Bank Norwegian savings rates 2026: savings account and fixed-term deposit
In October 2026 the interest rates of Bank Norwegian's savings accounts are 1.50% with free withdrawals, 2.00% for the Säästötili plus (savings account plus) with six free withdrawals and 2.55% for the Säästötili 31 with a 31-day withdrawal period. Bank Norwegian does not withhold withholding tax on the interest, so the interest income is declared yourself to the tax authority.
Bank Norwegian savings accounts
| Account | Rate | Tiering | Withdrawals | Minimum | Rate can change | Fees |
|---|---|---|---|---|---|---|
| Savings account | 1.50% | 1.50% for the whole balance | Unlimited free withdrawals. | not available | not available | Opening fee €0. |
| Savings account Plus | 2.00% | 2.00% for the whole balance | 6 free withdrawals per calendar year, after that 0.5% of the withdrawn amount. | not available | not available | Opening fee €0; from the 7th withdrawal onwards 0.5%. |
| Savings account 31 | 2.55% | 2.55% for the whole balance | Free withdrawal with 31 days' notice, otherwise 1.5% of the withdrawn amount. | not available | not available | Opening fee €0; withdrawal fee €0 with notice. |
- Savings account: One of each savings account type per customer. Bank Norwegian does not deduct withholding tax; the customer declares the interest income themselves.
- Savings account Plus: No lock-in period; interest is capitalised annually.
- Savings account 31: No bill payment and no direct debit.
Terms and opening an account
| Fact | Value |
|---|---|
| Head office | Sweden (NOBA Bank Group AB, Norwegian branch) |
| Opening online as a new customer | Yes |
| Requires a current account or customer relationship | No |
| Information checked | 16 October 2026 |
Deposit guarantee and taxation
Swedish deposit guarantee (Riksgälden). According to the Financial Stability Authority, deposits made to Bank Norwegian (the Norwegian branch of NOBA Bank Group) are protected up to €100,000, and deposits in Nordax Bank and Bank Norwegian are protected together up to an amount equal to €100,000. No Finnish branch, so the Financial Stability Authority does not take part in the compensation process.
Withholding tax: not withheld in Finland, declare it yourself. Finnish withholding tax is not withheld, so you declare the interest yourself. Interest you declare yourself is capital income: 30% up to €30,000 and 34% on the part above that. Foreign tax under a tax treaty is credited in Finland against the tax that Finland imposes on the same income, but not more than the tax that would be payable in Finland on the income. If the source state has collected more than the tax treaty allows, the excess tax is not credited in Finnish taxation, and a refund is claimed from the source state. Read more in the guides deposit guarantee and tax on savings deposits.
Calculate the return
Enter the amount and the term in the savings rates calculator to see the gross interest, the tax and the net interest of Bank Norwegian compared with other providers. See all providers in the savings rates comparison.
See also
Similar savings rates
Sources
- Bank Norwegian: Säästötiliretrieved 16 October 2026
- Rahoitusvakausvirasto: Talletussuojajärjestelmän pankitretrieved 16 October 2026
Information checked 16 October 2026. Always check the current rate and terms with the provider.
Frequently asked questions
How much interest does Bank Norwegian pay on a savings account?
In October 2026 Bank Norwegian savings accounts and rates: Savings account 1.50%; Savings account Plus 2.00%; Savings account 31 2.55%. Note: no Finnish branch; tax not withheld in Finland; shared deposit guarantee limit (NOBA Bank Group); withdrawal restriction; 31 days' notice period.
Is a deposit at Bank Norwegian safe?
Swedish deposit guarantee (Riksgälden). According to the Financial Stability Authority, deposits made to Bank Norwegian (the Norwegian branch of NOBA Bank Group) are protected up to €100,000, and deposits in Nordax Bank and Bank Norwegian are protected together up to an amount equal to €100,000. No Finnish branch, so the Financial Stability Authority does not take part in the compensation process. The cover limit in the EU is €100,000 per depositor per bank.
Is withholding tax deducted from the deposit interest at Bank Norwegian?
Not withheld in Finland, declare it yourself. Finnish withholding tax is not withheld, so you declare the interest yourself. Interest you declare yourself is capital income: 30% up to €30,000 and 34% on the part above that. Foreign tax under a tax treaty is credited in Finland against the tax that Finland imposes on the same income, but not more than the tax that would be payable in Finland on the income. If the source state has collected more than the tax treaty allows, the excess tax is not credited in Finnish taxation, and a refund is claimed from the source state.