Handelsbanken Sparkonto Handelsbanken
2.75% AER
Traditional savings account from Handelsbanken with branch support across Sweden.
- Interest Rate: 2.75% p.a.
- Min. Deposit: SEK 100
- Withdrawals: Unlimited
- Deposit Protection: Swedish DGS — up to €100,000
Compare Savings Accounts in Sweden
Savings accounts in Sweden are tracked across high-street banks, building societies and digital challengers, with all eligible deposits covered by Sweden's state deposit guarantee up to SEK 1,050,000. Compare introductory bonus rate expiry dates carefully — many top-rate accounts revert to a lower standard rate after 12 months, and the switch requires action to retain the rate.
20 live savings accounts offers tracked across 20 Swedish providers, with rates from 2.75% AER. Data current as of 23 October 2026 and updated daily from the Giraffy database.
Live offers
20 live offers compared from 20 providers, from 2.75% AER. Updated daily.
SEB Savings Account SEB
2.85% AER
SEB savings account with competitive variable rate and digital management.
- Interest Rate: 2.85% p.a.
- Min. Deposit: SEK 100
- Withdrawals: Unlimited
- Deposit Protection: Swedish DGS — up to €100,000
Swedbank Sparkonto Swedbank
2.90% AER
Instant-access savings from Swedbank — good rate with full liquidity.
- Interest Rate: 2.9% p.a.
- Min. Deposit: SEK 100
- Withdrawals: Unlimited
- Deposit Protection: Swedish DGS — up to €100,000
Wise Räntekonto SE Wise Sverige
3% AER
- Interest Rate: 3.00% p.a.
- Min. Deposit: SEK 1,000
- Withdrawals: Instant
- Deposit Protection: Swedish DGS — up to €100,000
Nordea Savings Account Nordea
3% AER
Savings account from Nordea with competitive rates and no lock-in period.
- Interest Rate: Up to 3.0% p.a.
- Min. Deposit: SEK 1,000
- Withdrawals: Unlimited
- Deposit Protection: Swedish DGS — up to €100,000
bunq Savings SE bunq Sverige
3.10% AER
- Interest Rate: 3.10% p.a.
- Min. Deposit: SEK 1,000
- Withdrawals: Instant
- Deposit Protection: Swedish DGS — up to €100,000
Lunar Sparkonto SE Lunar Sverige
3.20% AER
- Interest Rate: 3.20% p.a.
- Min. Deposit: SEK 1,000
- Withdrawals: Instant
- Deposit Protection: Swedish DGS — up to €100,000
Skandia Sparkonto Skandia
3.25% AER
- Interest Rate: 3.25% p.a.
- Min. Deposit: SEK 1,000
- Withdrawals: Instant
- Deposit Protection: Swedish DGS — up to €100,000
Nordnet Sparkonto Nordnet
3.25% AER
Savings account from Nordnet — Sweden's second-largest online broker. Competitive rates.
- Interest Rate: 3.25% p.a.
- Min. Deposit: SEK 1
- Withdrawals: Unlimited
- Deposit Protection: Swedish DGS — up to €100,000
Moank Sparkonto SE Moank
3.40% AER
- Interest Rate: 3.40% p.a.
- Min. Deposit: SEK 1,000
- Withdrawals: Instant
- Deposit Protection: Swedish DGS — up to €100,000
N26 Savings SE N26
3.40% AER
- Interest Rate: 3.40% p.a.
- Min. Deposit: SEK 1,000
- Withdrawals: Instant
- Deposit Protection: Swedish DGS — up to €100,000
Marginalen Sparkonto SE Marginalen Bank
3.50% AER
- Interest Rate: 3.50% p.a.
- Min. Deposit: SEK 1,000
- Withdrawals: Instant
- Deposit Protection: Swedish DGS — up to €100,000
Revolut Sparkonto SE Revolut Sverige
3.50% AER
- Interest Rate: 3.50% p.a.
- Min. Deposit: SEK 1,000
- Withdrawals: Instant
- Deposit Protection: Swedish DGS — up to €100,000
Avanza Sparkonto+ Avanza
3.50% AER
High-yield savings from Avanza — Sweden's most popular savings platform. Best rates for ISK accounts.
- Interest Rate: Up to 3.5% p.a.
- Min. Deposit: SEK 1
- Withdrawals: Instant withdrawal
- Deposit Protection: Swedish DGS — up to €100,000
Collector Bank Sparkonto SE Collector Bank SE
3.60% AER
- Interest Rate: 3.60% p.a.
- Min. Deposit: SEK 5,000
- Withdrawals: 1 week notice
- Deposit Protection: Swedish DGS — up to €100,000
Trade Republic Sparkonto SE Trade Republic Sweden
3.75% AER
- Interest Rate: 3.75% p.a.
- Min. Deposit: SEK 1,000
- Withdrawals: Instant
- Deposit Protection: Swedish DGS — up to €100,000
Landshypotek Sparkonto Landshypotek Bank
3.75% AER
High-yield savings from Landshypotek Bank — consistently one of SE's best savings rates.
- Interest Rate: Up to 3.75% p.a.
- Min. Deposit: SEK 10,000
- Withdrawals: Up to 2 free/year
- Deposit Protection: Swedish DGS — up to €100,000
Ikano Bank Sparkonto Ikano Bank
Price on request
- Payment Plan: 3.20%
- Data: Savings account
- Network: Instant access
- Contract: See ikanobank.se
- Deposit Protection: Swedish DGS — up to €100,000
Saldo Bank Sparkonto Saldo Bank
Price on request
- Payment Plan: 3.20%
- Data: Savings account
- Network: Instant access
- Contract: See saldo.com
- Deposit Protection: Swedish DGS — up to €100,000
Multitude Bank Sparkonto Multitude Bank
Price on request
- Payment Plan: 2.10%
- Data: Savings account
- Network: Instant access, free withdrawals
- Contract: See multitudebank.se
- Deposit Protection: Swedish DGS — up to €100,000
What is a savings account in Sweden?
A savings account (sparkonto) holds cash you can access freely while earning interest at a variable rate (rörlig ränta). Unlike a fixed deposit, there is no lock-in, so it suits your emergency fund and short-term savings. Rates on the Giraffy panel range from about 2.75% to 3.75%, with challenger banks typically paying the most.
How the Swedish savings market works
Rates are variable and can change when market conditions move, so the leading account today may not lead tomorrow. Because the money is free to move, many savers chase the best rate and switch when a better one appears. Niche and challenger banks often sit at the top of the tables because they compete aggressively for deposits, while the large established banks tend to pay less on instant-access balances.
Benefits of a savings account
Full flexibility — Withdraw or move money whenever you need it, with no fixed term.
Competitive challenger rates — Specialist banks frequently pay well above the big incumbents.
Simple and low-risk — No market exposure; your balance only grows with interest.
How to choose
Compare the variable rate, but check the deposit protection carefully. Some challenger banks operating in Sweden are covered by another EU country's guarantee scheme (up to the EU minimum of 100,000 EUR) rather than the Swedish insättningsgarantin, which changes the protected amount and the currency of protection. Also check for any restrictions on the number of free withdrawals, minimum or maximum balances, and whether the top rate is introductory.
Leading savings providers in Sweden
The panel features challenger and specialist banks such as Ikano Bank, Saldo Bank, Multitude Bank, Collector Bank SE, Moank, Marginalen Bank, bunq Sverige and Lunar Sverige. Several of these are app-first and pass strong rates to savers, but their protection scheme and home regulator vary, so it is worth confirming the details before depositing.
What a savings account costs
Sparkonto accounts are normally free to open and hold, and you earn the variable rate, currently roughly 2.75% to 3.75%. The main watch-outs are not fees but rate changes over time and any caps on how much of your balance earns the headline rate.
Protections and regulation
Banks are supervised by Finansinspektionen. Swedish-licensed banks provide the insättningsgarantin up to 1,050,000 SEK per person per institution via Riksgälden. Challenger banks passported from another EU state may instead rely on that country's scheme, typically up to 100,000 EUR, so always verify which guarantee applies to your chosen account. Consumer protection sits with Konsumentverket.
Common questions
Can the rate change? — Yes, sparkonto rates are variable and adjust with market conditions.
Is my money always protected up to 1,050,000 SEK? — Only with Swedish-scheme banks; some challengers use another EU scheme up to 100,000 EUR, so check before depositing.
Why do challenger banks pay more? — They compete hard for deposits to fund their lending, often beating the large incumbents.
Savings Accounts in Sweden — FAQ
What is the highest savings rate in Sweden right now?
Giraffy tracks 20 savings accounts across 20 providers in Sweden. Sort by highest rate and filter by account type (easy access vs. fixed) to find the best deal for your timeline.
Is my money safe in a savings account?
Yes — Riksgälden covers up to SEK 1,050,000 per person, per bank. Always confirm your institution is Finansinspektionen-regulated before depositing. If your balance exceeds the protection limit, spread funds across multiple separately-licensed banks.
What does p.a. mean on a savings account?
p.a. (per annum) is the standardised rate that accounts for how often interest is compounded over a year. It's the fairest number to compare across accounts — always compare like-for-like using p.a. rather than the gross or monthly rate.
What is the difference between easy access and fixed-rate savings?
Easy access accounts let you withdraw your money at any time — rates are variable and may change. Fixed-rate bonds or term deposits lock your money away for a set period (usually 1–5 years) at a guaranteed rate, which is typically higher. Choose fixed if you don't need the funds before the term ends.
Do I pay tax on savings interest?
Tax on savings interest varies by country and income level. Check your country's tax authority guidance or speak to a financial adviser if your interest income is significant.
Can I open multiple savings accounts at different banks?
Yes — and it can be a smart strategy. Spreading savings across banks maximises your deposit protection (up to SEK 1,050,000 via Riksgälden per institution) and lets you earn the best rate at each bank. Just keep track of all accounts to avoid losing money to dormancy fees.
How quickly can I access my money in an easy access savings account?
Most easy access accounts transfer funds to a linked current account within one working day, and many process withdrawals the same day. Some accounts restrict the number of free withdrawals per month — check the terms before you open one if flexibility matters to you.