3 months
2.65% (paid At maturity)
Max. €90,000
HoistSpar Fixed-Term Deposit: Festgeld Review 2026
In a nutshell:
- The “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 3.11% 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 Festgeld pay?
HoistSpar offers the fixed-term deposit “Festgeld” in 4 different terms, with annual percentage yields ranging from 2.65% to 3.11%. The highest interest is paid for the 24-month fixed-term deposit.
In comparison, the top Festgeld high-yield savings accounts are currently offered by Achmea Bank (3.6% for 120 months) and J&T Direktbank (3.5% for 120 months).
You can find an overview of all conditions for the HoistSpar HoistSpar fixed-term deposits in the following table:
Term
Interest rate
Deposit amount
6 months
2.89% (paid At maturity)
Max. €90,000
12 months
3.1% (paid At maturity)
Max. €90,000
24 months
3.11% (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.
See all fixed-term deposits
Check our complete list of time money and easily calculate your possible return.
Best interest rates for Festgeld in Germany in August 2026
How can I manage the Festgeld account?
The 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 “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 "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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