Tax on Savings
Lithuanian non-resident tax
We operate under our Lithuanian banking entity, which requires us to withhold tax on your savings interest and report it to the Lithuanian tax authorities. You may also be required to pay taxes in your country of tax residence.
The deductible tax needs to reach €0.01 (equivalent to DKK0.07 as of June 2025) before we begin withholding this tax. In cases where it's less than this amount, we'll continue to accrue your interest until it reaches €0.01 (DKK0.07) - at which point it's deducted from your next interest payment.
As a result, the tax rate for each interest payment may be different. To see the tax withheld on your total interest payments, you can use your combined savings statements. Read this FAQ to learn how to calculate interest and tax on Instant Access Savings.
Personal tax responsibility
If you have any questions regarding your tax responsibilities, you should seek independent advice from a professional tax adviser.
Instant Access Savings statement
To access your Savings account statement in-app:
- Go to your Instant Access Savings account
- Tap 'More' (...)
- Tap 'Statement'
- Choose the time period you wish to generate a statement for
- Tap 'Generate'
The statement will include deposits, withdrawals, interest paid, and taxes withheld.