When we determine the interest rate, we do so on the basis of a number of factors, for example the general interest rate level, the interest rate level of the Danish central bank, market trends and commercial considerations.
It is these factors, together with the continuing existence of negative rates, that we have taken into consideration in connection with our decision to now lift interest rates by 0.5 of a percentage point.
Overall, we have a strong value proposition for our customers, but we of course closely track trends in interest rates and the competitive situation.
Economists generally expect more normal interest rate levels to return in the coming period, and with expectations of further rate hikes in the near future, it looks likely that we as a society will soon be able to put negative interest rates behind us.
If you have your NemKonto account with us, you will pay negative interest if your total deposits exceed DKK 100,000 – and only on the amount that exceeds the threshold.
If the deposits in your accounts do not total more than DKK 100,000, you will not pay negative interest.
If you do not have your NemKonto with us, your total cash deposits with us are subject to negative interest.