Mobile-only banking platform N26 has partnered with Raisin to open access to savings accounts from banks across Europe.
N26 has laid claim to becoming Europe’s leading mobile-only bank, growing its user base to 300,000 and recording a seven-fold growth in transaction volumes over the past year. The startup says it is currently racking up 1000 new users every day.
The tie-up with Raisin now pushes the bank into the market for savings, offering customers a fixed-term account from one of 27 partner banks across the Eurozone accessible through a paperless sign-up process. Consumers can invest between EUR2000-EUR100,000 for a minimum 12-month fixed term, and set an alert to remind themselves to review the rates available when the term ends.
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