Nordax Bank savings rates 2026: savings account and fixed-term deposit
In October 2026 the rate of Nordax's Tuottotili (yield account) is 2.40% and that of the freely withdrawable Säästötili (savings account) 2.35% (both since 23 January 2026). Nordax and Bank Norwegian belong to the same NOBA Bank Group, so their deposits are counted together in the deposit guarantee.
Nordax Bank savings accounts
| Account | Rate | Tiering | Withdrawals | Minimum | Rate can change | Fees |
|---|---|---|---|---|---|---|
| Nordax Tuottotili (yield account) | 2.40% | 2.40% for the whole balance (since 23 January 2026) | 12 free withdrawals a year, after that 1% of the withdrawn amount, at least €25. | not available | Yes | Opening is free; from the 13th withdrawal onwards 1% (min. €25). |
| Nordax savings account | 2.35% | 2.35% for the whole balance (since 23 January 2026) | Unlimited free withdrawals; money to the reference account in 1-3 bank days. | not available | Yes | Opening is free. |
- Nordax Tuottotili (yield account): Interest is paid at the turn of the year.
Terms and opening an account
| Fact | Value |
|---|---|
| Head office | Sweden |
| 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), up to 1,150,000 Swedish kronor per customer and credit institution. Nordax and Bank Norwegian are brands of the same NOBA Bank Group AB, so their deposits are counted together for the guarantee (according to the Financial Stability Authority, up to an amount equal to €100,000 in total).
Withholding tax: no Finnish withholding tax, 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 Nordax Bank compared with other providers. See all providers in the savings rates comparison.
See also
Similar savings rates
Sources
- Nordax: Säästäminenretrieved 16 October 2026
- Nordax: Talletuskorkohistoriaretrieved 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 Nordax Bank pay on a savings account?
In October 2026 Nordax Bank savings accounts and rates: Nordax Tuottotili (yield account) 2.40%; Nordax savings account 2.35%. Note: no Finnish branch; shared deposit guarantee limit (NOBA Bank Group); withdrawal restriction.
Is a deposit at Nordax Bank safe?
Swedish deposit guarantee (Riksgälden), up to 1,150,000 Swedish kronor per customer and credit institution. Nordax and Bank Norwegian are brands of the same NOBA Bank Group AB, so their deposits are counted together for the guarantee (according to the Financial Stability Authority, up to an amount equal to €100,000 in total). The cover limit in the EU is €100,000 per depositor per bank.
Is withholding tax deducted from the deposit interest at Nordax Bank?
No Finnish withholding tax, 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.