Sweden's savings landscape in 2026 reflects the Riksbank's rapid rate-cutting cycle — Sweden's policy rate has fallen from 4.00% (2024) to approximately 2.25% by mid-2026 as inflation returned to target. Digital banks and fintech accounts offer the most competitive rates for Swedish savers.
Best SEK/EUR Savings Options 2026
| Institution | Product | Rate | Currency | Access | Guarantee |
|---|---|---|---|---|---|
| TF Bank (via Raisin) | 12-Month Deposit | 2.20% | EUR | Fixed 12 months | Swedish DGS (100K EUR) |
| Collector Bank (via Raisin) | Savings Account | 1.86% | EUR | Daily liquidity | Swedish DGS (100K EUR) |
| Riksbank | Government Bond 2Y | ~2.20% | SEK | 2 years | Government-backed |
| Major SEK banks | High-yield savings | 1.50–2.50% | SEK | Daily | Swedish DGS |
Rates verified May 2026. EUR products available to EU residents via Raisin.
Swedish Banks via Raisin (EUR Access)
EU residents outside Sweden can access Swedish bank deposits in EUR through Raisin, benefiting from the Swedish Deposit Guarantee Scheme (up to 100,000 EUR equivalent).
TF Bank's 12-month EUR deposit at 2.20% is a solid fixed-term option. Collector Bank's savings account at 1.86% offers flexibility without lock-in periods.
Context: Sweden's Rate Environment
Sweden is not in the Eurozone — the Riksbank sets rates independently in SEK. After peaking at 4.00% in 2023, the Riksbank has aggressively cut rates to combat a slowing economy. This is why SEK savings rates are lower than NOK (Norway's Norges Bank cut more slowly).
For SEK-denominated savings, Swedish online banks typically offer 1.50–2.50% on instant-access accounts, with term deposits slightly higher.
Swedish Deposit Guarantee Scheme
Sweden's Riksgälden (Swedish National Debt Office) administers the deposit guarantee, protecting deposits up to SEK 1,050,000 (approximately 100,000 EUR) per depositor per institution. This is equivalent to the EU's standard €100,000 protection. All listed banks are covered.
For European Savers: Is Sweden Worth It?
For EU residents considering Swedish deposits via Raisin, the EUR products at 1.86–2.20% are competitive but not dramatically better than other Raisin offerings. Check our full Raisin Europe comparison to find the best rate across all available European banks.