Cross-border savings and investments marketplace 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:
“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.”
N26 General Manager DACH and Northern Europe Georg Hauer then commented:
“With EasyFlex Savings, our customers can now make even more out of their money – digitally, securely, and at no cost. 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.”
Raisin’s added its German platform features deposit products from dozens of Raisin partner banks across Europe. Those made available through N26’s EasyFlex Savings include the competitive 0.21% overnight account at Norwegian Komplett Bank, with a minimum investment of €500.
Founded in 2013, Raisin claims to be the leading pan-European wealth management platform, connecting retail customers with financial institutions looking to expand or diversify their deposit reach.