Flex savings account
Variable rate savings accounts for individuals. For those who are more flexible and are looking for a variable rate savings account. With Sparkonto Flex, you can make deposits or withdrawals at any time without any fees.
Savings account - Get a high savings rate
with Qred Bank
Help us help small businesses by saving with Qred Bank. Open a private savings account covered by the government deposit guarantee with a high savings rate! It only takes a few minutes.
Whether you have long-term or short-term personal savings goals - we have the right savings account for you
Saving with Qred Bank is easy, 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.
Currently 3,50 %
Get interest from the first SEK
Free withdrawals - withdraw money anytime!
Savings account Fast
Fixed-rate savings account for private individuals. Suitable for those who want to save with a fixed interest rate throughout the savings period. For Sparkonto Fast, a predetermined fixed period applies to your savings with Qred.
Up to 3,40 %.
Get interest from the first SEK
Get started in minutes
Current interest rates for our savings accounts
See below for the current savings rate for our savings accounts. You can also find information about the savings rate for each savings account in My Pages.
Binding period
Current interest rate
Movable
3,50 %
3 months
3,40 %
6 months
3,20 %
9 months
2,60 %
1 year
2,60 %
2 years
2,30 %
Qred has been redefining business finance since 2015
Founded in Sweden in 2015 by entrepreneurs for entrepreneurs, Qred has quickly become the premier bank for flexible business loans. Qred is now the market leader in the Nordics and also operates in the Netherlands, Germany, Belgium and Brazil.
Our team understands the challenges and needs of entrepreneurs, and we are proud to be one of the highest rated banks for businesses on Trustpilot.
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2015
Qred was founded
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50
supported companies
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Markets
Are you an entrepreneur?
We also offer financing solutions for businesses. Choose the one that suits you best right now - or why not both?
Quick application
Payout within 24 hours
No binding time
Business loans up to
5 000 000 kr
Borrow from SEK 50,000 up to SEK 5 million - with no fixed term! You can choose whether you want to keep the loan for the entire loan period or pay it back early. Of course, at no extra cost.
1% cashback
Get more cards for your company - for free!
Save receipts digitally directly in the app
More flexibility
with Qred VISA
Discover our business credit card: endless possibilities, at no extra cost. A business card with 1% cashback where you can get multiple cards for businesses at no extra cost.
Do you have any questions?
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 by 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 Swedish National Debt Office considers appropriate. You can always contact us on 08-525 009 37 or email support@qred.se to get answers to your questions.
I made a deposit - why can't I see my money yet?
The fact that the money is not yet visible in your savings account can be due to two reasons:
- It can take up to 3 banking days for the deposit to appear in your account due to the banking infrastructure when money is moved between different banks.
- An officer may need to administer your case manually, which may take an additional working day.
We ask for your patience as we handle your deposits with the utmost care!
How do I link my bank account for withdrawals?
This can be done in two different ways:
1. Log in and go to "My details"
- Click on "Get my account number".
- Select your bank from the tab that opens.
- Follow the instructions and verify with Mobile BankID.
2. manual entry of account details
- Close the tab that appears when you press "Get my account number".
- Enter your account details manually on the home page.
- Submit a document confirming that you own the savings account for verification.
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 on money already invested!
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 receive if the interest rate is 4.3% per annum, 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 = 4.3% (or 0.043 as decimal)
The interest rate per year is:
1 000 000 kr × 0.043 = 43 000 kr
This means that if you save one million euros in an account with an interest rate of 4.3%, you would earn 43,000 euros in interest per year.
Contact us
We are here for you every weekday between 13:00 and 17:00.
Kristoffer is Chief Financial Officer (CFO) at Qred Bank since January 2022 and has about 15 years of experience in the banking sector with a focus on finance and risk management. He holds a Master of Science in Financial Mathematics from the Royal Institute of Technology (KTH). Kristoffer has previously held a number of different senior roles in Treasury at Skandiabanken (Head of Treasury) and Carnegie. Prior to that, he was a management consultant at Oliver Wyman focusing on finance and risk to institutions in Europe.
