Norway has some of the highest savings rates in Europe in 2026, thanks to Norges Bank keeping its policy rate high at around 4.50%—significantly above the ECB's 2.00%. Norwegian savers benefit from strong competition between digital banks (nettbanker) and traditional institutions.
Best NOK Savings Accounts and Deposits 2026
| Institution | Product | Rate | Access | Min. | Guarantee |
|---|---|---|---|---|---|
| DNB Bank | 12-Month Term Deposit | 4.50% | Fixed 12 months | 10,000 NOK | Norges Bank Guarantee Fund (2 million NOK) |
| Norges Bank | 3-month Treasury Bill | 4.38% | 3 months | — | Government-backed |
| Norges Bank | 10-year Government Bond | 3.95% | 10 years | — | Government-backed |
| Bulder Bank | Savings Account | 4.00% | Daily liquidity | 0 NOK | Bank Guarantee Fund (2M NOK) |
| Fjord Bank (Raisin) | 12-Month Deposit | 2.55% | Fixed 12 months | 1,000 EUR | Norwegian DGS |
| Lea Bank (Raisin) | Notice Account 4 days | 1.85% | 4-day notice | 1,000 EUR | Norwegian DGS |
Rates verified May 2026. NOK accounts require Norwegian BankID for most banks.
DNB Bank — 4.50% Fixed Deposit
DNB Bank is Norway's largest bank and offers competitive 12-month term deposits at 4.50%. As a systemically important bank (SIFI), it carries implicit government support beyond the standard deposit guarantee. A minimum of 10,000 NOK is required.
Bulder Bank — 4.00% with Full Liquidity
Bulder Bank is a digital bank offering 4.00% on its Sparekonto (savings account) with no fixed term — you can withdraw anytime. This makes it one of the best liquid savings options in Norway. No minimum balance required.
- Rate: 4.00% annual
- Daily liquidity (no lock-in)
- 100% digital, no branches
- Protected by the Norwegian Banks' Guarantee Fund (Bankgarantifond) up to 2 million NOK
Norwegian T-bills: 4.38%
Norwegian Treasury Bills (3-month) yield 4.38% — one of the highest risk-free rates in Europe. These are available through Norwegian brokers and reflect Norges Bank's elevated policy rate environment.
Norwegian vs. European Rates: Why the Difference?
Norway is not in the Eurozone, and Norges Bank sets rates independently. With inflation higher in Norway than the EU average, Norges Bank has kept rates elevated while the ECB has been cutting aggressively. This creates a significant opportunity for NOK savers:
- Norwegian policy rate: ~4.50%
- ECB deposit rate: 2.00%
- Spread: ~2.50 percentage points
The caveat: this is in NOK. If you're a European investor considering Norwegian deposits (via Raisin), be aware of currency risk — NOK/EUR fluctuations could offset the rate advantage.
Norwegian Deposits via Raisin (for EU Residents)
EU residents can access some Norwegian banks through Raisin in EUR:
- Fjord Bank (Raisin): 2.55% EUR 12-month deposit
- Lea Bank (Raisin): 1.85% EUR notice account (4 days)
Note: These EUR products offer lower rates than the NOK products because they are essentially hedged EUR deposits from Norwegian banks.
Deposit Guarantee in Norway
The Norwegian Banks' Guarantee Fund (Bankenes sikringsfond) guarantees deposits up to 2 million NOK per depositor per bank — significantly higher than the EU's €100,000 guarantee. This is one of the most generous deposit guarantees in the world.