Finom Offers 5% Interest on Business Accounts – A Boost for European SMEs
- Amsterdam-based Finom is challenging traditional banking models with the launch of a new interest account offering a 5% annual percentage yield (APY) on euro balances held by small...
- The move comes as many European SMBs struggle with limited access to competitive interest rates on their operational funds.
- Finom’s new “Zinskonto” (interest account) offers a rate significantly higher than those typically offered by traditional banks.
Finom Launches High-Yield Interest Account for European Businesses
Amsterdam-based Finom is challenging traditional banking models with the launch of a new interest account offering a 5% annual percentage yield (APY) on euro balances held by small and medium-sized businesses (SMBs). The fintech platform, which currently serves over 200,000 business customers across Europe, aims to unlock returns on idle cash reserves that often sit uninvested.
The move comes as many European SMBs struggle with limited access to competitive interest rates on their operational funds. According to Finom, billions of euros are effectively “parked” in business accounts across the continent, representing a significant opportunity cost for entrepreneurs who lack the resources or expertise to actively manage their cash flow. While larger corporations employ treasury teams to optimize cash management, smaller businesses often see funds earmarked for short- or medium-term needs generate no income.
Finom’s new “Zinskonto” (interest account) offers a rate significantly higher than those typically offered by traditional banks. As of March 7, 2026, the European Central Bank’s (ECB) deposit facility rate stands at 2.5%, yet many banks pass only a fraction of this benefit – or none at all – onto their SMB clients. “Most business banking offers treat unused liquidity as an afterthought,” says Andrew Petrov, CEO and co-founder of Finom. “Our interest account turns that around. It is designed to work how businesses actually operate: funds must remain available, returns must be predictable, and the whole process must function without additional effort for owners.”
Unlike fixed-term deposits or products with fixed maturities, Finom’s interest account provides predictable returns with full flexibility. Interest accrues daily and is automatically credited, without any lock-up period. Customers can access and withdraw their funds at any time. We find no setup or ongoing fees for eligible users.
The offering is facilitated through a partnership with Aksys Global Markets Europe, a fully licensed EU investment firm. Customer funds are invested in low-risk money market funds (MMFs) within a fully MiFID-regulated structure. “When European SMEs have liquidity in their account, it generally earns nothing,” explains Imad Assio, Executive Director at Aksys. “Through our partnership with Finom, we enable small businesses and freelancers to simply and without specialized knowledge, put their working capital to work for them in a regulated, low-risk structure.”
The 5% interest rate is available for the first five months, after which the rate will align with prevailing market conditions, around 1.75%. However, the flexibility offered by the account remains a key benefit for business owners seeking to optimize their working capital. The initiative represents a shift towards providing SMBs with financial tools previously reserved for larger corporations, offering a simple and accessible solution to generate returns on idle funds.