3 months
1.65% (paid Annually)
Min. €500
Max. €100,000
Max. €100,000
Klarna Fixed-Term Deposit: Festgeld - raisin Review 2026
In a nutshell:
- The “Festgeld - raisin” is a fixed-term deposit offered by Klarna.
- The return on the Klarna fixed-term deposit is dependent on the duration of the deposit. The highest interest is 2.2% annually for a duration of 48 months.
- Savings are protected under the national deposit insurance scheme of Sweden.
Find all the details and rates below in our frequently asked questions on the fixed-term deposit by Klarna.
How much interest does the Klarna Festgeld - raisin pay?
Klarna offers the fixed-term deposit “Festgeld - raisin” in 8 different terms, with annual percentage yields ranging from 1.65% to 2.20%. The highest interest is paid for the 48-month fixed-term deposit.
You can find an overview of all conditions for the Klarna fixed-term deposits below:
Term
Interest rate
Deposit amount
6 months
1.7% (paid Annually)
Min. €500
Max. €100,000
Max. €100,000
9 months
1.84% (paid Annually)
Min. €500
Max. €100,000
Max. €100,000
12 months
2.02% (paid Annually)
Min. €500
Max. €100,000
Max. €100,000
18 months
1.92% (paid Annually)
Min. €500
Max. €100,000
Max. €100,000
24 months
2.04% (paid Annually)
Min. €500
Max. €100,000
Max. €100,000
36 months
2.11% (paid Annually)
Min. €500
Max. €100,000
Max. €100,000
48 months
2.2% (paid Annually)
Min. €500
Max. €100,000
Max. €100,000
Who is behind Klarna?
Klarna Bank is part of the Swedish fintech company Klarna Group, founded in 2005 and headquartered in Stockholm, Sweden. Its stocks have been publicly listed at the New York Stock Exchange since 2025.
Initially focused on providing “buy now, pay later” payment solutions, Klarna has expanded into consumer banking services, including deposits, credit cards, and savings accounts. Klarna Bank offers its products digitally to European customers, combining innovative fintech solutions with traditional banking functions. Klarna operates under Swedish banking regulation and is supervised by the Swedish Financial Supervisory Authority.
How safe is my money with Klarna?
Deposits at Klarna Bank are protected under the Swedish national deposit insurance scheme (Riksgälden), which guarantees up to 1,150,000 Swedish Crowns (100,000 euros, depending on the exchange rate) per depositor. Sweden maintains the best possible sovereign credit rating (AAA), reflecting stable economic conditions and a robust banking system.
How can I manage the Festgeld - raisin account?
Your Klarna fixed-term deposit 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 Klarna ’s own systems or require additional apps or credentials for any administrative steps related to the fixed-term deposit.
How can I open the Klarna “Festgeld - raisin“?
Opening the "Festgeld - raisin" fixed-term deposit with Klarna 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 Klarna's fixed-term deposit, 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 fixed-term deposit with Klarna. The desired amount will automatically be transferred from your Raisin reference account to Klarna.
About the Author
Disclaimer: This blog and providing support are my passion and hobby. However, I do not intend to provide financial advice. All investments involve risks of loss. This post is non-binding, for informational purposes only, and does not represent a complete market overview. I do not take responsibility for the accuracy and up-to-dateness of the data (§18 ZKG).
Some of the links are promotional links. You help to keep this site running, as I gain a small commission for each purchase. It does not come at any cost to you.
