3 months
2% (paid Annually)
Min. €1,000
Max. €85,000
Max. €85,000
Qred Bank Fixed-Term Deposit: Festgeld - raisin Review 2026
In a nutshell:
- The “Festgeld - raisin” is a fixed-term deposit offered by Qred Bank.
- The return on the Qred Bank fixed-term deposit is dependent on the duration of the deposit. The highest interest is 2.25% annually for a duration of 9 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 Qred Bank.
How much interest does the Qred Bank Festgeld - raisin pay?
Qred Bank offers the fixed-term deposit “Festgeld - raisin” in 4 different terms, with annual percentage yields ranging from 2.00% to 2.25%. The highest interest is paid for the 12-month fixed-term deposit.
You can find an overview of all conditions for the Qred Bank fixed-term deposits below:
Term
Interest rate
Deposit amount
6 months
2% (paid Annually)
Min. €1,000
Max. €85,000
Max. €85,000
9 months
2.25% (paid Annually)
Min. €1,000
Max. €85,000
Max. €85,000
12 months
2.25% (paid Annually)
Min. €1,000
Max. €85,000
Max. €85,000
Who is behind Qred Bank?
Qred Bank is a Swedish bank founded in 2015 and is headquartered in Stockholm. Qred Bank operates across several Northern European markets and holds a leading position in small-business financing in the Nordics.
The overall mission is to improve banking services for small businesses and prioritize customer needs. Therefore, in its daily operations, Qred emphasizes flexible and fair financing options. This includes offering a credit card specifically designed for entrepreneurs, as well as lending and factoring services.
How safe is my money with Qred Bank?
Deposits at Qred Bank are protected by "Riksgälden", the Swedish national deposit insurance scheme. It guarantees up to 1,150,000 Swedish crowns (approximately 100,000 euros, depending on the exchange rate) per depositor. Sweden holds the top sovereign credit rating (AAA), reflecting stable economic conditions and a robust banking system.
How can I manage the Festgeld - raisin account?
Your Qred Bank 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 Qred Bank ’s own systems or require additional apps or credentials for any administrative steps related to the fixed-term deposit.
How can I open the Qred Bank “Festgeld - raisin“?
Opening the "Festgeld - raisin" fixed-term deposit with Qred 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 Qred Bank'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 Qred Bank. The desired amount will automatically be transferred from your Raisin reference account to Qred Bank.
About the Author
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