German sustainable mobile banking provider Tomorrow – a long-term partner of Europe’s leading embedded finance platform Solaris – introduced a new savings account to complement its existing suite of banking products.
The savings deposit account is now available to all Tomorrow customers on Change and Zero account models and offers an interest rate of 1.5% p.a for existing customers and 2.5% p.a. for new customers for the first 90 days.* The interest rate is paid monthly. The move is the latest expansion in the Tomorrow and Solaris partnership, building on the established offering of current accounts, shared account, overdrafts, and debit cards.
Sarah Abdelrahman, Head of Account Management at Solaris said: “Our longstanding partnership with Tomorrow continues to evolve, and we are proud to introduce Solaris’ first savings account. This launch is a great example of how embedded finance opportunities can be maximized. Our partners can start with products like current accounts and cards to build a customer base, then expand into loans and savings accounts to retain and grow users.”
Solaris has partnered with Tomorrow since its founding in 2018, delivering a range of banking products and services that has seen its customer base surpass 100,000 users. As a sustainable banking service provider, Tomorrow uses money as a lever for positive change and a fairer world. The company focuses on sustainable banking solutions and an investment fund that is harmonized with the Paris Agreement. Projects supported include renewable energy, sustainable agriculture and affordable housing.
Inas Nureldin, Co-Founder and Co-CEO of Tomorrow said: “The new savings account offering developed by Solaris empowers us to give our customers the option of investing their savings in line with their values. This enables customers to make provisions for the future whilst also helping it at the same time.”
*Interest rate of 2.5% p.a. applies for customers who open a Tomorrow account and savings account between January 15, 2025 and February 28, 2025, for the first 90 days. 1.5% interest p.a. applies to existing customers. On a maximum balance of €50,000.