Avarda Bank

Avarda Bank is a bank from Sweden. From the Netherlands you open an account through the savings platform Raisin: one Raisin account, with your money held at Avarda Bank in your name.

For €50,000 we list 1 instant-access account and 7 deposits from Avarda Bank, with terms from 6 months to 5 years. The best instant-access account, Spaarrekening, pays an effective 2.22% a year. The highest instant-access rate in our comparison is 3.03% right now. The best-paying deposit runs for 5 years at an effective 3.25% a year.

The lowest minimum deposit is €1.

Savings at Avarda Bank fall under Insättningsgarantin (Riksgälden), the statutory deposit guarantee scheme of Sweden, up to €104,000 per person. We checked that with the supervisor or the scheme itself. Sweden does not withhold tax on the interest of a saver who lives in the Netherlands.