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Savings scheme in an account

Safe and easy savings with savings scheme on savings account

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  • Predictable return

  • Secure savings, covered by a deposit guarantee

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

Benefits of opening a savings scheme in an account

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

Setting up new accounts does not cost anything, so you can in principle have one account per savings goal. You can set up savings scheme for regular savings accounts and high-income accounts that BSU – home savings scheme for young adultsand Sparekonto Plusswith 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 have a savings account from before, 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. Everyday banking and loans in the menu
  3. Click “Fast assignments” under the “Pay and transfer” sub menu 
  4. Select "New Fixed Assignment" and set up to and from accounts, amounts etc. 

Fixed rate deposits usually gives the highest interest rate, but to such an account you cannot have ongoing savings savings scheme. 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-earning accounts

See interest on different savings accounts

Get an overview of the interest rates on the various types of savings that you can use.

See the price list for savings

High-interest account

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

See high-income accounts
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Would you like to talk to an adviser about savings and investment?

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Frequently asked questions about savings agreement in account

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

A regular savings account does not have such special conditions, but we also offer other types of accounts where it is possible to get a higher interest rate. Read about the different accounts here.  

NB! Fixed rate deposits usually gives the highest interest rate, but to such an account you cannot have ongoing savings agreements.  

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 a high-interest account and a regular savings account?

A high-earning account is a type of savings account with slightly different conditions than a regular savings account.  

A 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’re often call “High-interest account"provides 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). 

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