3 months
2.25% (paid Annually)
Min. €1,000
Max. €85,000
Max. €85,000
Nordiska Fixed-Term Deposit: Festgeld - raisin Review 2026
In a nutshell:
- The “Festgeld - raisin” is a fixed-term deposit offered by Nordiska.
- The return on the Nordiska fixed-term deposit is dependent on the duration of the deposit. The highest interest is 2.25% annually for a duration of 3 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 Nordiska.
How much interest does the Nordiska Festgeld - raisin pay?
Nordiska offers the fixed-term deposit “Festgeld - raisin” in 3 different terms, with annual percentage yields ranging from 2.20% to 2.25%. The highest interest is paid for the 6-month fixed-term deposit.
You can find an overview of all conditions for the Nordiska fixed-term deposits below:
Term
Interest rate
Deposit amount
6 months
2.25% (paid Annually)
Min. €1,000
Max. €85,000
Max. €85,000
12 months
2.2% (paid Annually)
Min. €1,000
Max. €85,000
Max. €85,000
Who is behind Nordiska?
Nordiska is a Swedish‑licensed credit institution based in Stockholm, Sweden. It operates as a modern, cloud‑native bank and “embedded finance” platform. Nordiska offers a range of products, from deposits to financing options, including factoring, real estate financing, and corporate loans. The bank serves both private customers and institutional/partner clients.
How safe is my money with Nordiska?
Customer deposits at Nordiska are protected by Sweden’s statutory deposit insurance, administered by the national deposit guarantee scheme. Deposits (including accrued interest) are covered up to 1,150,000 Swedish Crowns (approximately 100,000 euros, depending on the exchange rate) per depositor and per credit institution. Sweden is considered a stable, investment‑grade country, supporting the stability of its banking system. Therefore, it has been awarded the top credit rating of AAA.
How can I manage the Festgeld - raisin account?
Your Nordiska 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 Nordiska ’s own systems or require additional apps or credentials for any administrative steps related to the fixed-term deposit.
How can I open the Nordiska “Festgeld - raisin“?
Opening the "Festgeld - raisin" fixed-term deposit with Nordiska 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 Nordiska'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 Nordiska. The desired amount will automatically be transferred from your Raisin reference account to Nordiska.
About the Author
Disclaimer: This blog and providing support are my passion and hobby. However, I do not intend to provide financial advice. All investments involve risks of loss. This post is non-binding, for informational purposes only, and does not represent a complete market overview. I do not take responsibility for the accuracy and up-to-dateness of the data (§18 ZKG).
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