O2 Banking app enters Raisin’s world of savings
O2 Banking Germany is now offering savings and investment products through its mobile app, courtesy of a new partnership with Raisin’s platform WeltSparen.
In Germany’s ongoing low-interest environment, the bank says Raisin offers higher interest rates and globally-diversified ETF portfolios.
“Particularly given this period of low interest rates, we are glad to be offering our customers attractive investment opportunities together with WeltSparen,” says Markus von Böhlen, director of devices, trading and digital life for Telefónica Deutschland. (The company trades as O2.)
The WeltSparen products available in the app include term deposits and overnight accounts from over 60 banks across the EU, as well as ETF portfolios in four asset classes, which are offered in cooperation with Vanguard and DAB BNP Paribas.
O2 customers also receive an additional monthly data volume according to their use of O2 Banking. O2 Banking is implemented in cooperation with Munich-based Fidor Bank.
Across its six national platforms, including in Germany, Spain and the UK – and along with its EU-wide marketplace – WeltSparen’s parent company Raisin has already brokered over €10 billion.