To open a Nordiska Fix account, you need to deposit at least SEK 10,000. There is no explicitly stated upper limit for deposits on Fix accounts. However, it's important to note that the statutory deposit guarantee protects up to SEK 1,150,000 per customer and institution.
Minimum Deposit:
- The lowest amount that can be deposited when opening a Nordiska Fix account is SEK 10,000.
Maximum Deposit:
- There is no stated upper limit for deposits; however, only the amount protected under the statutory deposit guarantee, including accrued interest, is covered up to SEK 1,150,000 per customer and institution, according to the law (1995:1571) on deposit guarantees.
Statutory Deposit Guarantee:
Nordiska Fix is covered by the statutory deposit guarantee according to the law (1995:1571) on deposit guarantees, administered by the Swedish National Debt Office. The guarantee covers your deposited funds as follows:
Basic Protection:
- Up to SEK 1,150,000 per customer and institution, including accrued interest until the guarantee is activated.
Extended Protection:
- In specific cases, such as:
- Sale of a private residence
- Severance payments
- Insurance compensation
In such cases, the protection is extended to a maximum amount of SEK 5,000,000 for a period of 12 months from the date the deposit was made or the funds became available in the account.
Payout Timing:
If the deposit guarantee is activated, compensation is paid out by the Swedish National Debt Office within 7 business days from the date the bank is declared bankrupt or the Swedish Financial Supervisory Authority decides to activate the guarantee.
For more information on the deposit guarantee, visit the Swedish National Debt Office's website: https://www.riksgalden.se/insattningsgarantin.