Worth knowing about saving with kompasbank
Accounts and deposits
- You can open as many KOMPAS FAST and VARIABEL accounts as you like — each requiring a minimum deposit of 100,000 DKK.
- You can only have one KOMPAS BASIS account, which has no minimum deposit.
- The total balance across all your savings accounts (including BASIS) may not exceed 3,000,000 DKK.
- Deposits to FAST/VARIABEL are made as a single lump sum when opening the account (you have 10 days to transfer it). BASIS allows ongoing deposits with no limit.
- Your savings are covered by the deposit guarantee scheme up to 100,000 euros (approx. 750,000 DKK) per customer.
- To open an account, you need a Danish address and citizenship, plus MitID.
Interest
- See the current interest rates here.
- Interest is calculated daily and credited to the account at year-end (31 December) and/or upon maturity.
- Track your accrued interest anytime in Netbank under "Overview."
Fees
- No standing fees for holding a savings account.
- Exceptions: an early-withdrawal break fee ("dekort") on FAST/VARIABEL (rate depends on remaining term and interest rate), and 100 DKK per BASIS withdrawal beyond 5 free ones per month.
- See the current break-fee rates here.