Savings account with interest

Get a high savings rate with Qred Bank

Interested in high savings rates for your personal savings account?

Help us help small businesses by saving with Qred Bank. Open a savings account covered by the government deposit guarantee. It only takes a few minutes!

Right now the interest rate is 4.20%

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Compare our savings accounts

Your savings are covered by the government deposit guarantee.

It's easy to save with Qred Bank, whether you have a long-term or short-term savings goal. It only takes a few minutes to open your savings account with us. Make your money grow in a savings account with a high savings rate. We offer different types of savings accounts with both unbound (variable) and bound (fixed) interest rates.

Flex savings account

Variable rate savings account for individuals

  • Currently: 4.20%.

  • Get the highest interest rate

  • Withdraw your money at any time

For those who are more flexible and are looking for a savings account with a variable interest rate. With Sparkonto Flex, you can make deposits or withdrawals at any time.

Savings account Fast

Fixed rate savings account for individuals

  • From 4.00%.

  • Get interest from the first SEK

  • Get started in minutes

Suitable if you want to save with a fixed interest rate throughout the savings period. The Sparkonto Fast has a predetermined lock-in period for your savings with Qred.

Do you have questions about our savings accounts?

Your savings are covered by the government deposit guarantee

Investing your money in a savings account is no small matter. Therefore, it is important that you as a customer feel safe with your savings at Qred Bank. Your deposits are covered by the government 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 deemed appropriate by the Swedish National Debt Office.

You can always contact us on 08-525 009 37 or email support@qred.se to get answers to your questions.

What does it mean to be a politically exposed person (PEP)?
What if I have complaints related to the Qred Bank savings account?
How is my personal data handled?
How can I access my annual statement?
Can I see transactions for a closed account?

Open a savings account today!

Opening a savings account with Qred Bank is a wise choice for you as an individual. With us, your savings are not only safe - they also grow thanks to our attractive interest rates.

We understand the importance of making your money work for you, whether you're saving for a dream trip, a new home, or just a more secure future.

With a Qred Bank savings account, you'll have access to personalized service and easy portal management, making it easy to keep track of your savings wherever you are. Let us help you reach your savings goals and make your dreams come true.

Choose Qred for savings that grow with you.

Do you have a business? 

We also offer financing to entrepreneurs

Business loans for small businesses

Business loan

Borrow up to 2 000 000 SEK

Payment within one working day

Pay back when you want

A green corporate card representing the Qred VISA

Qred VISA

For everyday purchases

1% cashback on all purchases

Smart expense management in the app

Factoring for businesses

Factoring

Choose which invoices to sell

Payment within one working day

We help you collect your claim

About Qred

Our History

Founded in 2015 by entrepreneurs for entrepreneurs, Qred Bank is now Sweden's fastest growing fintech company, according to the Financial Times. Qred has delivered profitable growth from the start and is the market leader in the Nordics with Sweden's most satisfied customers, according to Trustpilot.

With operations in Sweden, Finland, Denmark, the Netherlands, Belgium, Norway, Germany and Brazil, Qred has issued hundreds of thousands of loans to small businesses. A fully automated and proprietary credit scoring system enables Qred to quickly and competitively provide business owners with the support they need to grow.

Man holding a large Qred VISA

What is a savings account? 

A savings account is a form of bank account specifically designed to promote saving. Unlike a salary account where the money is often used for day-to-day transactions, a savings account is intended to set aside money for the future. One of the main advantages of a savings account is the security it offers as well as the possibility to earn interest on the money deposited.

When you deposit money in a savings account, the bank pays you interest. That interest is a percentage of your deposited amount and is usually paid annually or monthly. The interest rate can vary depending on the bank's policy and the general economic situation. Higher interest rates are often offered on savings accounts where the money is tied up for a longer period, or where there is a minimum balance requirement.

Savings accounts are flexible in the sense that they allow deposits and withdrawals, but they may have some restrictions depending on the type of account. For example, some savings accounts may have limits on how often you can withdraw money without losing interest, while others may require you to maintain a certain minimum balance to avoid fees.

Having a savings account can also act as a financial buffer. It comes in handy for unexpected expenses or as a resource when saving for bigger goals such as a vacation, car purchase or a down payment for a home. A savings account is a financial solution for anyone who wants to build a stable financial future. It offers a safe place to store money while providing an opportunity to grow the money through interest.

The benefits of the Qred savings account

There are many benefits to our savings accounts. Here we list some: 

  • Interest from the first krona
  • Covered by the government deposit guarantee scheme
  • Choose between fixed (fixed) and flex (variable) interest rates

Highest interest savings account

There are many banks offering high interest rates at the moment. Compare both the interest rate and other conditions before deciding which savings account to open.

Savings account or funds? 

Choosing between saving in a savings account or in funds can be a bit tricky, but both have their advantages depending on your savings goals. Here are some thoughts on when each type of savings is best suited.

If you have plans to save for something you want to do soon, like building up a financial buffer or treating yourself to a nice trip, a savings account is a smart choice. With a savings account, your money is safe and you know exactly how much you'll have after a year - no surprises!

Saving in the short term usually means that you want to reach your goal within three years. In such a short time, the stock market can be quite volatile, making shares and funds a more uncertain choice if you need a set amount of money within a specific timeframe.

When it comes to longer savings horizons, such as preparing for your retirement, funds may be a better option. Historically, the stock market has tended to provide better returns over longer periods compared to savings accounts, which can make your savings even more profitable.

Some examples of short-term savings goals where the savings account is preferable include saving for a buffer, a dream trip or perhaps for a new car. Depending on your needs and the amount of time you have to save, you can choose the savings option that suits you best. Whatever option you choose, it's great that you're thinking about your financial future!

Save with the interest-on-interest effect

There are a number of factors that come into play, but read more in our article The interest-on-interest effect. Saving is never better than with that kind of snowball effect.

What is the savings rate if you save SEK 1 million? 

If you have a million euros and want to calculate how much interest you would get if the interest rate is 4% per year, you can use a simple formula to work this out.

The formula for calculating the annual interest rate is thus:
Interest = Principal amount × Interest rate

Principal amount = 1 000 000 kr
Interest rate = 4% (or 0.04 as decimal)

The interest rate per year is:
1 000 000 kr × 0.04 = 40 000 kr

This means that if you save one million euros in an account with an interest rate of 4%, you would earn 40,000 euros in interest per year.

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