Hoist Finance AB (publ)

Business Summary

Services
debt restructing
non-performing loans handling
retail banking
Clients
private individuals
international banks
Products
Area Served
SESweden
DEGermany

Hoist Finance AB (publ) provides products and services in the areas of debt restructing, non-performing loans handling, retail banking. The range of products offered by Hoist Finance AB (publ) includes savings accounts (0.25 - 0.25 %), time deposit accounts (0.40 - 1.20 %). Hoist Finance AB (publ) makes its solutions available to private individuals, international banks.

Products

Savings Accounts

Savings accounts are interest-bearing deposits accounts which allow to withdraw money at any time. While providing more flexibility, savings accounts usually offer lower interest rates and shorter deposit terms than time deposit accounts.

Hoist Finance AB (publ) offers the following savings accounts.

Updated on 31 May 2020

Tagesgeld
Sales Region
DEGermany
Investment Amount
1,000 - 90,000 EUR
Interest Rate (p.a.)
0.25 %
Deposit Term
0 months
Savings Account Details
Product Name
Tagesgeld
Account Currency
EUR
Min. Interest Rate (p.a.)
0.25 %
Max. Interest Rate (p.a.)
0.25 %
Min. Deposit Term
0 months
Max. Deposit Term
0 months
Min. Investment Amount
1,000 EUR
Max. Investment Amount
90,000 EUR
Interest Frequency
4 times a year

DEGermany: This product is offered to German residents only. When clicking on the product link you will be redirected to the product page in German.
Deposit Guarantee. Savings accounts made with Hoist Finance AB (publ) are covered by deposit guarantee scheme of Sweden up to 950,000 SEK per depositor.
Withholding Tax. Interest income gained on savings accounts by non-residents of Sweden is not taxed. Interest gained on savings accounts by residents of Sweden is taxed at 30.00% rate. When the interest is paid, this tax is automatically withhold by Hoist Finance AB (publ) from the savings account.

See Also

Time Deposit Accounts

Time deposits accounts are interest-bearing deposit accounts offering higher interest rates than savings accounts. However the money deposited to such account cannot be withdrawn for a specified period of time (term).

Hoist Finance AB (publ) offers the following time deposit accounts.

Updated on 31 May 2020

Festgeld
Sales Region
DEGermany
Investment Amount
1,000 - 90,000 EUR
Interest Rate (p.a.)
0.40 - 1.20 %
Deposit Term
12 - 60 months
Time Deposit Account Details
Product Name
Festgeld
Account Currency
EUR
Min. Interest Rate (p.a.)
0.40 %
Max. Interest Rate (p.a.)
1.20 %
Min. Deposit Term
12 months
Max. Deposit Term
60 months
Min. Investment Amount
1,000 EUR
Max. Investment Amount
90,000 EUR
Interest Frequency
1 times a year

DEGermany: This product is offered to German residents only. When clicking on the product link you will be redirected to the product page in German.
Deposit Guarantee. Time deposit accounts made with Hoist Finance AB (publ) are covered by deposit guarantee scheme of Sweden up to 950,000 SEK per depositor.
Withholding Tax. Interest income gained on time deposit accounts by non-residents of Sweden is not taxed. Interest gained on time deposit accounts by residents of Sweden is taxed at 30.00% rate. When the interest is paid, this tax is automatically withhold by Hoist Finance AB (publ) from the time deposit account.

See Also

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