership is supposed to help N26 with extending its product portfolio with EasyFlex Savings.
This is a flexible overnight deposit that offers an interest rate of 0.21% p.a., which is the best offer in the German market.
Current data from the European Central Bank show that the average interest rate in Germany for retail customers is below zero at this point, being at -0.01%.
Recent data from the German Bundesbank have also shown a steadily increasing number of credit institutions charging their customers a custody fee.
N26 and Raisin partnership goes back to 2017. Since then the N26 customers have been given the opportunity to select and open a wide range of Raisin’s fixed-term deposit accounts within the N26 app through “N26 Savings.”
“With our new partner offer, N26 and Raisin are excited to give millions of customers the opportunity to flexibly invest their savings at one of the best available interest rates on the market. Having continuously developed over the past several years, our cooperation proves once again that mobile banking and pan-European investment are a win-win for everyone,” explains Benedikt Voller, Raisin VP Business Clients and Partnerships.
“With EasyFlex Savings, our customers can now make even more out of their money – digitally, securely, and at no cost,” says Georg Hauer, N26 General Manager DACH and Northern Europe
“We are very pleased to further expand our long-standing partnership with Raisin with this offering. Together, we want to show that saving is worthwhile even in this time of zero interest,” he adds.
The German digital bank has also recently announced the launch of a 100% digital N26 Standard account equipped with a virtual card.