Morrow Bank ASA
Norway
(AAA)
(AAA)> Start saving from €1 up to €100,000
> Deposit Guarantee protection Up to €100,000 payout in EUR
No withholding tax
Selected offer
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Rate
Term
Currency
Product Type
Gross rate
3.00%
AER
3.03%
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
Today's Morrow Bank is a modern and digital niche bank based in Lysaker, Norway. It was founded in 2014 under the name Komplett Bank and was listed on the main index of the Oslo Stock Exchange in 2017.
Operational efficiency and low costs are the foundations for the bank and are enabled by centralized operations, modern systems and a digital setup. Morrow Bank's offerings include consumer loans, credit cards and purchase financing for consumers in Norway, Sweden and Finland. In addition, Morrow Bank systematically tackles financial crime, promotes equality and diversity, and helps its customers take responsibility for their own financial situation.
Deposit Guarantee Scheme
Deposits with Morrow Bank, including interest, are legally protected by the Norweigan Deposit Guarantee Fund up to an amount of EUR 100,000 for customers outside Norway. This amount also includes possible deposits and/or savings accounts held outside Raisin Bank. This protection covers the deposits of all natural persons, not only Norweigan citizens. In the event of an intervention by the Norweigan DGS, the payment shall be made in Euro to your Raisin Bank Account. In this case, the exchange rate applied will be the one valid at the time of the bank's administrative settlement process. Within the European Union, the minimum requirements for these guarantee funds, for each member state, have been harmonised by EU Directive 2014/49/EU.
Tax process and documentation
There is no withholding tax in Norway.
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.