Savings

We're excited that you're interested in starting to save with us! To open an account, click "Log In" on our website. Log in using BankID, and the first time you log in, you'll need to provide some details to become a customer and select which account you'd like to open.

Yes, of course, you can set up monthly savings at Nordiska. In most banks, you can set up a standing payment using the deposit details you have with Nordiska. You can find these details when you log in to your account on My Pages.

We believe that saving money should be completely free of charge, which is why we don’t charge any fees. The only time a fee may apply is if you, as a customer, choose to make an early withdrawal from the Liquidity Account (0.75% of the withdrawn amount, with a minimum fee of 250 SEK). If you don’t make an early withdrawal, it’s completely free!

• Flex and Flex Plus: Withdrawals can be made at any time without any fees.
• Liquidity Account: Withdrawals can be made before the end of the term, but a fee of 0.75% of the withdrawn amount applies, with a minimum of 250 SEK.
• Fix Account: Withdrawals cannot be made before the end of the term. Once the term expires, the capital is automatically transferred to your Flex account.

No, only one account holder is allowed per account.

Yes, it is perfectly fine to have multiple savings accounts! You can have up to eight savings accounts simultaneously. To open an additional savings account, log in to your account on Nordiska, select the option "Open a new account," choose the account you want, and sign the agreement using BankID.

A Fix Account is a savings account with a fixed interest rate and a locked term, which means your money is secured for a predetermined period at a fixed interest rate.

You can easily open a Fix Account by logging in with BankID on Nordiska's website, filling in your contact details, and selecting the savings account that best suits you. After approving the account terms with BankID, you can make your first deposit.

When the term of a Fix Account ends, the interest is capitalized, and the entire amount, including interest (after tax deductions), is automatically transferred to your Flex Account. A Flex Account is automatically opened when you open a Fix Account. Afterward, you have the option to open a new Fix Account and transfer the amount again.

You can only make a single deposit when opening a Fix Account. Early withdrawals are not allowed during the binding period. If you wish to make multiple deposits, it is recommended to first transfer the funds to your Flex Account and then transfer the entire sum to your Fix Account in one go.

When you open a Fix account with Nordiska, the fixed interest rate that applies is the one valid on the day your deposit becomes available for Nordiska in the account. This means that the interest rate shown when you open the account only applies if the deposit is made and available in the account on the same day. If there is a delay before your funds are deposited into the account, a different interest rate may apply depending on any adjustments made to the interest rate in the meantime.

Important to know:

• The interest rate is locked once the deposit becomes available in your Fix account.
• Interest is calculated daily over the selected term and remains fixed throughout the entire period.
• When the term of a Fix account ends, the interest and total amount, including the interest (after tax deductions), are automatically transferred to your Flex account.

For the most current interest rates, we always refer to Nordiska’s website and, after the account has been opened, to My Pages.

You can only make a single deposit for each Fix Account you open. If you wish to make multiple deposits, we recommend first transferring the funds to your Flex Account and then transferring the entire amount to your Fix Account in one go.

Nordiska Flex and Nordiska Flex Plus are two types of savings accounts offering flexibility and different interest rates based on your needs:

• 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.
    
    

• 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 1,050,000 per customer and institution.

For more information about the Deposit Guarantee, visit:
https://www.riksgalden.se/en/our-operations/deposit-insurance/

Nordiska Flex and Nordiska Flex Plus are both savings accounts with variable interest rates and free deposits and withdrawals. There is no minimum balance requirement for Nordiska Flex, but to earn interest on a Nordiska Flex Plus account, a minimum balance of 10,000 SEK is required. If the balance on Nordiska Flex Plus falls below 10,000 SEK, the interest rate for Nordiska Flex will apply. Click the link below to see the current interest rate.

https://www.nordiska.se/spara/

Opening a Nordiska Flex or Flex Plus account is easy and can be done digitally via Nordiska's website. Follow these steps:

• Visit the website: Go to https://www.nordiska.se/en/ and select the account you wish to open (Flex or Flex Plus).
• Log in with BankID: Securely identify yourself using your Swedish BankID.
• Fill in your details: Provide the requested information, including your designated withdrawal account. The withdrawal account must be a Swedish bank account in your name.
• Confirm the account opening: Approve the agreement and terms using BankID to complete the process.

Important to know:

• For Nordiska Flex: No minimum deposit is required to open the account, but a deposit must be made within twenty-eight (28) days to avoid automatic account closure.
• For Nordiska Flex Plus: A minimum deposit of SEK 10,000 is required to earn interest. If no deposit is made within 28 days, the account will be automatically closed.

You can then log in to "Mina Sidor" to manage your account, make deposits, and monitor your funds.
For more information and current terms, visit: https://www.nordiska.se/en/savings/

Yes, a Flex account functions as a regular savings account with a variable interest rate and no fixed term. You can deposit and withdraw money at any time.

Deposits are made to Nordiska’s Bankgiro 828-5975. The OCR number is the same as your account number, which you can find when you log in to My Pages at www.nordiska.se.

Important points to consider when making a deposit:

• Deposits can only be made from a Swedish account in your name.
• You can also transfer money between your various accounts at Nordiska via the Online Bank.

Yes, both Nordiska Flex and Nordiska Flex Plus accounts can be closed at any time, but certain rules apply depending on the account type. Here’s what you need to know for each account:

Nordiska Flex

• If no deposit is made to the Nordiska Flex account within 28 days from the day the account was opened, Nordiska reserves the right to close the account immediately.
• The account can also be closed once all funds, including accrued interest, have been withdrawn.
• Upon closure, Nordiska will transfer any remaining balance, including accrued interest, minus any applicable fees, to your designated withdrawal account.
• You cannot close a Nordiska Flex account if you have an active Nordiska Fix or Nordiska Liquidity account unless you are also closing those accounts simultaneously.

Nordiska Flex Plus

• If no deposit is made to the Nordiska Flex Plus account within 28 days from the day the account was opened, Nordiska reserves the right to close the account immediately.
• The account can also be closed once all funds, including accrued interest, have been withdrawn.
• Interest on the Flex Plus account is calculated according to the current terms and accrues until the withdrawal date, but no interest is paid for the day of withdrawal.
• Upon closure, all funds, including accrued interest, will be transferred to your designated withdrawal account.

For more details and up-to-date information about the terms, please visit Nordiska’s website: https://www.nordiska.se/spara/.

Flex Green is a step towards a more sustainable future. To reflect Nordiska's commitment to sustainability, we offer lower pricing on Nordiska's green lending, which finances sustainable investments. In this way, both you and we at Nordiska contribute to a greener future.

Nordiska's lending is financed by offering savings accounts to private individuals. Of the funds you deposit into your green savings account, Nordiska strives to earmark at least 70% to finance sustainable initiatives, such as solar panels. In this way, you as a customer contribute to the transition to a more sustainable planet by saving green.

Currently, there is no specific legislation regulating green savings accounts in Sweden. However, Nordiska has an integrated sustainability approach, where ESG criteria (environmental, social responsibility, and corporate governance) form the foundation. As part of this, Nordiska actively works with the UN's 17 Sustainable Development Goals and the UN Global Compact's 10 principles.

The funds in Flex Green are earmarked for lending that supports the UN's 17 Sustainable Development Goals, with a particular focus on Goal 7: Affordable and Clean Energy. Our ambition is that at least 70% of the lending goes to sustainable projects. Some examples of green initiatives that Flex Green contributes to include:

• Financing of solar panel installations

• Optimization of sustainable energy storage through financing of battery technology

• Financing of newly built properties with energy classifications A, B, or C

You can read more about the global goals we work towards with Nordiska Flex Green here: globalamalen.se

The Liquidity Account is a savings account with a fixed interest rate and a binding period of one year. It suits those who want a fixed interest rate but still have the option for early withdrawals if needed. In such cases, a fee of 0.75% of the withdrawn amount applies, with a minimum fee of SEK 250.

You can easily open a Liquidity Account by logging in with BankID on Nordiska's website, filling in your contact details, and selecting the savings account that suits you best.

When the binding period of your Liquidity Account ends, the interest is capitalized, and the total amount, including interest (after tax deduction), is automatically transferred to your Flex Account. A Flex Account is automatically opened when you open a Liquidity Account.

Yes, early withdrawals are possible. In such cases, a fee of 0.75% of the withdrawn amount applies, with a minimum fee of SEK 250.

Yes, deposits in the Liquidity Account are covered by the state deposit guarantee up to SEK 1,050,000.

We do not have any upper or lower limits on how much you can deposit to or withdraw from your savings account.
However, our fixed-term accounts (Fix and Liquidity Account) have a minimum deposit requirement of SEK 10,000.
Our variable-rate account Flex Plus also requires a minimum balance of SEK 10,000 to guarantee the advertised interest rate.
The standard Nordiska Flex account has no minimum deposit requirement.

There is no upper limit on how much money you can have in your savings accounts at Nordiska. However, deposited funds are only protected under the state deposit guarantee up to 1,050,000 SEK per customer and institution.

In addition, the deposit guarantee can be extended up to a maximum of 5 million SEK for certain specific events, such as:

• Sale of a private residence
• Severance payments
• Insurance compensation

This extended protection applies for a period of 12 months from the date the deposit was made or became available in the account.

This applies to all savings accounts at Nordiska. For more information about the deposit guarantee, visit the Swedish National Debt Office’s website.