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Penta: Offers overnight and term deposits from WeltSparen

October 26, 2020

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