Time Deposit Accounts

Compare Time Deposit Accounts in Sweden

Updated on 26 November 2020

5 offers from 5 banks
Interest Rates: 0.00 - 1.20 % p.a.
Deposit Terms: 3 - 60 months
 Avida Finans
ATAustria
Rating
 (4.5)
Currency
EUR
Interest Rate (p.a.)
0.30 - 0.60 %
Deposit Term
3 - 12 months
Time Deposit Account Details
Account Currency
EUR
Min. Interest Rate (p.a.)
0.30 %
Max. Interest Rate (p.a.)
0.60 %
Min. Deposit Term
3 months
Max. Deposit Term
12 months
Time Deposit Account Provider
 (4.5)

Established in 1983, Avida Finans is a Swedish financial company, focused on offering companies and consumers in the Nordic region financial services through simple and modern solutions. Avida Finans offers factoring, invoice and cash management products and services to companies. Avida Finans also provides deposit and lending to private individuals.

 Klarna
DEGermany
Rating
 (2.1)
Currency
EUR
Interest Rate (p.a.)
0.00 - 0.80 %
Deposit Term
3 - 48 months
Time Deposit Account Details
Account Currency
EUR
Min. Interest Rate (p.a.)
0.00 %
Max. Interest Rate (p.a.)
0.80 %
Min. Deposit Term
3 months
Max. Deposit Term
48 months
Time Deposit Account Provider
 (2.1)

Founded in 2005, Klarna provides financial services for online shopping market. Klarna adheres to the concept of after delivery payment, when buyers receive ordered goods before any payment is due. At the same time, Klarna assumes the credit and fraud risk so that retailers be sure that they will receive their money.

 Resurs Bank
DEGermany
Rating
 (2.3)
Currency
EUR
Interest Rate (p.a.)
0.50 - 0.60 %
Deposit Term
6 - 24 months
Time Deposit Account Details
Account Currency
EUR
Min. Interest Rate (p.a.)
0.50 %
Max. Interest Rate (p.a.)
0.60 %
Min. Deposit Term
6 months
Max. Deposit Term
24 months
Time Deposit Account Provider
 (2.3)

Resurs Bank is a Swedish bank offering smart payment and financing solutions for both individuals and companies throughout the Nordic region. Resurs Bank is specialized in providing retail banking products and services, including credit cards, savings accounts, and consumer loans.

 TF Bank
DEGermany
Rating
n/a
Currency
EUR
Interest Rate (p.a.)
0.55 - 0.65 %
Deposit Term
12 - 24 months
Time Deposit Account Details
Account Currency
EUR
Min. Interest Rate (p.a.)
0.55 %
Max. Interest Rate (p.a.)
0.65 %
Min. Deposit Term
12 months
Max. Deposit Term
24 months
Time Deposit Account Provider

Established in 1987 as a credit market company, TF Bank obtained its banking licence in 2012. Currently TF Bank has three business lines, offering sales financing to e-commerce business clients, savings accounts to individuals and personal loans to individuals.

Rating
 (3.5)
Currency
EUR
Interest Rate (p.a.)
0.40 - 1.20 %
Deposit Term
12 - 60 months
Time Deposit Account Details
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
Time Deposit Account Provider
 (3.5)

Hoist Finance is a Swedish financial company, specializing in providing debt restructuring services to international banks. Hoist Finance offers a broad spectrum of flexible and tailored solutions for acquisition and management of non-performing unsecured consumer loans.

ATAustria: This product is offered to Austrian residents only. When clicking on the product link you will be redirected to the product page in German.
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.

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).

The table above shows essential details of selected time deposit products offered to retail customers by the banks in Sweden: currency, interest rate per annum and deposit term. The time deposit accounts terms vary from 3 month to 5 years (60 months). The interest rates are within the range 0.00 - 1.20 %. The interest rates provided in the table do not take into account withholding tax levied on interest income in Sweden.

Average Deposit Rates. In March 2020, average annual deposit interest rate in local currency (Swedish krona/kronor) of new contracts with fixed term up to 1 year between credit institutions and retail customers (households) was 0.15 %.

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. Time deposit 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 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 from the time deposit account by the bank.

Other Banking Products in Sweden

See Also