TF Bank AB (publ)
Sweden
(AAA)
(AAA)> Start saving from €1 up to €85,000
> Deposit Guarantee protection Up to SEK 1,050,000 payout in EUR
No withholding tax
Selected offer
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Rate
Term
Currency
Product Type
Gross rate
3.35%
AER
3.35%
Compound interest
No
Term
1 Year
Availability
When the deposit reaches maturity
Interest capitalisation?
No, Interest is paid at maturity
Interest payment
At maturity
Interest type
Fixed - The rate won't change for the entire term.
Renewal
You can choose to extend this deposit if you enable the option in your Raisin Account
About the Bank
TF Bank was founded in Borås, Sweden, in 1987 with the aim of offering customers a financing solution when ordering goods by catalogue. Over the years, the Group has grown in terms of its product range, turnover and geographical presence. Today, in addition to Sweden, TF Bank is also active in Finland, Norway, Denmark, Estonia, Poland, Latvia and Germany. In 2016, TF Bank was listed on the Nasdaq Stockholm Stock Exchange and has been a registered Swedish public limited company ever since.
Today, the bank's focus is on personal loan and credit card business as well as financing in the e-commerce sector, among other things. The deposit business is also a mainstay of TF Bank's business model. TF Bank's largest shareholders are TFB Holding AB (47%), the property company Erik Selin Fastigheter AB (9%), Merizole Holding LTD (7%) and Swedbank Robur Fonder (6%). A further 30 % of the shares are in free float.
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.