TF Bank

Best offers of TF Bank from Sweden

3.35
%
AER
1 year | EUR

Earn up to 3.35% AER by choosing fixed terms ranging from 12 months to 5 years or opt for the flexibility of a demand deposit account, with as little as €1.

All Term Deposit and Demand Deposit Account offers from TF Bank

Interest rate Term Currency
1.76 % AER
Demand Deposit Account EUR
3.35 % AER
1 year EUR
3.15 % AER
2 years EUR
3.00 % AER
3 years EUR
3.00 % AER
4 years EUR
3.00 % AER
5 years EUR

About TF Bank

TF Bank, founded in 1987 in Borås (Sweden), has grown significantly since its inception. It operates in several countries, including Sweden, Finland, Norway, Denmark, Poland, Germany, and has been listed on the Nasdaq Stockholm Stock Exchange since 2016. It stands out as a leading digital bank, focusing on e-commerce and commercial banking solutions, backed by a scalable and flexible technological platform. Its strategy focuses on three key areas: consumer loans, credit cards and e-commerce, with a special emphasis on digital payment options for individuals. Additionally, its deposits and savings business offers attractive investment opportunities in multiple markets for its clients.

Offer details

Effective rate
3.35 % AER
Nominal rate
3.35 % AER
Term
1 year
Availability
At maturity
Interest payout
At maturity
Interest taxation
At maturity
Currency
EUR
Min/Max investment amount
5,000 – 85,000  EUR
Prolongation
  • Prolongation is only possible 28 to 5 days before termination
  • 100% online
  • Prolongation Possible
  • Interest reinvested
Withholding tax
There is no withholding tax in Sweden for non-residents.

Security and deposit guarantee

Deposits with this Bank, including interest, are legally protected by the Swedish Deposit Guarantee Fund up to an amount (the equivalent in EUR of) SEK 1,050,000. 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.

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 documents

In Sweden, non-residents are exempt from withholding tax on interest earned on deposits and savings accounts. As an Irish citizen, any interest earned in a foreign savings account will be subject to Deposit Interest Retention Tax (DIRT). You must declare this as part of your annual tax return.