3 months
2.4% (paid At maturity)
Max. €90,000
HoistSpar Fixed-Term Deposit: HoistSpar Festgeld Review 2026
In a nutshell:
- The “HoistSpar Festgeld” is a fixed-term deposit offered by HoistSpar.
- The return on the HoistSpar fixed-term deposit is dependent on the duration of the deposit. The highest interest is 2.62% 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 HoistSpar.
How much interest does the HoistSpar HoistSpar Festgeld pay?
HoistSpar offers the fixed-term deposit “HoistSpar Festgeld” in 4 different terms, with annual percentage yields ranging from 2.40% to 2.62%. The highest interest is paid for the 24-month fixed-term deposit.
You can find an overview of all conditions for the HoistSpar fixed-term deposits below:
Term
Interest rate
Deposit amount
6 months
2.5% (paid At maturity)
Max. €90,000
12 months
2.6% (paid At maturity)
Max. €90,000
24 months
2.62% (paid At maturity)
Max. €90,000
Who is behind HoistSpar?
HoistSpar is a Swedish financial institution founded in 1994 in Stockholm. The company is in 13 markets across Europe and is regulated by the Swedish FSA. Hoist Finance is an asset management company focused on investing in and managing loan portfolios, especially non-performing consumer loans. Herein, it works in partnership with international banks and financial institutions across Europe. Moreover, its clients are over-indebted consumers, enabling them to become debt-free through debt restructuring and the creation of sustainable repayment plans.
How safe is my money with HoistSpar?
Deposits at HoistSpar are protected under the Swedish statutory deposit guarantee scheme administered by Riksgälden. In line with EU standards, deposits are guaranteed up to 1,150,000 Swedish Crowns (approximately 100,000 euros, depending on the exchange rate) per depositor and per institution. Sweden is regarded as one of the most financially stable countries worldwide, with a strong AAA sovereign credit rating.
How can I manage the HoistSpar Festgeld account?
The HoistSpar Festgeld can be managed through the bank’s online banking portal. It allows you to view balances, perform transfers between accounts, download documents, and more.
Customer support is accessible via telephone and email. While being a cross-European institution, the online banking, customer service, and website are provided in the local language.
How can I open the HoistSpar “HoistSpar Festgeld“?
You can complete the online form to get the HoistSpar fixed-term deposit via the bank’s website. The formal opening requirements for the "HoistSpar Festgeld" ask you to be at least 18 years of age. You must have a valid tax ID (Steueridentifikationsnummer) and a current account with a European bank (IBAN account number) as a reference account for managing withdrawals.
The process also includes an identity check, conducted entirely online via a video call or by scanning your ID. For this, you require a valid ID or passport.
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