High-interest account

A High-interest account is a type of savings account where you get a higher interest rate than a regular savings account. This type of account is suitable for anyone with a greater amount of money you want to save in a safe and efficient way. Remember that the terms and conditions may vary for the different high-income accounts, so it’s a good idea to check the details of what suits you best.

A senior employee account is considered a safe choice. In DNB, your deposit is secured through the Banks' hedging fund. This means that even if something should happen with the bank, your deposit is secured up to NOK 2 million.

If you have fixed-rate deposits, this will be a high-interest account where you hold your money to 3, 6, 12 or 24 months.

If you want to save in the high-interest account BSU, the money is locked for the purposes of home purchase or refurbishment.

If you choose a savings account plus or interest rate fund, your money is not locked for withdrawals or bound for a specific period of time.

Therefore, high-interest accounts have different terms and conditions, and you can choose the account that suits your purpose best.

Yes, you’ll pay tax on the profit of the interest you’ll get on the savings account. The tax rate on interest income is 22%.

If you have interest income, the information about this will be sent directly from the bank to the Norwegian Tax Administration. Always check that the information that is actually being asked is correct.

Also remember that the principle of mutuality means that you can also deduct 22% for interest you pay on loans or have lost on different investments.