Norwegian banks offer about 2.75% on savings accounts. We invest liquid funds in carefully selected funds — with a historical return of 4–4.5%. Safe, accessible, and simple.
Historical return in liquidity funds
Typical savings interest rate in Norwegian banks today
SAM’s management fee
Equivalent accessibility.
Better returns
Your money is available when you need it — you’re not taking unnecessary risk. You simply get much more out of your money.
STANDARD SAVINGS ACCOUNT
SAM LIQUIDITY ACCOUNT
Illustrative calculation. 2.75% bank interest (22% tax paid annually) versus 4.2% SAM net return after fees with tax-deferred compounding. Past performance is not a guarantee of future results.
Bank savings account — as it has always been
If you earn NOK 15,000 in interest this year, you pay tax on that money the same year. The money is out of the interest cycle forever.
It’s like picking apples from the tree every year and eating half of them immediately
— the tree never grows to its full size.All interest income is taxed continuously
— every single year, without exception.
SAM Liquidity Account — new rule from 2026
Your interest remains in the fund and continues to earn interest. You don’t pay tax until you actually choose to withdraw money.
It’s like letting all the apples grow on the tree until it’s full — and then harvesting everything at once, on your own terms.Tax is deferred until withdrawal. All interest works for you — all the way until you want to access it.
A liquidity fund is a fund that invests in short-term, low-risk fixed-income securities — typically loans to solid banks, municipalities, and large companies with very short maturities. It’s not an equity fund. Its value does not fluctuate with the stock market. Think of it as a well-managed place where your money continuously earns solid interest, without you having to do anything at all.
Liquidity funds have a well-documented and very low risk profile. They are not bank deposits and are not covered by the government deposit guarantee, but the risk of loss in a well-diversified, high-quality liquidity fund has historically been very low. Still, it’s important to understand that all investments carry some level of risk — there is no such thing as a completely risk-free investment.
In theory, yes — if market interest rates rise quickly, the price of the bonds in the fund may temporarily fall (interest rates and prices move in opposite directions). A company in the portfolio could also default on its debt. In practice, this is very rare for well-diversified, high-quality liquidity funds with short maturities. The risk is fundamentally different — and much lower — than in equity or bond funds. A bank account, on the other hand, can have negative real returns after inflation, even if the nominal balance never decreases.
Yes. Liquidity funds are specifically designed for quick access to your funds. Withdrawals typically take 2–3 banking days. This is slightly longer than transferring money between bank accounts, but not something that meaningfully affects your day-to-day life.
You can — but SAM performs thorough analysis and builds a portfolio of the best liquidity funds based on interest rates, credit quality, diversification, and costs. In other words, you don’t just get a single fund, but a carefully constructed combination optimized for risk-adjusted returns. The portfolio is continuously monitored and rebalanced, for a management fee of just 0.4% per year.
Starting from the 2026 tax year, returns from fixed-income funds (including liquidity funds) will no longer be taxed annually. Instead, tax is calculated and paid only when you realize gains — meaning when you withdraw money from the fund. This creates a powerful compounding effect, because the full return remains invested and work for you until you choose to withdraw it. The rule has been adopted by the Norwegian parliament and takes effect from 2026.
Annual management fee — all inclusive.
No hidden fees. No lock-in period. No surprises.
Important Information: Past performance is not a guarantee of future returns. Investments in funds involve risk, including the possible loss of invested capital. Liquidity funds are not bank deposits and are not covered by the Norwegian deposit guarantee scheme. The government deposit guarantee covers bank deposits up to NOK 2 million per depositor per bank.The information on this page is general in nature and should not be considered individual investment advice. Information about tax rules is general and may change; consult a tax advisor for your specific situation. Interest rate figures are illustrative and based on historical observations — they do not indicate guaranteed future returns. SAM is supervised by the Norwegian Financial Supervisory Authority (Finanstilsynet).
