Nordea offers to deposit for a term of 1 week to 5 years with a fixed interest rate.
Choose the most appropriate type of the term deposit for the company:
- Term deposit with interest paid on maturity. On maturity the invested amount together with the earned interest will be transferred to the company's current account.
- Term deposit with periodic interest payment. Interest earned will be transferred to the company's current account, for example, once every month, quarter, 6 months or annually.
If the company already has a term deposit it can open new term deposits with current interest rates.
- Option to deposit funds in EUR, USD, NOK, SEK, DKK, GBP, AUD and other currencies.
- Opportunity to choose the most appropriate term for the company from 1 week to 5 years.
- Guaranteed fixed income.
- Opportunity to receive the earned interest once a month, quarter, 6 months, annually or on maturity.
Term deposit account and deposits made to it is covered by the Swedish deposit guarantee scheme in accordance with an assessment made by the Swedish National Debt Office.
Each client (taking into account restrictions mentioned below) is entitled to repayment up to an aggregated amount of 100,000 euro. Payment will be made by the Latvian Deposit Guarantee fund on behalf of the Swedish National Debt Office. The Swedish National Debt Office will disburse payment to the Latvian Deposit Guarantee fund within seven days from the date when the bank was declared bankrupt or the Swedish Financial Supervisory Authority decided that the guarantee should enter into force.
Additional repayment can be claimed under certain circumstances, for example in connection with the sale of private housing, dismissal, insurance compensation in an aggregate total amount of 5 million Swedish Kronor.
The following categories of depositors are not covered by the deposit guarantee: credit institutions, investment firms, insurance undertakings, re-insurance undertakings, mutual benefit or aid societies, financial institutions according to the Swedish Banking and Financing Business Act (SFS 2004:297), investment funds and alternative investment funds, pension and retirement funds, pension and retirement foundations, and county councils, municipalities and government authorities. Assets of investment funds and pension funds are kept separately from custodian bank’s property, thus they are protected from the possible insolvency of the bank.
General Terms and Conditions for Time Deposit accounts