Klarna starts its own fixed-term deposit account in Germany

Thursday 27 January 2022 15:13 CET | News

Payment service provider Klarna has launched a fixed-term deposit offer "Festgeld+" in the Klarna App for German customers. 

To start saving, consumers need to open a Klarna bank account in the latest version of the app, deposit money from an external account and transfer the desired amount to their savings account. With Fixed Deposit+, consumers have the choice between 4 maturities with effective annual interest rates of up to 1.15% and can start saving from EUR 1.

In Germany, Festgeld+ will complement Klarna's existing desktop fixed deposit offering and partnership with deposit marketplace Raisin. For additional security, Klarna offers biometric login with fingerprint or face recognition for additional security. Festgeldplus+ is the first of a series of new financial management features that will follow in 2022.

More: Link

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: product launch, product upgrade, payment processing, mobile banking
Categories: Payments & Commerce
Countries: Germany
This article is part of category

Payments & Commerce

Industry Events