Nordax Bank

Best offers of Nordax Bank from Sweden

3.05
%
AER
Demand Deposit Account | EUR
  • Earn up to 3.40% AER by choosing fixed terms ranging from 3 months to 2 years.
  • Or, opt for the flexibility of a demand deposit account, with as little as €1.
  • Complete your application completely online.

 

All Term Deposit and Demand Deposit Account offers from Nordax Bank

Interest rate Term Currency
3.05 % AER
Demand Deposit Account EUR
1.95 % AER
3 months EUR
2.45 % AER
6 months EUR
2.50 % AER
9 months EUR
3.40 % AER
1 year EUR
3.20 % AER
2 years EUR

About Nordax Bank

Nordax Bank is a Swedish financial institution that specialises in consumer banking services across Northern Europe. Founded in 2003, Nordax primarily focuses on providing loans and savings products to cusotmers across Scandavia and Germany.

The bank prioritises simplicity, efficiency, and customer-centric solutions in its operations. Nordax offers various loan products, including personal loans, refinancing options, and credit cards, tailored to meet the diverse needs of its clientele. With a commitment to responsible lending practices, Nordax prioritises transparency and fair terms for borrowers. The bank’s online platform facilitates easy access to financial services, allowing customers to manage their accounts conveniently. Nordax Bank’s growth and reputation stem from its dedication to delivering reliable banking solutions while maintaining a strong emphasis on customer satisfaction and financial stability in the dynamic European market.

Offer details

Effective rate
3.05 % AER
Nominal rate
3.02 % AER
Availability
Available anytime
Interest payout
Quarterly
Interest taxation
Annually
Compound interest
Yes
Important information
The interest is capitalised quarterly
Currency
EUR
Min/Max investment amount
2,000 – 85,000  EUR
Prolongation
not possible
Withholding tax
There is no withholding tax in Sweden.

Security and deposit guarantee

Deposits accounts are protected by: Riksgälden, administrator and executor of the Swedish deposit guarantee scheme
Address: Riksgälden, SE103 74 Stockholm, Sweden
Website: https://www.riksgalden.se/en/ouroperations/depositinsurance/

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.

 

Tax process and documents

In Sweden, there is no withholding tax applied on interest earned by non-residents.

There is an obligation to declare foreign interest income when filing your annual income tax return in Ireland.