3 months
2% (paid Quarterly)
Max. €85,000
Avida Finans Fixed-Term Deposit: Festgeld - raisin Review 2026
In a nutshell:
- The “Festgeld - raisin” is a fixed-term deposit offered by Avida Finans.
- The return on the Avida Finans fixed-term deposit is dependent on the duration of the deposit. The highest interest is 2.4% annually for a duration of 24 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 Avida Finans.
How much interest does the Avida Finans Festgeld - raisin pay?
Avida Finans offers the fixed-term deposit “Festgeld - raisin” in 5 different terms, with annual percentage yields ranging from 1.00% to 2.40%. The highest interest is paid for the 24-month fixed-term deposit.
You can find an overview of all conditions for the Avida Finans fixed-term deposits below:
Term
Interest rate
Deposit amount
6 months
1% (paid Semi-annually)
Max. €85,000
12 months
2% (paid Annually)
Max. €85,000
24 months
2.4% (paid Annually)
Max. €85,000
36 months
2.35% (paid Annually)
Max. €85,000
Who is behind Avida Finans?
Avida Finans is a Swedish financial institution specializing in consumer credit and deposit products in the Scandinavian market. Founded in 1983, the bank has 120 employees and is listed on the NOTC stock exchange in Oslo. Avida Finans focuses on providing digital savings and lending solutions targeting retail clients as well as corporate credit and factoring products.
How safe is my money with Avida Finans?
Deposits with Avida Finans are protected under Sweden’s statutory deposit insurance scheme, managed by the Swedish National Debt Office (Riksgälden). In line with EU standards, it guarantees up to 1,150,000 Swedish Crowns (roughly 100,000 euros, depending on the exchange rate) per depositor. Sweden holds the top sovereign credit rating of AAA.
How can I manage the Festgeld - raisin account?
Your Avida Finans 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 Avida Finans ’s own systems or require additional apps or credentials for any administrative steps related to the fixed-term deposit.
How can I open the Avida Finans “Festgeld - raisin“?
Opening the "Festgeld - raisin" fixed-term deposit with Avida Finans 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 Avida Finans'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 Avida Finans. The desired amount will automatically be transferred from your Raisin reference account to Avida Finans.
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