Morrow Bank savings rates 2026: savings account and fixed-term deposit
In October 2026 Morrow Bank offers deposits to Finnish customers only through Raisin: a 24-month fixed-term deposit at a 2.40% rate for amounts of €500-100,000. Morrow Bank's own Finnish-language pages have no savings products.
Morrow Bank fixed-term deposits
| Term | Rate | Minimum | Maximum | Early withdrawal |
|---|---|---|---|---|
| 24 months | 2.40% | €500 | €100,000 | According to Raisin's general guidance, money generally cannot be withdrawn from a fixed-term deposit during the deposit period. |
- 24 months: Available in Finland only through the Raisin platform; morrowbank.fi offers only credit. Interest is added to the principal annually. No foreign withholding tax (Raisin).
Terms and opening an account
| Fact | Value |
|---|---|
| Head office | Sweden |
| Opening online as a new customer | Yes |
| Requires a current account or customer relationship | No |
| Information checked | 16 October 2026 |
Deposit guarantee and taxation
Swedish deposit guarantee (Riksgälden), according to Raisin's product page up to 1,150,000 Swedish kronor, paid in euros. The deposit is made through Raisin, and the Financial Stability Authority does not take part in the compensation process.
Withholding tax: no foreign withholding tax (Raisin), 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 Morrow Bank compared with other providers. See all providers in the savings rates comparison.
See also
- Savings rates comparison
- Fixed-term deposits compared
- Savings account vs fixed-term deposit
- Raisin: how the platform works and what rates it offers
Similar savings rates
Sources
- Raisin: Morrow Bank ABretrieved 16 October 2026
- Morrow Bank Suomi: etusivuretrieved 16 October 2026
- Raisin: Määräaikaistalletuksetretrieved 16 October 2026
Information checked 16 October 2026. Always check the current rate and terms with the provider.
Frequently asked questions
What is the fixed-term deposit rate at Morrow Bank?
In October 2026 Morrow Bank fixed-term deposit rates: 24 months 2.40%. The terms for early withdrawal vary, and they are shown in the table on the page.
Is a deposit at Morrow Bank safe?
Swedish deposit guarantee (Riksgälden), according to Raisin's product page up to 1,150,000 Swedish kronor, paid in euros. The deposit is made through Raisin, and 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 Morrow Bank?
No foreign withholding tax (Raisin), 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.