Ferratum (Multitude Bank) savings rates 2026: savings account and fixed-term deposit
In October 2026 the interest rate of Ferratum's (formerly SweepBank) savings account is 3.00% and that of the 36-month fixed-term account 3.40%. The bank is the Maltese Multitude Bank, whose deposits are covered by the Maltese deposit guarantee.
Ferratum (Multitude Bank) savings accounts
| Account | Rate | Tiering | Withdrawals | Minimum | Rate can change | Fees |
|---|---|---|---|---|---|---|
| Savings account | 3.00% | 3.00% (for the current account an additional 1% up to €10,000) | Not stated on the page. | not available | not available | No monthly or annual fee in the app. |
- Savings account: SweepBank now operates under the name Ferratum. The savings account is in the Ferratum app alongside the current account; withdrawal terms are not stated on the savings page.
Ferratum (Multitude Bank) fixed-term deposits
| Term | Rate | Minimum | Maximum | Early withdrawal |
|---|---|---|---|---|
| 36 months | 3.40% | not available | €100,000 | According to the page the return is paid when the term ends, 'unless you withdraw your money earlier'; the terms of early withdrawal are not stated. |
- 36 months: Fixed-term account 'up to 3.40%' with a 36-month deposit; the rates of other deposit periods are not published on the page. Maximum deposit €100,000.
Terms and opening an account
| Fact | Value |
|---|---|
| Head office | Malta |
| Opening online as a new customer | Yes |
| Requires a current account or customer relationship | not available |
| Information checked | 16 October 2026 |
Deposit guarantee and taxation
Maltese deposit guarantee (Malta Financial Services Authority), €100,000 per depositor. Multitude Bank p.l.c. has no Finnish branch, so the Financial Stability Authority does not take part in the compensation process.
Withholding tax: no Finnish withholding tax, declare it yourself. Finnish withholding tax is not withheld, so you declare the interest yourself. Interest you declare yourself is capital income: 30% up to €30,000 and 34% on the part above that. Foreign tax under a tax treaty is credited in Finland against the tax that Finland imposes on the same income, but not more than the tax that would be payable in Finland on the income. If the source state has collected more than the tax treaty allows, the excess tax is not credited in Finnish taxation, and a refund is claimed from the source state. Read more in the guides deposit guarantee and tax on savings deposits.
Calculate the return
Enter the amount and the term in the savings rates calculator to see the gross interest, the tax and the net interest of Ferratum (Multitude Bank) compared with other providers. See all providers in the savings rates comparison.
See also
Similar savings rates
Sources
- Ferratum: Säästäminenretrieved 16 October 2026
- SweepBank on nyt Ferratumretrieved 16 October 2026
- Rahoitusvakausvirasto: Talletussuojajärjestelmän pankitretrieved 16 October 2026
Information checked 16 October 2026. Always check the current rate and terms with the provider.
Frequently asked questions
How much interest does Ferratum (Multitude Bank) pay on a savings account?
In October 2026 Ferratum (Multitude Bank) savings accounts and rates: Savings account 3.00%. Note: no Finnish branch; withdrawal terms not stated.
What is the fixed-term deposit rate at Ferratum (Multitude Bank)?
In October 2026 Ferratum (Multitude Bank) fixed-term deposit rates: 36 months 3.40%. The terms for early withdrawal vary, and they are shown in the table on the page.
Is a deposit at Ferratum (Multitude Bank) safe?
Maltese deposit guarantee (Malta Financial Services Authority), €100,000 per depositor. Multitude Bank p.l.c. has no Finnish branch, so the Financial Stability Authority does not take part in the compensation process. The cover limit in the EU is €100,000 per depositor per bank.
Is withholding tax deducted from the deposit interest at Ferratum (Multitude Bank)?
No Finnish withholding tax, declare it yourself. Finnish withholding tax is not withheld, so you declare the interest yourself. Interest you declare yourself is capital income: 30% up to €30,000 and 34% on the part above that. Foreign tax under a tax treaty is credited in Finland against the tax that Finland imposes on the same income, but not more than the tax that would be payable in Finland on the income. If the source state has collected more than the tax treaty allows, the excess tax is not credited in Finnish taxation, and a refund is claimed from the source state.