Can I make withdrawals from my KOMPAS VARIABLE account on an ongoing basis?

Yes, you can withdraw part of your savings, but this requires you to terminate your current KOMPAS VARIABLE account. Once you do so, the full balance will automatically be transferred to your linked KOMPAS BASIS account after the 31-day notice period.

Once the funds have been transferred to your KOMPAS BASIS account, you can withdraw the amount you need and deposit the remaining balance into a new KOMPAS VARIABLE account. This allows you to continue earning a variable interest rate on the portion of your savings that you do not wish to withdraw.

If you need access to your funds before the notice period has expired, you can contact our Customer Support team at support@kompasbank.dk. In the event of an early withdrawal, a reduction in interest (dekort) will be applied, and the funds will generally be available in your KOMPAS BASIS account the day after we receive your request.

You can read more about the current early withdrawal deduction (dekort) rate here.