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Barnas Sparekonto (Children’s savings account)

Give your child a safe and solid start to their financial journey. With the Children’s Savings Account, you get a flexible saving solution where you have full control.

Familie med besteforeldre og barn
  • Great interest rate from the start

  • Easy overview in online banking and mobile banking

  • No limit on the number of withdrawals

Barnas Sparekonto (Children’s savings account)

3,75 % per year

What is Barnas Sparekonto?

With Barnas Sparekonto, you can easily get started on savings for the child from a young age. You get a favorable savings interest rate from the first NOK. You can use the savings account both for fixed savings and for money that the child receives as a gift. You can see the account in your own online bank, in DNB – the app and in the Spare app.

Barnas Sparekonto is an account that the parents have at their disposal. If you want an account that the child accesses, you can create Intro Savings account.

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Savings for children

Should you save in your own name or your child’s name?

Read more about savings for children

The savings app Spare

Spare is the app that helps you keep track of all your savings.

Read more and download the savings app Spare

Frequently asked questions about savings for children

Can I save if my child is not a customer?

If your child is not already a customer, they will automatically become a customer when you open a Barnas Sparekonto.

What if I save in my child’s name?

At a given amount, assets lead to a reduced bursary from the Norwegian State Educational Loan Fund.

If a child’s assets exceed 2 G, the county governor can take over management of the money.

You can avoid this by writing a gift declaration.

G is the National Insurance basic amount and is adjusted annually. As of 1st of May 2023, 1 G is NOK 118 620.

Can assets affect the bursary?

Assets over a certain amount lead to a reduced bursary from the Norwegian State Educational Loan Fund.

When the child’s assets exceed 2 G, the county governor can take over management of the money. This can be avoided by writing a gift declaration.

G is the National Insurance basic amount and is adjusted annually. As of 1st of May 2024, 1 G is NOK 124 028.

Should I save in my own name or my child’s name?

There are advantages and disadvantages to both options.

In terms of tax, there is no difference, since your child will come under your tax assessment anyway.

Read more about savings for children

What happens to the account in the event of divorce or death?

The funds are included in the estate if the parents divorce or die when the savings are in their own name.

What do I need to set up an account for my child?

The card must be ordered by the guardian and to complete the order you must have the birth certificate available with information about the parent.

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Children from A to Å

Things you should know and things you didn’t see coming with children at home

Children from A to Å

Our savings accounts

  • Savings account

    No withdrawal restrictions

  • Fixed rate deposits

    Better interest rates when you lock in your money for a set period.

  • Sparekonto Pluss

    Get good interest when you have more than NOK 500 000. Four withdrawals free of charge

  • BSU home savings scheme

    Save up for a home and get a tax deduction

  • Boligspar Ekstra

    Save extra for a home, without tax deduction

  • Barnas Sparekonto (Children’s savings account)

    Savings account for children between 0–18 years old

  • Morsom Sparing

    Save a little every time you use the card or pay a bill

  • High-interest account

    An overview of secure savings methods with usually higher interest rates