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Savings scheme on account

Safe and simple saving with a savings scheme on account savings.

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  • Predictable rate of return

  • Secure savings, covered by a deposit guarantee

  • Easy to set up in the online bank and mobile banking app

Benefits of setting up a savings scheme in an account

A savings scheme into a savings account is a safe and easy way to save money. The advantage of saving in an account is that the return is fixed and predictable. You can choose between different types of savings accounts with different terms and interest rates.

Setting up new accounts is free of charge, so in principle you can have one account per savings goal. You can set up savings schemes for ordinary savings accounts and high-interest accounts such as BSU (home savings scheme for young adults) and Sparekonto Pluss, with fixed and predictable interest rates and terms and conditions.

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How to create a savings scheme in a savings account

If you don’t already have a savings account, you must first go to the menu and select “Open new account” for the desired savings account. When you know which account you want to create a savings scheme for, you can easily create a savings scheme by logging into the online bank.

  1. Log in to the online bank
  2. Select “Everyday banking and loans” in the menu
  3. Click “Standing order” under the “Pay and transfer” sub menu 
  4. Select "New standing order" and set up to and from accounts, amounts etc. 

Fixed rate deposits usually give the highest interest rate, but you cannot have an ongoing savings scheme into this type of account. But you only choose between periods of 3, 6, 12 and 24 months where you need to create a new agreement every time the period ends.

See our high-interest accounts

See interest rates on different savings accounts

Get an overview of the interest rates on the various types of savings available to you.

See the price list for savings

High-interest accounts

Get an overview of secure savings methods that usually have a higher interest rate.

See high-interest accounts
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Would you like to talk to an adviser about saving and investing?

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Frequently asked questions about savings schemes in an account

How much money do I need for a savings scheme in an account?

An ordinary savings account does not have such special conditions, but we also offer other types of accounts where you can get a higher interest rate. Read about the different accounts here.  

NB! Fixed rate deposits usually give the highest interest rate, but you cannot set up ongoing savings agreements into this type of account.

What happens if I end 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 an ordinary savings account and a high-interest account?

A high-interest account is a type of savings account with slightly different terms and conditions to a ordinary savings account.  

An ordinary savings account is an account where you have free access to the money and an unlimited number of withdrawals a year, but where you get a slightly lower interest rate.   

What we often call a “high-interest account" gives you a better interest rate, but is often subject to stricter conditions. Conditions can be a limited number of withdrawals, a minimum deposit, or that the money can only be used for housing (BSU home savings scheme).

Why are account savings considered safe?

Account savings are considered safe because you get a predictable interest rate on your savings. The deposit is secured by the deposit guarantee scheme and applies to deposits of up to NOK 2 million.

Read more about the deposit guarantee