Northmill Bank Flexible Savings Account: Tagesgeld - raisin Review 2026
In a nutshell:
- The “Tagesgeld - raisin” is a flexible savings account offered by Northmill Bank.
- It pays a top interest rate of 1.75% annually.
- Savings are protected under the national deposit insurance scheme of Sweden.
Find all the details below in our frequently asked questions, or enter your savings amount and duration in our interest calculator below to easily figure out in a few seconds how much return you can earn with your flexible savings account by Northmill Bank.
Northmill Bank
Tagesgeld - raisin
1.75%
annual percentage yield
How much interest does the Northmill Bank Tagesgeld - raisin pay?
Northmill Bank offers the flexible savings account "Tagesgeld - raisin" with annually interest payouts. The regular interest rate is 1.75%. You must maintain a balance of at most 85,000 euros.
Who is behind Northmill Bank?
Northmill is a neobank founded in 2006 with a vision to improve financial lives by focusing on customer experience and personalization. The bank is headquartered in Stockholm, Sweden.
The service portfolio includes consumer solutions such as bank accounts, credit, loans, and savings options. For business clients, Northmill provides banking services, tools, and hardware that support their customers' purchasing journey.
How safe is my money with Northmill Bank?
Deposits at Northmill Bank are protected by the Swedish national deposit insurance scheme, known as Riksgälden. This scheme guarantees up to 1,050,000 Swedish crowns (approximately 90,000 to 100,000 euros, depending on the exchange rate) for each depositor. Sweden holds the highest sovereign credit rating (AAA), indicating stable economic conditions and a robust banking system.
How can I manage the Tagesgeld - raisin account?
Your Northmill Bank flexible savings account is managed entirely through the Raisin online platform. You can view balances, initiate transfers, and download documents via the Raisin web interface or the Raisin mobile app for iOS and Android.
The web interface and applications are available in German, English, Finnish, French, Dutch, Polish, and Spanish. Customer service is provided in local languages via secure messaging in the online banking and by phone. Since the account is operated through Raisin, you are not dependent on Northmill Bank ’s own systems or require additional apps or credentials for any administrative steps related to the flexible savings account.
How can I open the Northmill Bank Tagesgeld - raisin?
Opening the "Tagesgeld - raisin" flexible savings account with Northmill Bank is done fully online via the interest marketplace Raisin.
Raisin is based in Berlin, Germany. Using the marketplace, you only need to register once and can then open several savings options, such as a Northmill Bank's flexible savings account, across Europe and the globe within minutes. The Raisin platform is available to adults residing in Germany, Austria, France, Ireland, the Netherlands, Poland, Spain, the United Kingdom, and the United States. However, product offerings may vary by country.
You require a valid ID or passport to complete the identification procedure. In Germany, it can either be performed online via VideoIdent or in person at a post office branch (PostIdent). Once complete, you will get a reference account with Frankfurt-based Raisin Bank to which you shall connect your personal German current account. Afterwards, you can open the flexible savings account with Northmill Bank. The desired amount will automatically be transferred from your Raisin reference account to Northmill Bank.
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