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Nykredit review

Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026

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Our verdict

Nykredit pairs a free housing savings account with a variable rate and no monthly fee, which suits savers in Denmark building a deposit for a home. Money sits in easy access, and holdings sit within EU DGS up to EUR 100,000.

Key facts

Best for
Danish savers putting money aside for a home at no monthly cost
Monthly fee
DKK 0↗
Card type
Debit↗
Card network
Mastercard↗
Legal entity
Nykredit Bank A/S↗
Headquarters
Denmark↗
Founded
1985↗
Support channels
Phone, Chat, Help-centre, Community↗
Official website
nykredit.dk

Savings

Headline rate
5%↗
Rate type
Variable↗
Minimum deposit
DKK 0↗
Deposit protection
EU DGS up to EUR 100,000↗
Access terms
Withdraw freely at any time via mitNykredit online and mobile banking; no expiry date↗
Account kind
Easy access↗
Pricing model
No monthly fee

Mortgages

Fixed period
1 to 30 years↗
Maximum loan to value
75%↗
Purpose
Purchase, Remortgage, Equity-release↗

Credit cards

Card kind
Credit↗

Facts checked September 26, 2026, 9 sources

Apps and profiles

Elsewhere
Wikidata

Pros and cons

Pros

  • No monthly account fee of DKK 0 on the housing savings account
  • A variable rate of 5%, above the site median of 3%
  • Savings can be withdrawn whenever you like, with no expiry date on the account
  • Holdings sit within EU DGS up to EUR 100,000

Cons

  • The rate is variable, so what you earn can move instead of staying fixed
  • The account is easy access with no fixed term, so there is no period to lock the rate for
  • Support runs on phone, chat and help centre
Nykredit

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Scored 9.5 / 10 by SumCue.

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Who it suits

  • People in Denmark saving towards a home purchase
  • Danish borrowers remortgaging or releasing equity
  • Savers who want easy access to their housing savings

Who should look elsewhere

  • Savers who need a fixed rate locked in for a set period
  • Anyone wanting a cash savings account with a guaranteed return
  • Savers outside Denmark who need a market in their own currency

Rates and card terms

The housing savings account pays a headline rate of 5% on a variable basis, so what you earn can rise and fall with the market. There is no monthly account fee, and the minimum deposit is DKK 0, so you can start small and top up as your housing fund grows. Access is easy access: money comes out whenever you need it and the account carries no expiry date.

The company behind it

Nykredit trades as Nykredit Bank A/S, is headquartered in Denmark and was founded in 1985. It is a mortgage lender as much as a savings host, which shapes what the account is for: it is built around housing, and the wider product range runs to home purchase, remortgaging and equity release. You can reach the business on phone, chat and help centre.

How Nykredit compares

Frequently asked questions

What rate does the Nykredit housing savings account pay?+

The headline rate is 5% and it is a variable rate, which means it can change. That is the trade-off here: a competitive headline number without the certainty of a fixed deal. The site median sits at 3%, so the account ranks above the middle of the field on headline rate.

Is there a monthly fee on the account?+

No. The monthly fee is DKK 0, and the account runs with no monthly fee as its standard model. You can hold a small balance without it costing anything each month, which suits savers who build up a housing deposit gradually.

How much do I need to deposit to open it?+

The minimum deposit is DKK 0, so you can start with a small amount rather than a lump sum. It is an easy access account, so you can add money over time and still take it out when you need it for a home purchase.

Can I get my money out when I want?+

Yes. Withdrawals are free at any time through mitNykredit online and mobile banking, and the account has no expiry date. The account is classed as easy access, so there is no notice period or fixed term to wait out before you reach your housing savings.

Is my money protected?+

Your deposits sit within EU DGS up to EUR 100,000. That gives a named ceiling on how much the EU deposit guarantee scheme covers, so it is worth checking how much you hold against that limit, particularly if you are building a large home deposit.

What kind of card comes with Nykredit?+

Nykredit offers a debit card on the mastercard network and a credit card alongside it. Daily spending draws on the current account balance rather than borrowing, while the credit card is a separate arrangement for those who want to pay down later.

Can I borrow against my home through the same company?+

Yes. Nykredit's lending covers purchase, remortgage and equity release, and its fixed rate loans run for a fixed period of 1 to 30 years with a maximum loan to value of 75%. Borrowing is arranged with the same bank that holds your savings, which can make it easier to speak to one contact about both sides.

How do I get help if something is wrong?+

Support runs on phone, chat and help centre, so you can pick whichever suits the problem. A phone line handles anything urgent about an account, while the help centre covers questions you can work through yourself.

Sources

Compiled from 9 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Currency conversion fee, Free ATM withdrawals, Protection.

Nykredit

Nykredit

Danish savers putting money aside for a home at no monthly cost

9.5/10See alternatives