Updated on 14 December 2019
Resurs Bank is a Swedish bank, specialized in providing retail banking products and services, including credit cards, savings accounts, and consumer loans.
Nordax Bank was established in 2004 in Sweden. Nordax Bank provides loans and deposit products to private individuals. Nordax Bank operates in the Nordic market: Sweden, Norway, Finland, Denmark and Germany.
Avida Finans is a Swedish financial company, offering factofing, invoice and cash management products and services to companies. Avida Finans also provides deposit and lending to private individuals.
Established in 1987, TF Bank is a Swedish credit institution offering sales financing to e-commerce business clients, savings accounts to individuals and personal loans to individuals.
Germany: This product is offered to German residents only. When clicking on the product link you will be redirected to the product page in German.
Savings accounts are interest-bearing deposits accounts which allow to withdraw money at any time. While offering more flexibility, savings accounts usually provide lower interest rates than term deposit accounts.
The table above shows essential details of selected savings accounts products offered to retail customers by the banks in Sweden: currency, interest rate per annum and deposit term. The savings accounts terms vary from 1 month to 1 years (12 months). The interest rates are within the range 0.05 - 0.45 %. The interest rates provided in the table do not take into account withholding tax levied on interest income in Sweden.
Country Deposit Rating. Sweden's Moodys country ceiling (the highest rating that can be assigned) for deposits in local currency is set to Aaa (prime).
Deposit Guarantee. Savings accounts made with credit institutions in Sweden are covered by deposit guarantee scheme 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 from the savings account by the bank.
