Nordea cuts fixed interest rates on long-term loans

Nordea lowers interest rates financial support wage growthNordea Bank. Photo: Wikimedia Commons

Nordea cuts interest rates by 0.25 percentage points for loans with a ten-year maturity. The background is the development in long-term interest rates.

Interest rates on loans with a five-year maturity are also cut, by 0.1 percentage points.

“Fixed interest rates should reflect what the market believes about the floating interest rate during the bond period. We have now seen a fall in the market on interest rates in the future, and this gives us the opportunity to lower our fixed interest rates,” says John Sætre, head of the retail market in Nordea.

The best interest rate for UNG and Premium customers will now be 2.65 percent with a three-year bond, 2.7 percent with a five-year bond and 2.9 percent with a ten-year bond.

© NTB Scanpix / #Norway Today

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