Following this increase, Nordnet will adjust its interest rates in Sweden and introduce interest on deposits held in investment savings account (SE: investeringssparkonto, ISK) and endowment insurance (SE: kapitalförsäkring). All rates listed below will be effective from January 1, 2023, except for rates on savings accounts, which were effective from November 28, 2022.
|Retail (ISK, endowment insurance)||0%||0.25%|
|Retail (depot account, SE: aktiedepå)||0%||0%|
|Private Banking (ISK, endowment insurance)||0%||1.00%|
|Private Banking (depot account)||0%||0%|
|Active Trader (ISK, endowment insurance, depot account)||0%||2.00%|
|Savings account, deposits < SEK 1 million||0.25%||1.00%|
|Savings account, deposits > SEK 1 million||0.75%||1.50%|
– With these changes, we now have competitive rates for all customer types, including an attractive savings account as well as a very good deposit rate on ISK and endowment insurance, says Martin Ringberg, Country Manager Nordnet Sweden.
– Nordnet’s heritage and core is stock trading, and we should always have the best offer for traders. It is about product, price and service but also interest rate levels. With these interest rate adjustments, we now have the best deposit rate in Sweden for active traders, says Martin Ringberg, Country Manager Nordnet Sweden.
Special information about the deposit guarantee
Cash held in ISK, depot accounts and savings accounts are covered by the government’s deposit guarantee as decided by the Swedish National Debt Office (SE: Riksgälden). Each account holder is entitled to compensation for their total account balance held in the bank up to an amount of SEK 1,050,000. In addition to this amount, under certain conditions the account holder can by law receive compensation for certain deposits attributable to certain specific events such as the sale of a private home with a maximum value of SEK 5 million. The National Debt Office pays out the compensation within seven working days from the day the bank declared bankruptcy or the Financial Supervisory Authority decided that the guarantee should take effect.