Deposits and investments - personal customers
Brukskonto (transaction account)
A Brukskonto is intended for daily banking services. Salaries, student loans, social security benefits, etc. can be transferred directly to this account, which may be used for different payment services.
The standard prices for payment services apply to all withdrawals/payments.
Customers over 18 may be granted an overdraft facility.
|Regardless of amount||0,05 % p.a.|
Foreign currency account
|The interest rate on a currency account equals the prevailing base rate at any given time for the relevant currency less a margin to be agreed upon between the bank and the account holder. Nordea's base rate for deposits in the relevant currency is based on the 1 week London Interbank Offered Rate (LIBOR) fixed on Mondays at 12 noon.|
Sparekonto (savings account)
|Balance (when a new tier is reached, the interest rate applies to the total balance on the account)||Interest rate|
|Regardless of amount
||0,20 % per year|
|Regardless of amount||0,60 % per year|
You are allowed 12 free withdrawals per calendar year. A withdrawal fee of kr 250,00 will be charged for each additional withdrawal. Interest and instalments on loans in Nordea Bank Norge ASA may be charged to the account without affecting the number of free withdrawals.
BufferSpar (regular savings account)
|Monthly savings of kr 500,00 and over||0,50 % per year|
|Monthly savings below kr 500,00||0,05 % per year|
BSU ( home-savings schemes for young people)
|Regardless of amount||3,00 % per year|
Withdrawal/transfer of locked deposits/interest is a breach of the BSU contract.
Boligsparekonto (home-saver account)
|kr 0,00 - kr 300.000,00||3,00 % per year|
|Capitalised interest *||3,00 % per year|
|When deposits exceed kr 300.000,00||No interest is earned*|
|Fee, withdrawal for other purposes than a home/the BSU account||5,00 % of the amount withdrawn, min. kr 1 000,00|
*) Interest capitalised during the savings period comes in addition to the deposits and bears interest according to the prevailing interest rate even if the balance on the account exceeds the maximum savings amount.
Fastrentekonto med bonus (Fixed term account with bonus)
|Sales period, current offer: 01.09.2016 and until further notice*||Interest rate/terms|
|Fixed term interest rate, year 1||1,40 % per year|
|Fixed term, year 1||01.10.2016 - 30.09.2017|
|Bonus rate, years 2, 3 og 4||0,20 % per year|
|Charge for withdrawal during the agreement period||2,50 %, min. kr 250,00|
* The interest rate is fixed for one year at the time and applies to savings that are locked for a fixed term of 12 months. Fastrente med bonus (fixed term account with bonus) is offered during specific sales periods. The current offer may be stopped or changed on short notice.
Depositumskonto (tenancy deposit account)
|Regardless of balance||0,05 % per year|
|The landlord is a customer of Nordea*||kr 500,00|
|The landlord is not a customer of Nordea*||kr 2 000,00|
|With lienholder or notification of tenant, per lienholder/notification||kr 250,00|
|The bank may charge an hourly compensation for extra work, for example in connection with the closing of an account.|
*) Whether or not the tenant is a customer of Nordea does not influence the establishment fee.
Online funds trading
|Establishment/annual fee||kr 0,00
|Purchase commission||Depending on fund.*|
|Other costs||Depending on fund.*|
|Sales commission||Depending on fund.*|
*) The total cost of purchasing or selling fund shares is provided in the fund information (the information is in Norwegian).
Fee to Nordea in connection with the distribution of mutual funds
Nordea Bank ASA (Nordea) offers savings and investment solutions from Nordea's associated company Nordea Funds Ltd, or other external management companies, for which it receives a fee (a share of the subscription fee and management fee) from the fund company.
Nordea has an obligation to inform about fees, commissions and non-monetary incentives paid or received in connection with the distribution of funds.
Nordea has a distribution agreement with Nordea Funds Ltd. and several other external fund managers for the distribution of their funds in the Norwegian market.
For its sale of mutual funds the bank receives a fee from Nordea Funds Ltd and other external fund managers. The fee enables Nordea i.a. to carry out analyses of and give information and advice about securities funds. The fee is a percentage share of the management fee paid by the unit holder and does not imply any extra cost for you as customer.
For funds managed by Nordea Funds Ltd the fee is 50 per cent of the management fee and for funds managed by other, external managers the fee is between 0 and 88 per cent of the management fee.
Example of how the fee is apportioned
If you buy units for NOK 10,000 in a securities fund managed by Nordea Funds Ltd. and the fund charges an annual management fee of 1.2 per cent, the apportionment will be as follows:
- The management fee you as a customer will pay is NOK 120 per year (10,000 x 1.2 per cent = NOK 120). The distribution fee to Nordea will be NOK 60 (NOK 120 x 50 per cent = 60). The distribution fee does not imply any extra cost for you as a customer.
|Under 18||kr 0,00|
|Under 18||kr 0,00
Support and error messages are free of charge.
1)Mobile operators' SMS charges come in addition.
Print and copies
|Standard account statement and annual statement||kr 0,00
|Account statement from Nordeas' ATMs in Norway||kr 0,00
|Account statement and transaction history in branch||kr 250,00
|Copies of prints and vouchers, minimum per copy||kr 100,00|
Calculation of interest on an account
Interest is calculated and credited to the account at the end of every calendar year or upon closure of the account.
In Nordea, interest is calculated based on the number of calendar days, i.e. 365 days a year, alternately 366 days in a leap year.
The overdraft interest on deposit accounts is 18.00%.