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Can I close my savings account early, and what does it cost?

Yes, you can always close your savings account early. In return, you pay a deduction (dekort), which is an amount subtracted from the money paid out to you.

What does it cost?

The deduction rate is based on the remaining term and the interest rate on your savings. See the current deduction rates here, and read more about what a savings account costs.

How to close your KOMPAS VARIABLE early

You can close your KOMPAS VARIABLE without a deduction by giving 31 days’ notice. If you need the money before the 31 days have passed, you pay a deduction. Read how to withdraw from KOMPAS VARIABLE.

How to close your KOMPAS FAST early

  1. Click “Opsig” (Close) next to your KOMPAS FAST account in online banking.
  2. You can now see how much you have to pay in deduction.
  3. If you accept, the amount is transferred to your KOMPAS BASIS account. From there, you can transfer the money to your NemKonto.

If you have questions about closing your account, write to support@kompasbank.dk.