Savings account - Get high savings rates
at Qred Bank
Help us help small business owners by saving at 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 private savings goals — we have the right savings account for you
Saving with Qred Bank is easy, regardless of 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 tied (fixed) interest.
Savings account Flex
Savings account with variable interest rate for individuals. For those who are more flexible and looking for a variable interest savings account. With our flexible savings account, you can make deposits or withdrawals at any time without any fees.

Right now 2.75%
Receive interest from the first krona
Free withdrawals - withdraw money at any time!
Savings account Fixed
Fixed interest savings account for individuals. Suitable for those who want to save with a fixed interest rate throughout the entire savings period. For our fixed savings account, a predetermined binding period applies to your savings with Qred.

Up to 2.85%
Receive 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.
Qred has been supporting entrepreneurial dreams 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 Nordic region and also has operations in the Netherlands, Germany, Belgium and Brazil.
Our team understands the challenges and needs of business owners, and we are proud to be one of the highest rated banks for business on Trustpilot.
Are you an entrepreneur?
We also offer financing solutions to companies. Choose what works best for you 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 50 000 kr up to 5 million kr - with no commitment period! You can choose whether you want to keep the loan for the entire loan period or pay it back early. Of course, completely at no extra cost.

1% cashback
Get several cards to the company - for free!
Save receipts digitally directly in the app
More flexibility
with Qred VISA
Discover our credit card for business: endless possibilities, without extra costs. Save money on everything you buy with cashback. Join tens of thousands of others and get Qred VISA today! By the way, you do know that it doesn't have an annual fee, right?
Do you have questions?
Investing your money in a savings account with a bank is no small thing. Therefore, it is important that you as a customer feel safe with your savings at Qred Bank. Your deposits are covered by the State Deposit Guarantee as decided by the National Debt Office.
The deposit guarantee means that your deposits will be refunded up to 1 050 000 kr if Qred Bank goes bankrupt. Repayment will be made within seven working days and in the manner deemed appropriate by the National Debt Office. You can always contact us at 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)?
Person in a politically exposed position (PEP)
According to the Act (2017:630) on Anti-Money Laundering and Terrorist Financing Measures, Qred Bank must be made aware of whether you are a PEP, related to a PEP or a person with business relations to PEP. A PEP is a person who, by virtue of his position and influence, is considered to hold a position that in itself poses a risk of being exploited for a particular type of influence.
A PEP is a person who holds or has held an important public function in a state or international organization. Examples of such features include:
- Heads of state
- Council of State
- Members of Parliament
- Judges of the Supreme Court and the Supreme Administrative Court
- Ambassadors
- CEOs or directors of state-owned enterprises
- Leading figure in international organizations
- Members of the board of political parties
Relatives of PEP and persons with business relations to PEP
Related to PEP refers to:
- spouse, registered partner, cohabiting
- children and their spouse, registered partner, cohabitation
- parents
A person with a business relationship with a PEP means:
- a person who jointly with a PEP owns or otherwise has influence over an enterprise
- a person who otherwise has or has had a close relationship with PEP;
- a person who alone owns or exercises influence over a company formed for the benefit of a PEP
When does a person cease to be a PEP?
Once a PEP has ceased to exercise its functions, Qred Bank will continue to treat the customer as a PEP for at least 18 months thereafter. You are obliged to immediately notify Qred Bank of any changes in your status regarding PEP, related to PEP and person with business relationship to PEP.
Foreign Account Tax Compliance Act (FATCA)
Under the U.S. Foreign Account Tax Compliance Act (FATCA), financial institutions worldwide are required to report information to the United States about the account assets and capital income of individuals and companies with U.S. tax liability. Many countries, including Sweden, have chosen to enter into a special agreement with the United States on FATCA. This means that Swedish financial institutions, including Qred Bank, must report this information to the Swedish Tax Agency, which in turn passes the data on to the US Internal Revenue Service.
Individuals and companies covered by FATCA include, among others:
- Residents of the United States
- U.S. citizens (including people with dual citizenship)
- Holders of a U.S. Permanent Residence and Work Permit (so-called Green Card)
- Companies incorporated in the United States
Read more about FATCA here
Common Reporting Standard (CRS)
The Common Reporting Standard (CRS) is an international standard that enables the automatic exchange of financial account information between countries. CRS has been developed by the Organisation for Economic Co-operation and Development (OECD), and over 80 countries have signed a multilateral agreement to implement CRS in national law, including Sweden and all other EU countries. Under this agreement, banks must identify the tax domicile of their account holders and report annually the account details of customers who are taxable in other countries or jurisdictions. The purpose of CRS is to discourage tax evasion and the standard is based on the U.S. tax law FATCA.
Qred Bank's legal obligations
Qred Bank is subject to the law governing the obligation of Swedish financial institutions to obtain information from their customers about possible tax liability in other countries and report this data annually to the Swedish Tax Agency. All customers with tax liability in a country other than Sweden and the United States are covered by CRS.
Reporting to the Swedish Tax Agency
Qred Bank reports data on relevant account assets and capital income annually to the Swedish Tax Agency, which in turn reports these data to the corresponding authority in the other country.
Tax liability and residence
You are responsible for notifying Qred Bank if you are liable for tax in a country other than Sweden. This also includes informing Qred Bank of any changes in your tax liability or tax residency.
For customers with tax liability in another country
If you are taxable in a country other than Sweden, you should indicate this when asked about tax liability in other countries and enter your tax identification number (TIN) together with the country where you are liable for tax.
For customers without tax in other countries
If you are not liable for tax in another country, please confirm this when asked about tax liability in countries other than Sweden.
Read more about CSR here
How much can I save at Qred Bank?
The maximum amount that you can save at Qred Bank, including capitalized interest, is 1,000,000 SEK.
How do I log in to manage my savings account?
You reach your savings account by logging into My Pages using BankID.
How do I connect my bank account for bank withdrawals?
This can be done in two different ways:
1. Log in and go to “My data”
- Tap “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 pops up when you tap “Get my account number”.
- Enter your account details manually on the home page.
- Submit a document confirming that you own savings account for verification.
How is the interest rate calculated on Qred Bank savings accounts?
Your interest is calculated day by day on the amount that is on your savings account. Interest is calculated from the first calendar day after the deposit date and up to the last calendar day before the withdrawal date.
What is a savings account?
A savings account is a form of bank account specifically designed to promote saving. Unlike the payroll account where the money is often used for day-to-day transactions, the savings account is intended to put money away for the future. One of the biggest advantages of a savings account is the security it offers as well as the ability to earn interest on the money deposited.
When you deposit money into a savings account, the bank pays you interest. That interest rate is a percentage of your deposited amount and is usually paid out annually or monthly. The interest rate may vary depending on the policy of the bank and the general economic situation. Higher interest rates are often offered on savings accounts where the money is tied up over a longer period, or where there is a requirement for a minimum balance.
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 unforeseen expenses or as a resource when saving for larger goals such as a vacation, car purchase or a cash contribution to 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.
Benefits of Qred Savings Account
There are many benefits to our savings accounts. Here we list a few:
- Interest from the first krona
- Covered by the State Deposit Guarantee
- Choosing between fixed (tied) and flex (floating) interest
- Savings account with the highest interest rate
- There are many banks offering high interest rates right now. Compare both the interest rate and other conditions before deciding which savings account to open.
Savings account or mutual funds?
Choosing between saving in a savings account or in mutual funds can feel a bit tricky, but both have their advantages depending on your savings goals. Here are a few thoughts on when each type of savings is best suited.
If you have plans to save for something you want to implement soon, like building up a financial buffer or treating yourself to a lovely trip, a savings account is a smart choice. In a savings account, your money is safe and you know exactly how much you will have after a year — no surprises!
Saving for the short term usually means that you want to reach your goal within three years. For such a short time, the stock exchange can be quite shaky, making stocks and mutual funds a more uncertain choice if you need a set amount of money in a specific time frame.
When it comes to longer savings horizons, such as preparing for your retirement, mutual funds may be a better option. Historically, the exchange 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 preferred include saving for a buffer, a dream trip, or perhaps for a new car. Depending on your needs and how long you have to save, you can choose the form of savings that suits you best. Whichever 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 rate-on-interest effect. Saving never gets better than with that kind of snowball effect on money already invested!
What is the savings rate if you save 1 million SEK?
If you have a million kronor and want to work out how much interest you would get if the interest rate is 4.3% per annum, you can use a simple formula to figure this out.
Thus, the formula for calculating the annual rate is:
Interest = Principal amount × Interest rate
Principal amount = SEK 1,000,000
Interest rate = 4.3% (or 0.043 as decimal)
The interest per year will be:
1,000,000 kr × 0.043 = 43,000 kr
This means that if you save $1 million in an account with an interest rate of 4.3%, you would earn $43,000 in interest per year.
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