Nordiska Flex and Nordiska Flex Plus are two types of savings accounts offering flexibility and different interest rates based on your needs:
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Nordiska Flex:
- A flexible savings account with no binding period.
- Deposits and withdrawals can be made at any time without fees.
- Interest is accrued on the balance based on the current interest rate published on Nordiska's website.
- If no deposit is made within 28 days of account opening, Nordiska reserves the right to close the account.
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Nordiska Flex Plus:
- A savings account with a higher interest rate, but with a minimum balance requirement of SEK 10,000 for interest to accrue.
- If the balance falls below SEK 10,000, Nordiska reserves the right to reduce the interest rate to 0%.
- Interest is calculated daily and paid out on December 31 or when the account is closed.
- Deposits and withdrawals are free of charge.
Both account types are covered by the Swedish Deposit Guarantee Scheme under Law (1995:1571) on Deposit Guarantee, administered by the Swedish National Debt Office (Riksgälden). The guarantee protects your deposited funds up to SEK 1,150,000 per customer and institution.
For more information about the Deposit Guarantee, visit:
https://www.riksgalden.se/en/our-operations/deposit-insurance/