HoistSpar

HoistSpar is a brand of Hoist Finance AB (publ), a bank from Sweden, supervised by Finansinspektionen. From the Netherlands you open an account through the savings platform Raisin: one Raisin account, with your money held at HoistSpar in your name.

For €50,000 we list 5 deposits from HoistSpar, with terms from 1 year to 5 years. The best-paying deposit runs for 5 years at an effective 3.41% a year.

The lowest minimum deposit is €500.

Savings at HoistSpar 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.