Berlin. The fixed-term deposit from the Swedish bank Klarna offers attractive conditions. Now interest rates have changed – what has been happening since June 28th?
Klarna is known to many consumers as an e-commerce payment service provider. O Bank of Sweden also offers investment products. This includes this Fixed term deposit plus from Klarna* and the Daily cash option on the Klarna appthis for this reason Fixed deposit The requirement is. Interest rates were adjusted at the end of June. In financial ticker for daily and fixed-term money we reported on it.
What it offers Klarna What are the conditions for a fixed term deposit and what alternatives are there? We have the fixed term deposit account Klarna examined in more detail below.
You can find more tests on various products and trends on the topic page of the Berliner Morgenpost.
Fixed term deposit plus from Klarna: New interest rates are in effect since June 28
A first look at the table below shows: The highest interest rates are available for a six or twelve month fixed deposit. Many banks in June Fixed Term Deposit Comparison Short and medium term terms currently offer the best interest rates. The advantage: As an investor, you get back on track faster Money. In contrast to the available diary daily are the savings in Fixed deposit fixed over the term and not available.
| Klarna Fixed Term Deposit | Interest charges |
| 6 months | 3.58% per year (new) |
| 12 months | 3.56% per year (new) |
| 18 months | 3.58% per year (new) |
| 24 months | 3.43% per year |
| 36 months | 3.39% per year |
| 48 months | 3.32% per year |
Data status is June 28, 2024 – all information is provided without warranty.
O Interest charges they no longer reach the four percent mark for all terms. This too CA Consumer Finance Fixed Deposit* or that the J&T Direct Bank* The interest rate is less than four percent for a one-year term. Offers with interest of four percent or more are rare. This includes this PBB Direct US Dollar Fixed Term Deposit or the Trade Republic Broker Credit Interest.
Alternatives to Klarna in the comparison calculator:
Enter what you want Investment value and the term and calculator search for suitable offers. Optionally, you can filter by deposit protection and rating. The Testers O Stiftung Warentest We only recommend countries with AA and AAA ratings for investment. Sweden is rated AAA, Aaa and AAA by Moody’s, Fitch and Standard & Poor’s and therefore receives the highest credit rating, along with Germany and Denmark.
What are rating agencies?
Rating agencies assess how safe it is to lend money to countries, cities, companies or financial projects. They assign grades for this, which are called “ratings”. investors can better decide where to invest their money. The main rating agencies are Standard & Poor’s (S&P), Moody’s and Fitch Ratings. These agencies have a big impact because they influence how much interest someone has to pay when they borrow money.
A good rating can create confidence in a country’s economy and its banks. If rating agencies give a country or its banks a good rating, it can mean that the risk of a bank failing is lower. This can increase people’s confidence in the safety of their deposits.
Standard & Poor’s and Fitch Ratings use the following scale:
| Assessment | definition |
| AAA | Greater credit capacity, lower risk of default |
| AA | Very high credit rating |
| A | High credit score |
| BBB | Good solvency, but with speculative character |
| BB, B, CCC, CC | Speculative credit, greater risk of default |
| W | Very high risk of default, often late |
| D | Standard |
Moody’s uses a slightly different system:
| Assessment | definition |
| Aaa | Greater credit capacity, lower risk of default |
| Oh | High credit score |
| A | Medium to high credit rating |
| Baa | Average solvency, with speculative elements |
| Ba, B | Speculative credit |
| Caa, Ca | Highly speculative, often delayed |
| W | Lower credit score, often defaulted |
Fixed term deposits in Sweden: How safe is a fixed term deposit account with Klarna?
Klarna fixed-term deposits are insured by the Swedish Deposit Protection Fund. In the event of insolvency, the money is insured by the Swedish state up to an amount of EUR 100,000 (SEK 1,050,000) per customer. The exchange rate should be taken into account here. Swedish krona in euros. In the event of bankruptcy, SEK 1,050,000 forms the basis for compensation. However, the ratings assess the risk of bank failure in Sweden as very low.
An advantage over other fixed investment products is that Klarna does not have an automatic extension at the end of the term. At the end of the term, Klarna pays the full amount to Klarna’s bank account and the Customers You can decide whether to reinvest the money as a fixed-term deposit or use it for other purposes.
+++ You can find many new features in our current Daily Deposits and Fixed Term Deposits Blog +++
Taxes are also not a complicated topic at Klarna. An exemption request can be made via Banking application be set up. There is no additional withholding tax – Sweden and Germany have a tax treaty. Withholding tax is relevant if there is no tax treaty in the country where the fixed-term deposit is invested.
Instead of a Klarna fixed term deposit: alternatives with comparable interest rates
If you still want to be on the safe side, now you can also find it here German banks comparable conditions. We present some of the alternatives to Klarna mentioned above in more detail:
Another alternative is Banco Santander Consumer. Fixed-term deposits are available at Santander with interest rates of up to 2.75 percent for deposits of €2,500 or more. Bank of Scotland, PBB Direct and Santander are covered by deposit insurance in Germany and offer customer service by phone or in person at a local branch.
Also interesting
Klara’s fixed term deposit offers attractive interest rates – a conclusion
Interest rates above three percent and stable deposit insurance make this possible Klarna Fixed Term Deposit attractive to savers as an alternative to the company bank. Since the European Central Bank (ECB) cut key interest rates, only a few banks continue to offer interest rates above the three percent mark. It’s a shame that the term deposit plus can only be opened through the banking app. There is no way to do this through online banking or a branch.
Anyone who values personal contact on site or Access to banking operations via the Internet prefers via computer, but finds alternatives. In addition to Santander, the agency also offers Targobank a fixed term deposit* no. Also the Deutsche Bank and Postbank offer interest savings a fixed term deposit.
* The article contains so-called affiliate links. Linked offers do not come from the publisher. If you click on an affiliate link and purchase via this link, Funke Digital GmbH will receive a commission from the online store in question. The price does not change for you as a user and you do not incur any additional costs. Profits help us provide high-quality, entertaining journalism for free.