To this end, the European business account Qonto is cooperating with Raisin to bring its customers in the German market higher rates. Qonto customers - primarily SMEs and start-ups - can now access deposit products from Raisin’s German platform WeltSparen, featuring competitive term deposit products from partner banks across Europe.

Along with Germany‘s historically low corporate interest rates, widespread lockdown restrictions have resulted in planning uncertainty, among other challenges. This makes interest income a welcome relief, while Raisin’s broader choice of profitable products helps improve liquidity management through the current economic crisis.

After registering, Qonto business customers can invest in as many Raisin deposits as they wish. Companies can choose between overnight and fixed-term deposits with different investment horizons as well as interest rates of up to 1.25% per year. The investments are protected up to a sum of 100,000 euros per customer per bank, in accordance with statutory deposit protection.

Lisa Schmid, Head of Business Clients at Raisin, adds: "The cooperation with Qonto lays the foundation for effective liquidity management of corporate funds. By making deposits through WeltSparen, companies and self-employed individuals can align their deposit strategy to their own financial needs, whether with overnight accounts keeping their cash available or with fixed-term products. Qonto’s digital account management and internationally oriented customer base make the company an ideal partner for us."

Torben Rabe, Country Manager Germany at Qonto, explains the cooperation’s background: "In view of current economic challenges, we want to continue to support small and medium-sized enterprises and self-employed people. With this partnership, we are going one step further: by working with Raisin, we can offer our customers simple, profitable, and secure investment alternatives to earn a profitable return on their business assets."