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Norwegian savings accounts offer a premium interest rate

Updated on March 17, 2012

Rates are still high in Norway

In the current low intrest rate environment Norwegian banks still offer considerable yields for savings with a time horizon of 1-3 years. To open a Norwegian bank account you would need a social security number which can be obtained by moving to Norway and start working there. Norwegian banks guarantee up to 2 million NOK from the bank guarantee fund.

The interest rates as of Mar 2012 for 500 000 NOK are (wwww.finansportalen.no):

Bluestep Finans AB, Filial Oslo NUF Fixed interest rate account 3 years 4,400%

Bluestep Finans AB, Filial Oslo NUF Fixed interest rate account 2 years 4,310%

Pareto Bank ASA Fixed interest rate account 3 years 4,000%

Pareto Bank ASA Fixed interest rate account 2 years 3,800%

Tinn Sparebank Fixed interest rate account 2 years 3,750%

SpareBank 1 Oslo Akershus (Bank 1 Oslo AS) Fixed interest rate account 2 years 3,600%

BN Bank ASA Fixed interest rate account 2 years 3,600%

Sparebanken Sogn og Fjordane Fixed interest rate account 2 years 3,200%

SpareBank 1 Buskerud-Vestfold Fixed interest rate account 2 years 3,100%

Totens Sparebank Fixed interest rate account 2 years 3,050%

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