Before you can proceed you need to complete your profile with the following items:

5 years augmentable deposit savings account

The maximum balance of this account is limited to EUR 500,00 or the equivalent in another currency. This maximum balance excludes paid out interests.

You can open up to 20 light accounts (converted accounts included) divided over various (sub)types.

  • Credit interest rate (%)
    4.9500
  • Capitalized credit interest rate (%)
    5.0742
  • Daily credit interest rate (%)
    0.0136

The credit interest will be calculated on a daily basis at midnight (00:00:00 UTC) and will be based on the total balance at that time. The interest will be paid out daily (366 times in a leap year).

The credit interest rate will be guaranteed until the maturity of the account on 26 Sep. 2027 12:00 AM. On that date the account will automatically be converted into a normal transaction account.

Outgoing transfers before the maturity date are not permitted, but the ownership of the account can be transferred to another/new account holder, subject to the terms and conditions of Swister. This may require a successful completion of the new account holder’s KYC check.

The transfer of an augmentable deposit savings account requires possession of a Swister transaction account at the time of the transfer in order to receive the money from the new account holder. Should that not be the case, you will have the opportunity to open a transaction account until the time of transfer to the new account holder. Also the new account holder will be required to possess a Swister transaction account at that time.

The transfer of a light account, in order for the new account holder to identify its origin, may require, subject to the applicable company policy adopted by Swister at the time that you send the request, an identity check and disclosure of your first and last name to the potential new account holder. In practice, you will be requested to upload a valid identity document and a photo of yourself holding the same document next to your face. The uploaded documents will not be shared with the new account holder (only your first and last name will appear in the request and transaction statements).

An identity check involves a fixed administration fee of 1,50 EUR.