Are my savings account deposits covered by the government deposit guarantee?

Yes, you are. Your deposits are covered by the state deposit guarantee, as decided by the Swedish National Debt Office. The deposit guarantee means that your deposits will be repaid up to SEK 1,050,000 if Qred Bank goes bankrupt. Repayment will be made within seven working days and in the manner that the National Debt Office considers appropriate. Read more about the government deposit guarantee