Nordiska FLEX and Nordiska FLEX PLUS

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/.

Yes, you can transfer money between your accounts at Nordiska, including Nordiska Flex and Nordiska Flex Plus, as long as the following conditions are met:

• You have an active Nordiska Flex Plus account.
• The balance in the Nordiska Flex Plus account must not fall below 10,000 SEK.

Important information about Nordiska Flex Plus:

• If the balance in your Nordiska Flex Plus account drops below 10,000 SEK, Nordiska reserves the right to lower the interest rate to 0% from the date the decision is made.
• To reactivate the account with full interest, you need to transfer sufficient funds to ensure the balance exceeds 10,000 SEK.

How to make an internal transfer between your Nordiska accounts:

1. Log in to the Online Bank at www.nordiska.se.
2. Click on "Deposits and Transfers" in the top menu.
3. Select "Transfer" from the dropdown menu.
4. Under "From account":
   • Select the account from which you want to transfer money, e.g., Nordiska Flex.
5. Under "To account":
   • Select the account to which you want to transfer money, e.g., Nordiska Flex Plus.
6. Enter the amount you wish to transfer.
7. Review the details and click "Confirm".

Note: Transfers between your Nordiska accounts are processed immediately.

How to make a deposit to your Nordiska accounts:

• Deposits are made to Nordiska Bankgiro 828-5975.
• OCR number: Your 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 bank account in your name.
• Ensure you use the correct OCR number so the funds are deposited into the correct account.

With Nordiska’s Online Bank, you can efficiently handle transfers and deposits to ensure that your Nordiska Flex Plus account meets the 10,000 SEK requirement and earns the applicable interest.

If you don’t already have a Nordiska Flex Plus account, you can open one easily:

1. Log in at www.nordiska.se with BankID.
2. Click on "Open a new account" in the menu.
3. Select Nordiska Flex Plus and follow the steps to complete the setup.

Using Nordiska’s Online Bank, you can seamlessly manage transfers, deposits, and internal transfers to ensure that your Nordiska Flex Plus account maintains the 10,000 SEK balance requirement and qualifies for the current interest rate.

Interest is earned on the funds in the account according to Nordiska's terms for this type of account. Current information about the interest rate is always available on Nordiska's website.

If the balance in the account falls below 10,000 SEK, the following applies:

• Nordiska reserves the right to lower the interest rate to 0% from the date such an interest rate decision is made.
• Interest is calculated for all calendar days throughout the year (365/366 days, including leap years).
• No interest is paid on the withdrawal date. Even upon account closure, interest is calculated only up to the withdrawal date.

Interest payout:

• Interest on Nordiska Flex Plus is credited to the account on December 31 each year or upon account closure.
• Tax deductions or other deductions required by regulatory directives are handled by Nordiska according to applicable laws and rules.

Changes to the interest rate:

• Nordiska reserves the right to change the interest rate on Nordiska Flex Plus at any time.
• If the interest rate is changed to the account holder's disadvantage, this will be communicated as soon as possible via Nordiska's website and other channels.

Follow these steps to make a withdrawal via Nordiska’s website:

1. Log in to the Online Bank: Visit www.nordiska.se and log in with your BankID.
2. Go to "Deposits and Transfers": Click on the menu and select "Transfer."
3. Enter the amount: Fill in the amount you want to transfer, whether it’s the entire balance or part of it.
4. Select your withdrawal account: Under "To account," choose the registered bank account to which the money should be transferred.
5. Confirm the withdrawal: Follow the instructions to complete the transfer.

No, both Nordiska Flex and Flex Plus are free of charge. There are no fees for opening or using these accounts.