Savings scheme

Yes. You can create as many savings schemes as you want. Just remember to have money available in your account so the savings scheme is executed.

If you want to save in a mutual fund via a Share savings account (ASK) you must first set up a savings agreement for the Share savings account, then set up savings schemes from ASK to the desired fund.

The minimum amount for a savings scheme is NOK 100, in some mutual funds it may be NOK 300. There is no upper limit.   

There is a difference between setting up savings from account to account and from account to mutual fund. We explain this below, click by click

Savings scheme from account to mutual funds

1. Log in to the online bank
2. Select "Saving and investing" in the menu 
3. then “buy a mutual fund”
4. Select a mutual fund you want to save in, for example DNB Global Index A
5. Click on the mutual fund, select “regular savings” and enter the amount 
6. Click “buy” and then enter the account to transfer from, and the date 

Alternatively, you can go to the savings app Spare and click on “Mutual Fund”, then buy and easily set up repeat purchases in the app.

Savings schemes from current account to savings account 

1. Log in to the online bank
2. Select “Everyday banking and loans” in the menu
3. Click “Standing order” under the “Pay and transfer” sub menu 
4. Select "New standing order" and set up to and from accounts, amounts etc. 

If you don’t already have a savings account, you must first go to the menu and select “Open new account”. There is no limit to the number of accounts you can have, so you can open one per savings goal if you wish.

Explore the account types here.

A savings scheme is an agreement you have set up with yourself and you can terminate or pause a savings scheme at any time. Remember that if you let the savings scheme run continuously, you will achieve your savings goal faster.

If you don’t have enough money in your account, the transfer will not go through. Another attempt will be made within a few days, and will go through if you have enough money in your account.