Klarna Bank attracts savers with attractive interest rates for fixed deposits. Investors can particularly benefit from a term of 12 months. But how does the offer work in detail? We took a closer look at Klarna Bank’s fixed-term deposit.
Everything at a glance:
- Klarna Bank* offers time deposits with maturities of 6 to 48 months.
- Interesting interest rate: 4.03% pa for 12 months.
- Account management at no additional cost.
- Statutory deposit insurance up to SEK 1,050,000 (approx. EUR 90,000).
- Investment amount from 5,000 euros to 500,000 euros.
Attractive interest rates and terms
The Klarna Bank* scores above all with its interest rate of 4.03% pa with a term of 12 months. This is definitely an offer worth considering in the current interest rate environment. In addition to the 12-month option, investors can choose between terms of 6 to 48 months.
Accounting and Access
A plus point of the Klarna Bank fixed-term deposit account is the free account management. Cancellation at Klarna is also free of charge. This applies equally to interest credits, transfers to the fixed-term deposit account and the payment of the investment amount.
deposit insurance
Deposits are protected by statutory deposit insurance at Klarna Bank up to an amount of SEK 1,050,000 (approximately EUR 90,000). This offers savers an extra layer of security.
Advantages
The fixed-term deposit from Klarna Bank convinces with high interest rates, in particular with 4.03% pa for 12 months. Another advantage is the free account management. The statutory deposit insurance up to an amount of SEK 1,050,000 provides additional security.
Disadvantages
A premature termination of the fixed deposit account is not possible as with most fixed deposit accounts. Furthermore, Klarna Bank does not offer joint accounts or accounts for minors.
Conclusion
The fixed deposit offer Klarna Bank* offers an attractive offer, especially with its interest rate of 4.03% pa for 12 months. Account management is free of charge. While statutory deposit insurance provides security, early termination is not possible and there are no options for joint accounts and minors. Overall, an interesting offer for investors looking for high interest rates.
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