1 year in NOK

All interest rates displayed are Annual Equivalent Rates (AER), unless otherwise explicitly indicated. The AER illustrates what the interest rate would be if interest was paid and compounded once each year. This allows individuals to compare more easily what return they can expect from their savings over time.

Partner Bank BN Bank

BN Bank is a Norwegian online bank that belongs to the SpareBank-1 group. The company was founded in 1961. It is headquartered in Trondheim and operates an office in Oslo. SpareBank-1 is the largest association of Norwegian savings banks with a total of 350 branches and over 6,300 employees across the country.

BN Bank offer its approximately 60,000 customers banking products for everyday needs, such as accounts, deposit products, loans and mortgages with attractive terms. The bank wants to attain market leadership in these areas by leveraging a high level of capital resources, efficient processes and by focusing exclusively on an online business model.

In addition to attractive deposit rates and savings products, BN Bank is also known in the payments industry for its innovative spirit. In 2014 for example, it launched a payment solution for mobile phones. The aim of this launch which had the end-customer in mind, was to render banking processes easy, safe and transparent. This has made BN Bank a popular bank for private and business customers in its Norwegian home market.

About Norway

Norway is a country with 5 million inhabitants, which is part of the European Economic Area (EEA). The country is one of the richest in the world: According to per capita gross domestic product measurements, it is the fourth most affluent country in the world (after Qatar, Luxembourg, Singapore), but before the United States of America or Germany. The state has no net debt, but on the contrary controls one of the largest pension funds worldwide which is funded via the exploitation of mineral resources (oil, metals) and whose funds are invested in international markets. Norway is one of the few countries in the world that boasts the highest rating (AAA) among all three major credit rating agencies.

Deposit Guarantee Norway

Deposits are 100% secured by the Norwegian Deposit Guarantee Fund up to an amount of NOK 2,000,000 (approximately EUR 220,000 as of Nov 2016). This protection also applies to investors from outside of Norway. For more information on the Deposit Guarantee in Norway, please visit: http://www.bankenessikringsfond.no/en/Main/Home/.

All Member States of the European Economic Area have agreed to improve their protection of savers and therefore to harmonise the minimum requirements for national deposit insurance schemes (Directives 94/19 / EC, 2009/14 / EC and 2014/49 / EU). Among them, the payment modalities, the payout period and other important points are uniformly regulated at a high standard throughout Europe.

All Bank offers

1.50 %
1 year NOK Go to offer

Due to fluctuations that may occur is the Deposit Account in foreign currency subject to an exchange rate risk. If the EUR increases in value against the foreign currency during the term, the deposit will decline in value. Please note that Raisin will at no point make recommendations concerning specific currencies or exchange rate prospects.

Tax process and documents

In Norway, no withholding tax is levied on interest income for persons with permanent residence abroad, so the interest is paid without deductions. However, your interest rate gains may be subject to taxation in your home country.

According to Norwegian law, the term deposit application is required in original, as well as a valid ID document.

What is Raisin?

Raisin’s goal is to offer savers high interest rates! We give you access to exclusive savings products from all over Europe – Raise your interest with Europe’s #1 savings marketplace!

Raisin's over 60,000 customers have invested more than EUR 2 billion in our 27 partner banks.

The feedback from our customers speaks for itself: we have a rating of 4.6 out of 5 and a recommendation rate of 96 percent on the independent German rating portal Bankingcheck. Raisin was also voted the best German term deposit marketplace 2014 and 2015. 

Raisin guarantees a smooth process and the management of your investments with all of our partner banks via one single platform.

BN Bank ASA with its seat at Sondre gate 10B, 7011 Trondheim, Norway is registered with the National Court Register under no.: 914864445. BN Bank ASA is authorized and regulated by the Financial Supervisory Authority of Norway.

Your eligible deposits with BN Bank ASA are protected up to NOK 2,000,000 per bank and per customer. It equals EUR 220,000 (at an exchange rate of 9.06 NOK/EUR [as of 03.11.2016]) by the Norwegian deposit protection scheme (http://www.bankenessikringsfond.no). Any deposits you hold above the NOK 2,000,000 (EUR 220,000) limit are not covered. This communication has been authorized by BN Bank ASA.