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Nordnet review

Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026

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Our verdict

Nordnet suits Swedish businesses that want an easy-access savings account with no monthly charge and free money movement. The catch is the interest: a variable 1.35% sits well under the 3.08% median across the savings accounts we rank, so it works as a cash account rather than a rate play.

Key facts

Best for
A Swedish business parking spare cash with no monthly fee and no lock-in period.
Headline rate
1.35%↗
Rate type
Variable↗
Access terms
Free withdrawals and transfers, no lock-in period, interest paid monthly, deposit guarantee up to 1 150 000 SEK↗
Monthly fee
SEK 0↗
Account kind
Easy access↗
Legal entity
Nordnet Bank AB↗
Headquarters
Sweden↗
Founded
1996↗
Support channels
Email, Chat, Phone, Help-centre↗
Pricing model
No monthly fee
Official website
nordnet.se

Everyday accounts

Transfer fee
Free withdrawals and transfers on the savings account↗
Audience
Business
Features
Digital-only

Facts checked September 26, 2026, 4 sources

Apps and profiles

Get the app
App StoreGoogle Play
Elsewhere
LinkedInXXflickr.com

Pros and cons

Pros

  • A monthly fee of SEK 0 on the savings account, in line with the €0 site median
  • Free withdrawals and transfers on the savings account, so moving money in and out costs nothing
  • Easy access: easy access with no lock-in period and interest paid monthly
  • Support runs through email, chat and phone

Cons

  • The variable rate of 1.35% trails the 3.08% savings-account median
  • A digital only service, so day to day account handling runs online (digital only)
  • Built for business customers, so the account targets company money rather than personal savings (business)
Nordnet

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Scored 9.2 / 10 by VaultCue.

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Who it suits

  • Swedish businesses holding short-term cash
  • Companies that move money often and want free transfers
  • Anyone comfortable managing a digital-only account

Who should look elsewhere

  • Rate seekers, since 1.35% sits below the 3.08% median
  • People wanting a branch or in-person service, given a digital-only setup
  • Retail savers, because the account is built for business customers

Rates and terms

The savings account pays a variable rate of 1.35%. Variable means the figure moves with the base rate rather than being locked for a set period, and the account carries no lock-in period at all, so money can leave whenever it is needed. Interest is credited monthly and withdrawals and transfers are free. The account kind is easy access, which suits cash that must stay reachable rather than money committed for a fixed stretch.

Who runs it

The account is run by Nordnet Bank AB, based in Sweden and founded in 1996, so it is an established bank rather than a new entrant. Support runs through email, chat and phone, giving a mix of direct and self-serve routes. The service is digital only, which shapes how most customers handle the account day to day.

How Nordnet compares

Where Nordnet is available

Available
Denmark, Finland, Norway, Sweden

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What interest does the Nordnet savings account pay?+

The account pays a variable rate of 1.35%, and interest is paid monthly. Because the rate is variable it can move with the base rate, so the figure is worth checking rather than treating as fixed.

Is there a monthly fee on the account?+

The monthly fee is SEK 0 on the savings account, which matches the €0 site median. Free withdrawals and transfers keep the running cost at that level for a business that moves money regularly.

Can I withdraw money at any time?+

Yes. The account kind is easy access and there is no lock-in period, so savings can be taken out without a notice period or penalty. Free withdrawals and transfers on the savings account means moving the money costs nothing at the point of withdrawal.

How is the money protected?+

Savings sit under a deposit guarantee, with the guarantee stated as part of the access terms. That covers the balance held on the account, giving a layer of protection beyond what an e-money wallet would offer.

Is this account for individuals or businesses?+

It is aimed at business customers, which shapes who finds it useful. Freelancers and sole traders running a company account are the closer fit, while personal savers will want a retail product instead.

How do I get help with the account?+

Support runs through email, chat and phone, so you can pick a direct route or work through the help centre. The service is digital only, which shapes how support and account handling work day to day.

Which company runs the account?+

The account is run by Nordnet Bank AB, headquartered in Sweden and founded in 1996. Being a bank rather than an intermediary matters for how the deposit guarantee applies to the balance.

How does the rate compare with other savings accounts?+

At 1.35% variable, the rate sits below the 3.08% median across the savings accounts ranked here, and the position on headline rate is 365. The case for the account rests on the free fees and easy access rather than the interest.

Sources

Compiled from 5 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Term, Minimum deposit, Deposit protection.

Nordnet

Nordnet

A Swedish business parking spare cash with no monthly fee and no lock-in period.

9.2/10See alternatives