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DNB is the first major bank to raise its rates. Nordea is the next bank on the list. The decision comes after Norges Bank raised interest rates to 3,25% on Thursday.
DNB increases interest rates for deposits and mortgages by up to 0,25 percentage points. Therefore, DNB is the first major bank to raise lending rates after Norges Bank raised interest rates on Thursday.
Nordea is another major bank that is raising lending rates for mortgages and deposits by up to 0,25 percentage points, as is DNB.
We have decided to raise interest rates for mortgage loans and deposits as a result of Norges Bank's new interest rate increases," said Randi Marjamaa, managing director for the retail market at Nordea Norge.
The new interest rates for existing loans will apply from June 20, 2023, the bank said in a press release.
DNB was the first of the big banks Here are the interest rate changes for deposit accounts, according to communications director Vibeke Hansen Lewin at DNB:
The interest rate on BSU will increase by 0,25 percentage points. The children's savings account will increase by 0,25 percentage points. The Plus savings account (above SEK 500) will increase by 000 percentage points. An ordinary savings account (up to SEK 0,25) will increase by 500 percentage points. Superspar will increase by 000 percentage points. “The magnitude of the increase in interest rates varies from product to product. We adapt to the competition in the market and we see that these prices hold up well,” says Lewin. "Many people have not yet understood how strong this interest rate hike is."
The new interest rates will apply from May 12 for new mortgages and from May 11 for new deposits, and from June 22 for existing mortgages and deposits.
