3 months
2% (paid Annually)
Min. €2,000
Max. €85,000
Max. €85,000
Nordax Bank Fixed-Term Deposit: Festgeld - raisin Review 2026
In a nutshell:
- The “Festgeld - raisin” is a fixed-term deposit offered by Nordax Bank.
- The return on the Nordax Bank fixed-term deposit is dependent on the duration of the deposit. The highest interest is 2.55% 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 Nordax Bank.
How much interest does the Nordax Bank Festgeld - raisin pay?
Nordax Bank offers the fixed-term deposit “Festgeld - raisin” in 5 different terms, with annual percentage yields ranging from 2.00% to 2.55%. The highest interest is paid for the 24-month fixed-term deposit.
You can find an overview of all conditions for the Nordax Bank fixed-term deposits below:
Term
Interest rate
Deposit amount
6 months
2% (paid Annually)
Min. €2,000
Max. €85,000
Max. €85,000
9 months
2% (paid Annually)
Min. €2,000
Max. €85,000
Max. €85,000
12 months
2% (paid Annually)
Min. €2,000
Max. €85,000
Max. €85,000
24 months
2.55% (paid Annually)
Min. €2,000
Max. €85,000
Max. €85,000
Who is behind Nordax Bank?
Nordax Bank is a specialist online bank headquartered in Stockholm, Sweden, focusing primarily on consumer savings and lending products across the Nordic region. Founded in 2003, the bank has grown into one of Sweden’s established niche financial institutions, serving customers in Sweden, Norway, Finland, and Germany. Nordax Bank is supervised by the Swedish Financial Supervisory Authority (Finansinspektionen) and operates under strict Nordic regulatory standards. Their savings products are generally distributed in Germany through digital platforms such as Raisin, making them accessible to depositors from various EU countries.
How safe is my money with Nordax Bank?
Your deposits with Nordax Bank are protected by the Swedish national deposit insurance scheme (Swedish National Debt Office – Riksgälden). This statutory guarantee covers up to 1,150,000 Swedish Crowns (roughly 100,000 euros, depending on the exchange rate) per depositor and bank, fully aligned with EU regulatory requirements. Sweden has the strongest sovereign credit rating (currently AAA with the major rating agencies), reflecting a stable economic environment and a robust regulatory framework.
How can I manage the Festgeld - raisin account?
Your Nordax 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 Nordax 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 Nordax Bank “Festgeld - raisin“?
Opening the "Festgeld - raisin" fixed-term deposit with Nordax 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 Nordax 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 Nordax Bank. The desired amount will automatically be transferred from your Raisin reference account to Nordax Bank.
About the Author
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