Froda

Froda 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 Froda in your name.

For €50,000 we list 6 deposits from Froda , with terms from 3 months to 2 years. The best-paying deposit runs for 2 years at an effective 3.00% a year.

The lowest minimum deposit is €500.

Savings at Froda 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.