Updated on 4 June 2020
MONOBANK was a Norwegian direct bank offering loans without collateral and high interest savings accounts. MONABANK redefines banking for individuals through simple and user-friendly services, and by working purposefully with innovation and development. Monobank was merged into BRABank.
Established in 2014, Komplett Bank is a Norwegian bank providing consumer finance products and savings accounts at attractive terms.
Germany: This product is offered to German residents only. When clicking on the product link you will be redirected to the product page in German.
Savings accounts are interest-bearing deposits accounts which allow to withdraw money at any time. While offering more flexibility, savings accounts usually provide lower interest rates than term deposit accounts.
The table above shows essential details of selected savings accounts products offered to retail customers by the banks in Norway: currency, interest rate per annum and deposit term. The savings accounts terms vary from 1 month to 1 years (12 months). The interest rates are within the range 0.32 - 0.35 %. The interest rates provided in the table do not take into account withholding tax levied on interest income in Norway.
Country Deposit Rating. Norway's Moodys country ceiling (the highest rating that can be assigned) for deposits in local currency is set to Aaa (prime).
Deposit Guarantee. Savings accounts made with credit institutions in Norway are covered by deposit guarantee scheme up to 2,000,000 NOK per depositor.
Withholding Tax. Interest income gained on savings accounts is not taxed in Norway for both residents and non-residents.