Northmill Bank AB

SwedenSweden(AAA)

• Start saving from €1 up to €85,000

• Deposit Guarantee protection Up to SEK 1,050,000 payout in EUR

No withholding tax

logo of Northmill Bank AB

Our offers

Rate
Term
Currency
Product Type

Rate

2.02% AER

Currency

EUR

Product Type

Demand Deposit

Product Type

Demand Deposit
Gross rate

2.00%

AER

2.02%

Compound interest

Yes

Availability

Available anytime

Interest capitalisation?

Every quarter

Interest type

Variable - The rate may change at any time. We will let you know any about changes in advance.

About the Bank

Northmill is a neobank founded in 2006 with a vision to improve financial lives. We believe that the financial industry should be more about customer experience and personalization and less about how a bank should operate by traditional standards. We know that the next generation banking experience will be co-designed with customers - you.

Deposit Guarantee Scheme

In accordance with EU Directive 2014/49/EU, deposits with this Bank, inclusive of accrued interest not yet credited, are guaranteed by the Swedish statutory deposit guarantee scheme up to (the equivalent in euros of) SEK 1,050,000 per account holder, per bank. This amount also includes possible deposits and/or savings accounts ordered outside Raisin Bank. This protection covers the deposits of all natural persons, not only Swedish citizens. In the event of an intervention by the Swedish DGS, the payment shall be made in Euros to your Raisin Account, within 7 business days from the time the DGS comes into effect. In this case, the exchange rate applied will be the one valid at the time of the bank’s administrative settlement process and is thus subject to currency fluctuations. The administrator and executor of the deposit guarantee scheme is Riksgälden. For more information please visit https://www.riksgalden.se/en/)

Tax process and documentation

There is no withholding tax in Sweden.

Raisin Bank's role

With Raisin Bank, one login gives you access to competitive savings accounts from banks across Europe, allowing your savings to work even harder. No fees, no paperwork: saving with Raisin Bank is online and hassle-free.