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Introducing AK Spar!

AK Spar has a new look, plus three new fixed term deposits* with durations of 12, 24 and 36 months!

Kick start your savings at AK Spar with a fixed or floating interest rate from the very first day, no matter what amount you deposit. This website will help you understand the process, your options, and—most importantly—the benefits of saving with us.

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PRA Group, Inc. —a publicly-traded (Nasdaq: PRAA) company employing over 4,000 people across the Americas and Europe is a global leader in purchasing and servicing debt. Founded in 1996, PRA Group has been focused on the highest levels of compliance with the laws and regulations that govern our industry. PRA Group is active in ten European countries and headquartered in Oslo, Norway.

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AK Spar is part of the financial services provider AK Nordic AB, founded in 1978 and a member company of PRA Group, Inc.  AK Nordic AB conducts deposit operations as well as acquisitions and management of credit portfolios. The company is a Swedish credit market company monitored by the Swedish Financial Supervisory Authority (Finansinspektionen).

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AK Spar is a registered subsidiary of the financial services provider AK Nordic AB, and is covered by the Swedish State deposit insurance that guarantees compensation of up to SEK 1 050,000 per customer in the event that AK Nordic AB declares bankruptcy.

More information about the deposit insurance is available on the Swedish National Debt Office website, www.riksgalden.se/en/Deposit_insurance/.

The link also includes a list of the institutions (e.g. banks and credit market companies) covered by the scheme. However, please note that the list of credit market companies only shows company names, not their acting subsidiaries. Since AK Spar is not a company name but a registered subsidiary of AK Nordic AB, only the latter of these is listed on the website.

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To open an account with AK Spar, simply log in using your electronic ID (“e-legitimation”)/BankID. Once you have answered a few questions and have entered your personal details, in most cases your account is all set to go. Click on “Apply for an account” on the right at the top.

You deposit funds in your account by making a transfer to our bank giro account number, 5005-6142, stating the OCR (reference) number for your account.

If you do not have electronic ID yet, the easiest way to get one is to contact your bank. More information about electronic ID (e-legitimation) is available at www.e-legitimation.se.

If you are already a AK Spar customer, you can log into your account by clicking on “Log in” on the right at the very top.

Unfortunately, we currently do not offer savings accounts for businesses.

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Current Fixed and Floating rate percentages:

Floating rate: XX%

Fixed 12-mo. rate*: XX%

Fixed 24-mo. rate*: XX%

Fixed 36-mo. rate*: XX%

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Feel secure in your savings with AK Spar.

Kick start your savings at AK Spar with a fixed or floating interest rate from the very first day, no matter what amount you deposit.

  • AK Spar, formally AK Spar, is part of the financial services provider AK Nordic AB, a member company of PRA Group, Inc.
  • Covered by the Swedish State deposit insurance scheme.
  • Your money is not tied up – you can withdraw funds when you need them.
  • You are free to decide how much you want to deposit in your savings account, and how often.
  • You can make an unlimited number of free withdrawals per calendar year.
  • You can transfer money to your registered transaction account whenever you want.
  • Your savings account is accessible online 24/7 – you can check your balance and recent transactions or withdraw/transfer funds whenever you like.

Account News

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Calculate your savings!

AK Spar offers competitive savings rates. Use this simple savings calculator to estimate your investment growth over time. Start saving to grow your money!

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Common questions

We’re here to help resolve any concerns you may have. Contact us

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You transfer funds to our bank giro account, 5005-6142. You state the OCR number for your PRA savings account, which allows us to identify you specifically as the person transferring the funds.

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It takes approx. 2-3 working days for the funds to appear in your account.

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We have chosen to always require a registered transaction account for your own security. This allows us to ensure that funds are always transferred to the right recipient and the right account.

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To change your registered transaction account, please send us a copy of a balance statement from your bank clearly showing the account number and stating you as the account holder, plus a copy of your photo ID, driver’s license or passport. Our customer services will then change the account number for you and inform you as soon as this has been completed.

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Simply log into AK Spar using your electronic ID (e-legitimation/BankID). You then go to Accounts and click on Withdraw funds, and choose the account you wish to withdraw from and the amount you wish to withdraw. The funds will be transferred to your registered transaction account.

AK Spar transfers funds daily, Mon-Fri, except public holidays. We process the transaction the day after you order the transfer, and the recipient receives the funds after approx. 2-3 working days.

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You can start saving with AK Spar as long as you have electronic ID (e-legitimation/BankID) and a Swedish bank account. Our customer services department will sign you up. In order to sign you up as a customer, we need a copy of some form of valid photo ID, and a bank statement showing that you are the holder of the account you wish to use as your registered transfer account. If you reside in the USA, we also need your TIN (tax identification no.) as stipulated in the Foreign Account Tax Compliance Act (FATCA). More information about FATCA is available further down in the FAQ section.



Contact us

If you have any questions about your savings account or our services, or would like to make a comment, please contact us.