Starting today, German SMEs can open term accounts via the Raisin platform. Companies will be able to open and manage term accounts across Europe and earn higher interest. The service starts in Germany, where negative interest rates have particularly affected the market: on average, companies are offered -0.14% when they want to invest in a term account.
« Now they can enjoy up to 0.7% interest by simply registering on our online platform, » says Tamaz Georgadze, CEO and co-founder of Raisin. Three European banks Younited Credit (France) Banco, BNI Europa (Portugal), and Greensill Bank (Germany) are the first Raisin partner banks to offer their products to German SMEs. Other banks want to join the platform by the end of 2017: companies will have more and more choices to invest their capital.
Thanks to its experience with private customers, Raisin is investing in businesses: since its creation in 2013, more than 90,000 customers have already invested more than 4 billion euros via the platform. The largest pan-European savings market provides access to exclusive savings products for clients across Europe via the www.raisin.fr platforms and manages dedicated platforms in Germany, France, Spain and Austria.