Skip to main content
DNB Logo
Search
To Saving
  • Help and guidance
  • Find your DNB office
  • Make an appointment

Footer navigation

©

DNB Logo

Savings scheme

Get rid of the hard work of transfers and let savings take place automatically with a savings scheme

Happy woman enjoying the sun and the view on holiday
  • Allow the savings to take place by themselves

  • Easy to create, change and pause

  • Suitable for short-term and long-term savings

Savings scheme in mutual funds

Savings scheme in an account

Price list savings

What is a savings scheme?

A savings scheme is an agreement you conclude with yourself. In practice, there is a fixed transfer from your use account to a mutual fund or savings account. The usual arrangement is to have monthly deductions, usually on the pay date. When the cover goes by itself, you hardly notice that you are saving, but you will soon notice that you have saved.

User 1

Set a target for savings

Do you have anything special you would like to save for? Before you set up the savings scheme, you must choose the form of savings. In order to choose the right savings, you should use your own savings targets and how long you need to reach the target.

If you’re going to save for a holiday in a year, probably a high-income account will be best, but if you’re going to save for a pension or the children’s future over a longer period of several years (minimum 6 years), funds are usually the best choice.

Setting specific goals, such as savings for home, travel, pension or car, increases the likelihood that you will reach your savings goals. It is also common to have multiple savings savings scheme, in both accounts and funds, for the various purposes and to spread risk.

Explore savings schemes in account

Explore savings schemes in mutual funds

Savings schemes FAQ

Can I have a savings scheme in different mutual funds?

Yes. You can create as many savings schemes as you want. Just remember to have money available in your account so the savings schemes is executed.

If you want to save in a mutual fund via a Share savings account (ASK) you must first set up a savings agreement for the Share savings account, then set up savings schemes from ASK to the desired fund.

How do I set up a new savings scheme?

There is a difference between setting up savings from account to account and from account to fund. We explain click by click below 

Savings scheme from account to mutual funds  

  1. Log in to the online bank
  2. Select "Save and invest" in the menu 
  3. thereafter “buy a fund” 
  4. Select a fund you want to save in, for example DNB Global Index A
  5. Click on the fund, select “fixed savings” and enter the amount 
  6. Click “purchase” and then post a deduction account and date 

Alternatively, you can go into the app The savings app Spare and click on “Fund”, then purchase and easily set up repeat purchases in the app.

Savings schemes from usage account to savings account 

  1. Log in to the online bank
  2. Everyday banking and loans in the menu
  3. Click on “Fast assignments” under the sub menu “Pay and transfer” 
  4. Select “New Fixed Assignment” and set up to and from account, amount etc. 

If you don’t have a savings account from before, you must first go to the menu and select “Open new account”. There is no limit to the number of accounts you can have, so you can open one per savings goal if you wish.

Explore the account types here.

What happens if I don’t have enough money in the account for automatic deduction?

If you don’t have enough money in your account, the transfer will not be possible. The transfer will try again within a few days, and will be carried out if you have money in your account.

How much do I need to save in a savings scheme?

The minimum amount for a savings scheme is NOK 100, in some mutual funds there may be NOK 300. There is no upper limit.   

What happens if I breach the savings scheme?

A savings scheme is an agreement you have made with yourself and you can terminate or pause a savings scheme at any time. Remember that if you let the savings scheme run continuously, you will achieve your savings goal faster.

What is the difference between savings schemes in mutual funds and in accounts?

The difference between a savings scheme in mutual funds and in savings accounts is risk and return. By taking higher risk, you also increase the possibility of higher returns. In mutual funds, there is more risk than saving on savings accounts.

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