Bank Norwegian new interest rates November 2021

Bank Norwegian has been steadily trimming down the interest rates on their savings accounts since 2015.
Every couple of months they send out an email with the new rates.

A few days ago they just announced that they will be cutting yet another 0.25% starting February 1st, 2022.

I have used their savings account some time ago, but now I mainly use their Visa credit card which has no annual fees. They also have attractive rates for loans.

You can check their credit card, savings account and loans here.

Here’s the official email:

Hello,

We reduce the deposit rate by 0.25%. The change will take effect on 01.02.2022.

New interest rate is 0.45% from the first krona. See details in the overview below:

Interest from the first krona

Rates up to and including 31.01.2022

0.70%

Rates from 01.02.2022

0.45%