Penta: Offers overnight and term deposits from WeltSparen

  • Penta is the digital platform for business banking for small and medium sized companies
  • Penta, the digital platform for business banking introduces overnight and term deposits from WeltSparen in cooperation with the fintech Raisin
  • The two companies, Penta and Raisin, thus enable better interest rates on business accounts for Penta’s customers
  • According to current figures from the ECB, negative interest is incurred on business assets at an average of -0.34 percent per year
  • Due to the cooperation, companies can avoid negative interest rates and invest surplus liquidity at attractive interest rates
  • Through collaboration with WeltSparen, companies can close and centrally manage any number of investments with just one login
Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

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