SaveLend Fixed with 5.5% interest rate
SaveLend Fixed – higher interest rate than regular savings accounts!
With SaveLend Fixed, you get completely predictable savings. You lock your capital for at least 12 months and receive a fixed return of 5.5% after the term. The minimum deposit for SaveLend Fixed is SEK 10,000 and the maximum deposit is SEK 2,000,000.
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Clear
You know exactly what you get
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Easy
It only takes a couple of minutes to create an account
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Attractive
Higher interest rate than regular savings accounts
SaveLend Fixed – how does it work?
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Fixed interest rateThe capital is invested in credits, similar to other investment products on SaveLend's savings platform. The difference is a form of profit sharing to provide you with a fixed return of 5.5% over 12 or 24 months. If the portfolio delivers a return below 5.5%, SaveLend injects capital to ensure the return reaches 5.5%. If the portfolio instead yields over 5.5%, SaveLend retains the surplus.
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Your capitalWhen you invest through SaveLend Fixed, your capital is not covered by the government’s deposit guarantee. However, this doesn’t mean it is unprotected in the unlikely event of SaveLend’s insolvency. With SaveLend Fixed, your funds are distributed across a variety of loans to multiple borrowers, and it’s you—not SaveLend—to whom the borrowers owe repayment. This means that, no matter what happens to SaveLend, you as an investor are entitled to receive repayments and interest from the borrowers as usual. Additionally, unlike accounts covered by the government deposit guarantee, there is no upper limit of SEK 1,050,000 on the funds you can invest with us
Frequently asked questions
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Your invested money in SaveLend Fixed is not covered by the state deposit guarantee. However, when you use SaveLend Fixed, your invested money is protected in such a way that you have a direct contractual claim against the borrowers. This means that it is the borrowers who are obligated to repay the money to you, and this obligation is not affected if, against all odds, SaveLend were to become insolvent.
In the event of bankruptcy, SaveLend will transfer the continued management of the platform to another party, who will then ensure that borrowers’ payments can continue as usual to you as an investor. If that party is unable to collect the claims, you will ultimately have the right to pursue the claims against the borrowers yourself. If SaveLend decides to wind down its operations, we will continue to manage the borrowers' payments to you as long as you have an outstanding claim. -
All that is required is that you:
- are at least 18 years old
- have an account on the SaveLend's savings platform
- filled in the KYC information
- accepted our standard terms
- can deposit Swedish krona into your SaveLend Fixed
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With SaveLend Fixed, you bind your money for either 12 or 24 months, as per your choice. When the term is over, you will receive the funds into your transfer depot, which is created automatically when you create SaveLend Fixed.
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You need to register yourself on the SaveLend's savings platform (click here). Then you need to choose SaveLend Fixed in the strategy choice and click on "Create account" in the box for SaveLend Fixed. Follow the upcoming steps to set your SaveLend Fixed.
