BRABANK – SAVINGS ACCOUNT
| 1/6 | This number is indicative of the risk of the product, being 1/6 indicative on lower risk and 6/6 of higher risk. | Entity attached to the Norwegian Deposit Guarantee Fund. The fund guarantees deposits on money up to 100.000€ per owner and entity. |
MAIN FEATURES:
- Account type: Savings Account
- Easy Access
- No notice period for cancellation
- Interest Rate (EAR): 0.30%
- Deposit: Min. 5.000€ – Max. 100.000€
- No Customer Service in English
- Deposit Term: Unlimited
- 100% Protected by The Deposit Guarantee Fund (FGD)
BASICS
Account type | Savings Account – Personal |
Interest Rate (AER) | 0.30%, monthly payments into account |
Changes on AER | Client will be advised on any changes of AER within 7 days prior to the change |
Customer Service in English | No |
Fees | 0€/month |
Currency | Euro |
Online Management | Yes |
| Fiscal Retention | In Norway no tax withholding for non-residents is required. Therefore, it will not be necessary to present any document. |
| Application | On-line. The opening and renewal of the savings account can be done through the Raisin Electronic Platform. Read more about Raisin on the “About the Supplier” tab above. |
The Norwegian Deposit Guarantee Fund guarantees up to 100.000€ per bank and depositor. All savings accounts opened before January 1, 2019 are protected up to NOK 2,000,000 (approx. 199.000€ as of January 2019) by the Norwegian Deposit Guarantee Fund. This protection covers the deposits of all natural persons, and not only of Norwegian citizens. More information about the Norwegian Deposit Guarantee Fund can be found here.
REQUIREMENTS
Contract method | Online |
Minimum age | 18 |
Required documentation | NIE/Passport |
BRAbank ASA is a digital bank on a mission to redefine retail banking with a sharp focus on customer experience. The Bank is cloud based with strong focus on fintech solutions. Customer satisfaction is a cornerstone of BRAbank’s strategy. Our vision, “A better tomorrow with the best customer experience in our niche” is the basis for everything we do in BRAbank. That’s why they have made it their purpose to redefine retail banking through:
- Providing the customer with flexible and smart banking services.
- Providing convenience to the customer through well-designed digital banking solutions.
- Passionately fuelling innovation. We motivate prime customers to realize smart and sustainable goals and ideas.
BRAbank is an independent bank with approximately 1 000 shareholders and is on the Oslo Stock Exchange’s Merkur under the ticker symbol BRA-ME.
You can apply and manage this savings product through Raisin platform, Europe’s savings marketplace. Simply register and conveniently view, purchase and manage savings accounts with competitive interest rates in only one platform.
ABOUT RAISIN
Raisin was established in Berlin in 2013 and has quickly grown to become one of the most successful technology led financial services companies in Europe. In recent years, Raisin has attracted 200 million USD from investors such as PayPal, Thrive Capital, Index Ventures, and Ribbit Capital.
Raisin, which serves over 220,000 savings customers across Europe. Today, Raisin UK has one aim; to help UK customers save time and make money through our savings marketplace.
They provide savers with an easy way to apply for and manage savings products from a variety of partner banks which are guaranteed by the European Deposit Guarantee Scheme (DGS). All savings products on Raisin are protected up to an equivalent of EUR 100,000 per depositor and bank according to EU laws.
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