Nordiska Fixed Rate Account (Fix)

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.

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 1,050,000 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 1,050,000 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 1,050,000 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.

If the account holder passes away, the right of disposition for the Fix account transfers to the estate of the deceased. The estate must notify Nordiska in writing and provide the necessary documents to verify the right of control over the account.

No, Fix accounts are personal and cannot be transferred or jointly owned by multiple individuals.

Nordiska offers Fix accounts with various maturities, ranging from 90 days to 5 years. The interest rate varies depending on the chosen maturity. Longer maturities often provide a fixed interest rate that reflects stability and market conditions at the time of account opening.

For the most up-to-date interest rates and additional details, please visit Nordiska’s savings page.

You have the right to withdraw from the agreement within fourteen (14) days from the date the account was opened.

• Contact Nordiska: Notify Nordiska that you wish to exercise your right of withdrawal.
• Refund of funds: Nordiska will refund the deposited amount without any fees; however, you will not be credited any interest for the period during which the account was open.

If no deposit is made to Nordiska Fix within twenty-eight (28) days from the date the account was opened, Nordiska reserves the right to immediately close the account. Nordiska also has the right to close the account when all funds, including interest, have been transferred from the account to Nordiska Flex in connection with the account's maturity.

The interest rate on the Fix account is fixed for the entire duration of the term and is calculated for all calendar days (365/365, except leap years). At the end of the term, the interest is capitalized and transferred along with your savings balance to your Nordiska Flex account.

When opening a Fix account, you must specify a designated withdrawal account. This must be a Swedish transaction account in your name. If you need to change your designated account, you can do so by logging into your account. Nordiska may require up to two (2) banking days to verify the new withdrawal account.

The minimum deposit amount for a Fix account is SEK 10,000.

When the term for your Fix account expires, your saved funds, including accrued interest, are automatically transferred to your Flex account. You can then manage the funds freely according to the terms of the Flex account.

No, you are not required to use a Flex account to deposit money into a Fix account.

When opening a Fix account, the deposit can be made in two different ways:

• Via internal transfer from your Flex account, when opening the Fix account in the Internet Bank

• Via Bankgiro payment from an external Swedish account in your own name

Important: The Fix account is not opened until the deposit has been received and made available.
Only then will the funds be locked in and interest begin to accrue.

Regardless of which method you choose, the deposit can only be made once—at the time of opening.
Once the Fix account has been opened, you cannot deposit more funds—neither via Bankgiro nor through internal transfers from other Nordiska accounts.
If you’ve already opened a Fix account and wish to save additional funds for a new term, you may open a new Fix account.
You can have up to eight savings accounts with Nordiska at the same time.

If you want to gather the funds first:

If you plan to transfer money from multiple sources or at different times before opening a Fix account,
you may first collect the full amount in your Flex account. Once the total amount is available there,
you can open a Fix account in the Internet Bank and select to make an internal transfer from the Flex account during the account opening process.

What happens when the Fix account matures?

When the fixed term ends, the interest is capitalized and the entire amount, including interest (after tax deduction),
is automatically transferred to your Flex account. If you do not already have a Flex account with Nordiska,
one will automatically be opened when you open the Fix account.
You may then choose to open a new Fix account or use the funds according to the Flex account terms.

Deposit information:

• Bankgiro: 828-5975
• OCR number: Same as your account number (visible when you log in to “Mina sidor”)
• Payment must be made from a Swedish account in your own name

If you do not already have a Flex account with Nordiska, one will be automatically opened when you open a Fix account. This is because the funds from the Fix account, once the term ends, are automatically transferred to the Flex account. This makes it easier for you to manage your money after the binding period.

When the term of your Fix account ends, the interest is capitalized, and the total amount, including accrued interest (after tax deductions), is automatically transferred to your Flex account. You then have the option to open a new Fix account and transfer the amount again or use the funds as desired under the terms of the Flex account.

You have the right of withdrawal, which means you can close the account by contacting our Customer Service within 14 days of opening the account. After this period, it is not possible to close a Fix account until the binding period has ended.

Nordiska offers several different fixed terms for FIX accounts – you can choose the savings period that suits you best.

Available fixed terms:

• 90 days

• 1 year

• 2 years

• 3 years

• 4 years

• 5 years

All FIX accounts come with a fixed interest rate, no fees, and are covered by the Swedish state deposit guarantee up to SEK 1,050,000.
The minimum deposit is SEK 10,000.

See current interest rates and open an account here: nordiska.se/spara

Yes, Nordiska offers fixed-rate accounts with a 90-day term. This means your savings are locked at a fixed interest rate for the duration of that period.

Important to know:

When the term of a Fix account ends, the interest is capitalized (after tax deduction), and the full amount including interest is automatically transferred to your Flex account.

The account is not renewed automatically – and the interest rate is not extended either.
If you wish to continue saving under similar terms, you need to open a new Fix account yourself.

When opening a new Fix account, the interest rate that applies is the one in effect at the time the funds become available in the account.

This means that the rate is not locked when you apply, but only once the money has actually been received and booked by Nordiska.

So if you make the transfer on a different day than when you opened the account, and the rate changes in the meantime, a different interest rate may apply than the one you originally saw.

You can view current interest rates and open a new account at: nordiska.se/spara