SBAB Reduces Savings Rate for Private Customers by 0.15 Points

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SBAB Reduces Savings Rate for Private Customers by 0.15 Points
Photo: Janerik Henriksson/TT

The state-owned SBAB is lowering the variable savings rate for private customers by 0.15 percentage points, according to a press release.

The new rate will be 1.85 percent. The change will take effect on May 26.

"The bank's aim is to have a consistency between mortgage rates, savings rates, and borrowing costs, taking into account the competitive situation," SBAB writes about the reduction.

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By TTEnglish edition by Sweden Herald, adapted for our readers

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