SaveLend Fixed
With SaveLend Fixed, you get a simple savings solution. Your capital is locked in for a minimum of 12 months, and you receive a fixed return of 5.5% at the end of the term. The minimum deposit for SaveLend Fixed is SEK 10,000, and the maximum deposit is SEK 2,000,000.
The funds are invested in interest-bearing assets and are locked in for either 12 or 24 months. Not covered by the government deposit insurance.
With the ambition to offer market-leading interest rates, SaveLend Fixed has established itself as a strong alternative to traditional bank savings accounts. Perfect for those seeking simplicity, clarity, and an alternative to the stock market without the need to dive into complex information or constantly make adjustments.
Your money is invested in loans to businesses and individuals, generating returns in the form of interest. If the loans deliver returns below the guaranteed rate, SaveLend will contribute additional capital. If the returns exceed the guaranteed interest rate, SaveLend keeps the surplus. This way, you get a robust savings solution while maintaining a good return.
When you use SaveLend Fixed, your capital is not covered by the state deposit guarantee. However, the model provides natural protection for your capital, ensuring that even if SaveLend were to unexpectedly face insolvency, your savings would not be lost.
With SaveLend Fixed, your money is invested in a variety of loans to multiple borrowers, and it is you — not SaveLend — who the borrowers are obligated to repay. Regardless of what happens to SaveLend, you, as the investor, are entitled to receive repayments and interest as usual from the borrowers.
This also means that, unlike accounts covered by a state deposit guarantee, there is no upper limit of SEK 1,050,000 for the protection.
With us, you can get started quickly and securely in just five minutes!
Here are some of the most common questions and concerns about SaveLend Fixed. If you have additional questions, feel free to contact us via chat, email, or phone.
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.
Only accounts with credit institutions (i.e. banks and credit market companies) are covered by the State Deposit insurance. As SaveLend is not a bank or a credit market company, it is unfortunately impossible for us to offer this guarantee. However, this does not mean that your capital is unsafe with SaveLend, because of the model of a built-in capital protection.
Your money at SaveLend is protected differently depending on whether the capital is invested or not:
As SaveLend is a payment institution, we are required by law to always protect investors' money by keeping it in an account, completely separate from SaveLend's operations. We have no right to the capital even if we end up insolvent. This therefore applies if, for example, you have put money into the platform but have not yet chosen how it will be invested, or if the Fixed Interest Account has not yet been activated.
When you start using SaveLend's savings platform, the money is automatically invested for you as a customer. This also applies when you use the Fixed Interest Account. Once the money is invested, it is protected in such a way that you (and not SaveLend) have a direct right to your money vis-à-vis the person or company with whom the money was invested, as the loan agreement is written between lender and borrower. If SaveLend goes bankrupt, that right is not affected at all. Your capital is never counted as an asset for SaveLend and thus does not risk being included in the bankruptcy estate should SaveLend go bankrupt.
SaveLend has existed for ten years, is under the supervision of the Financial Supervisory Authority through several permits and is listed on Nasdaq First North. So, our business is under full transparency and control.
Our bonus system does NOT apply to SaveLend Fixed. i.e., the bonus tiers apply only to capital in our strategies.
You make a deposit via Swish, Trustly, or bank transfer to a "Transfer Depot", or you can also transfer money from an existing depot.
Note that with bank transfer, it can take 1–2 banking days before the money appears in the "Transfer Depot".
You can start a SaveLend Fixed 12 months and a SaveLend Fast 24 months every month and have them running at the same time. Note that the number of accounts issued is limited each month and it is the "first come" principle that applies. When an account is fully subscribed it will say "Fully subscribed" and it will not be possible to select that account.
With SaveLend Fixed, you tie up your money for 12 or 24 months, you choose. When the binding period is over, your invested capital and interest will be paid out to your Transfer depot. This depot is not connected to any strategy, which means that capital located there is not automatically invested.
The Transfer depot has two purposes:
1. To temporarily store the capital to be placed in your SaveLend Fixed Account.
2. To receive and store your invested capital and earned interest after the end of the term until you decide what to do with your money.
You can withdraw your money from the Transfer depot at once, reinvest it in a new SaveLend Fixed Account or transfer it to a account with an active strategy for automatic investment.
You can choose to cancel activating your SaveLend Fixed Account until one (1) banking day prior to the activation date by withdrawing available money from the Transfer depot.
You cannot make any changes regarding the amount and term (number of months).
Read more in our Terms of use for automatic investments.
On the first of each month, your capital is automatically transferred to SaveLend Fixed and then invested by the interest robot.