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What does it cost to have a personal savings account?

It doesn’t cost anything to have a savings account at kompasbank. There are no account opening fees, no fixed fees and no ongoing costs. You only pay in two scenarios: if you withdraw money early from KOMPAS FAST or KOMPAS VARIABLE, or if you make more than 5 withdrawals in a month from KOMPAS BASIS.

Deduction if you withdraw early

If you withdraw your deposit early, we calculate a deduction (dekort). A deduction is an amount subtracted from the money paid out to you.

  • KOMPAS FAST: You pay a deduction if you withdraw the money before the fixed term ends.
  • KOMPAS VARIABLE: You pay a deduction if you have the money paid out before the 31-day notice period has passed.

The deduction rate is based on the remaining term and the nominal interest rate on your savings. The nominal interest rate is the interest rate that applies to your savings.

See the current deduction rates here.

Extra withdrawals from KOMPAS BASIS

You have 5 free withdrawals from your KOMPAS BASIS account to your NemKonto per calendar month. If you make more than 5, each extra withdrawal costs DKK 100.