Fixed Interest Account with 6% interest rate
Fixed Interest Account gives you 6% fixed interest rate for 12 months, without any surprises.
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 6% 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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Safe
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?
Here you can see how it works when you save with SaveLend Fixed.
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Fixed interest rateThe capital is invested in credits, similar to other investment products on SaveLend's savings platform. The difference for the Fixed Interest Account is a form of profit sharing to provide you with a fixed return of 6% over 12 or 24 months. If the portfolio delivers a return below 6%, SaveLend injects capital to ensure the return reaches 6%. If the portfolio instead yields over 6%, SaveLend retains the surplus.
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SaveLend Protection of FundsWhen using SaveLend Fixed, you are covered by our built-in capital protection. This means that even if SaveLend becomes insolvent, your savings are not consumed. With SaveLend Fixed, your money is invested in a variety of loans to various borrowers, and it's you, not SaveLend, to whom the borrowers are obligated to repay the money. The borrowers' payments continue to be repaid to you until your money is back in the account. This means that with us, there is no upper limit of SEK 1,050,000 as there is with accounts covered by state deposit insurance.
Frequently asked questions
Below you will find frequently asked questions and answers about SaveLend Fixed. If you haven't found the answer you were looking for, you can find more in our FAQ or contact our customer support.
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When saving with SaveLend Fixed, you are covered by our Protection of Funds. This means that even if SaveLend goes bankrupt, your savings are NOT lost. With SaveLend Fixed, your money is invested in a range of loans to various borrowers, and it is YOU, not SaveLend, to whom the borrowers owe repayment. Therefore, the borrowers' payments will continue to be repaid to you until your money is back in your account. This means that with us, there is no upper limit like the SEK 1,050,000 limit with accounts covered by the State Deposit Guarantee.
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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 Fixed Interest Account
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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 a Fixed Interest Account.
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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 Fixed Interest Account.
