We are glad to announce that Norway’s BN Bank will from today offer term deposits in Norwegian kroner on the pan-European Raisin platform. This makes BN Bank the first bank partnering with Raisin to offer a savings product denominated in a non-Euro currency on a pan-European level. "This partnership demonstrates Raisin’s commitment to broadening its product portfolio to meet the savings requirements of our international customers.“ states Katharina Lueth, Head of Europe at Raisin.
BN Bank is a Norwegian online bank that belongs to the SpareBank-1 group. The latter is the largest association of Norwegian savings banks with a total of 350 branches and over 6,300 employees across the country. Norway is one of the few countries in the world whose sovereign debt has earned the highest AAA rating from the three major credit rating agencies.
Deposits with BN Bank are 100% secured by the Norwegian Deposit Guarantee Fundup to an amount of 2,000,000 NOK (approximately € 220,000). This protection also applies to investors from outside of Norway. BN Bank offers via Raisin a 12-months term deposit with an interest rate of 1.50% AER in Norwegian kroner.
Raisin is an online marketplace which gives customers free access to term deposits from banks across Europe since 2012. Raisin offers exclusive term deposits with attractive interest rates - customers already having earned EUR 15 million in additional interest compared to local average interest rates.
All offers are protected 100% up to €100,000 per customer per bank by national deposit guarantee schemes, which are harmonised based on EU directives.
The Raisin platform is a simple, transparent and one-stop solution to open and manage multiple bank accounts across Europe from the comfort of home. Over 50,000 customers have invested more than € 1.8 billion with Raisin’s 22 partner banks from 14 countries via Raisin’s German-, French- and English-language platforms.