BRABANK ASA

Business Summary

Services
retail banking
Clients
natural persons
Products
current accounts
savings accounts
time deposit accounts (0.50 - 0.50 %)
debit cards
credit cards
consumer loans
Area Served
Norway
Sweden
Finland
Austria
Germany
Spain
France

BRABANK ASA provides services in the area of retail banking. The range of products offered by BRABANK ASA includes current accounts, savings accounts, time deposit accounts (0.50 - 0.50 %), debit cards, credit cards, consumer loans. BRABANK ASA makes its solutions available to natural persons.

Account Opening
completely online
within a few minutes

Opening an account with BRABANK ASA can be done completely online within a few minutes.

Ways to Bank
online banking
mobile app

BRABANK ASA operates as a direct bank without a branch network. Products and services offered by BRABANK ASA are available via online banking, mobile application.

Products

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 However the money deposited to such account cannot be withdrawn for a specified period of time (term).

BRABANK ASA offers the following time deposit accounts.

Updated on 9 December 2019

BRAbank
Sales Region
Spain
Investment Amount
5,000 - 100,000 EUR
Interest Rate (p.a.)
0.50 %
Deposit Term
12 months
Time Deposit Account Details
Product Name
BRAbank
Account Currency
EUR
Min. Interest Rate (p.a.)
0.50 %
Max. Interest Rate (p.a.)
0.50 %
Min. Deposit Term
12 months
Max. Deposit Term
12 months
Min. Investment Amount
5,000 EUR
Max. Investment Amount
100,000 EUR
Interest Frequency
12 times a year

Spain: This product is offered to Spanish residents only. When clicking on the product link you will be redirected to the product page in Spanish.
Deposit Guarantee. Time deposit accounts made with BRABANK ASA are covered by deposit guarantee scheme of Norway up to 2,000,000 NOK per depositor.
Withholding Tax. Interest income gained on time deposit accounts is not taxed in Norway for both residents and non-residents.

See Also

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