Fellow Bank term deposit is now available for German clients through cooperation with Fintech Raisin

FELLOW BANK PLC PRESS RELEASE 11.8.2022 AT 3:50 PM EEST

Fellow Bank has started cooperation with Berlin-based Fintech Raisin. Raisin maintains the savings platform weltsparen.de in Germany, where customers can easily compare deposit offers from European banks and make a deposit in the bank of their choice through Raisin Bank. With the cooperation, Fellow Bank's term deposit products are now available for the German savers.

Raisin’s CEO Tamaz Georgadze comments: "Fellow Bank is the first Finnish bank to use our German platform weltsparen.de for retail financing. The new and digital bank is the optimal partner for Raisin, as we are both united by the same goal of making savings more flexible and rewarding."

Fellow Bank's director of deposit and investor customers, Antoni Airikkala adds: "Through Raisin's platform, we are able to offer our deposit products to German savers. Naturally, this is an important channel for us to collect fixed-term deposits and thus one important element in the bank's borrowing and arranging long-term financing. In the future, cooperation will make it possible to expand the distribution of deposit products to other large European countries as well."

Further information

Teemu Nyholm, CEO, Fellow Bank Plc, teemu.nyholm@fellowpankki.fi, tel. +358 50 577 1028 

Fellow Bank in brief

Fellow Bank Plc is a new Finnish digital bank that helps both personal and business customers to manage their day-to-day finances in a flexible and straightforward manner. For savers, we offer an attractive interest rate on deposits. Fellow Bank Plc is regulated by the Financial Supervisory Authority of Finland and listed on Nasdaq Helsinki’s main list (FELLOW). www.fellowbank.com

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