In September 2019, Northmill was granted a banking license from Swedish FSA to conduct banking operations, which has given the tech bank new tools in the ongoing work of driving a positive change for the consumers.
Recently, the Stockholm-based fintech company has expanded its banking offer by launching its fee-free savings account Rebilla Reserve. The savings account will be covered by the state-provided deposit insurance up to SEK 950 000 and have a variable interest rate. Rebilla Reserve is intended for everyone who wants to save money in a safe, user-friendly, and flexible way.