Can someone translate the Bank Norwegian savings account phrase “layman terms”:
“Annual interest from the first euro” //percentage
The core question is whether the amount of money I earn during the year changes if I add to the interest account during the year, I would assume and see that yes, but the phrase is really cryptic.
The phrase “from the first euro” means no minimum deposit requirement. Interest is typically calculated daily on the principal in the account.
Norwegian contacted again by email:
We inform you that the interest rate on savings account deposits will decrease.
Current interest rate: 1.85 %
New interest rate: 1.70 %
The change will take effect on 22.05.2025.
We inform you that the interest rate on savings account plus deposits will decrease.
Current interest rate: 2.35 %
New interest rate: 2.20 %
The change will take effect on 22.05.2025.
Yes, I guess I’ll have to start looking for an alternative investment for at least some of the buffer money.
Indeed, those will decrease for everyone. If you always aim to find an account with a 0.05% better interest rate, you’ll likely have to switch accounts every 2 months.
The easiest way is probably to put it into a money market fund, so you’ll always practically get the Euribor return 
No need to keep shuffling things around then.
Being a complete novice, could you suggest what kind of money market funds would be worth considering, for example, at OP or Nordnet? So, would OP Euro, for example, be a good option?
What would be the easiest product at Osuuspankki (OP) for these interest funds?
I came across OP-Euro, but since I have no experience with such products, I don’t know if I’m missing something entirely.
It should practically replace savings account interest for a person, so that even a small return is sufficient, the most important thing is that the fluctuation is as minimal as possible, and where the savings can simply be left untouched.
I have sometimes used Seligson’s money market fund, with 0% redemption and subscription fees. It includes time deposits etc. Surely there is more risk in these than in an individual’s deposits, but the return is also slightly better. These are probably not covered by deposit insurance, however…
Finland’s only fund classified as a money market fund is indeed found at Seligson. Even without (subscription) fees
Collector reduces interest rate from 3.00% to 2.75% effective June 22nd.
I initially (still last year) used Norwegian, but it eventually changed to Svea. Now that the interest rate there is also just falling (like in all others), what is currently the “best” savings account to let your money rot in? 
Or, of course, if someone knows of another somewhat risk-free goldmine, then where should one store money nowadays? It feels like all my investments, even those with low risk, have failed miserably, so I’m really looking for a VERY low-risk place for my money 
If there happen to be deductible losses, then Norwegian still beats many others when the interest can be kept without deductions
Any experiences with Lea bank?
It’s under the Swedish deposit guarantee and promises 3.0% for a savings account. Have they announced any interest rate cuts?
Collector Bank also does not withhold source tax, and the interest rate is an order of magnitude better than Norwegian. In general, it seems to have the best interest rate on the market for this type of account.
No withdrawal restrictions.
I just realized that with Svea, if you’ve accumulated about 400€ in interest, then oops, when you’re left with only about 250€ after taxes, it feels quite pointless to have tens of thousands (euros) just sitting there… I also looked a bit at Collector Bank. Don’t know what’s sensible here.. I’m a bit clueless about how taxation works with different savings accounts, it still ends up eating a big chunk of even that small interest earning 
I have plenty of loss-making stocks, but I’ve decided to hold them until the grave rather than selling them at some -95% loss 
??? They are all taxable income in the same way. In the case of Collector Bank, you just have to report the interest income to the tax authorities yourself.
I want to be a knower but I don’t know.
(It’s not about tax evasion, of course 
)
Capital tax classes 30% and 34%. Withholding tax 30%. 4/30 = 0.13333333
However, everyone has the lower tax bracket for the first 30,000 euros, and it’s not really possible to distinguish that a specific capital income would exclusively be subject to the higher tax rate. Therefore, one could perhaps state that for large capital incomes, the capital income tax percentage falls between these two.
And for me, since the deposit is still well under €30,000, it shouldn’t really matter how the taxation is handled, as it’s 30% even as withholding tax 