Consumer Council files mass lawsuit against Nordea over low deposit account interest

The Norwegian Consumer Council has initiated a class-action suit against Nordea, claiming the bank offered deposit accounts with near-zero interest to tenants. The council argues that the interest rates on these accounts were several percentage points lower than those on Nordea's regular savings products, causing renters to lose significant earnings over multiple years. The claim covers thousands of deposit accounts, with total balances amounting to hundreds of millions of kroner.

The council seeks to recover the shortfall for affected customers, which could range from modest to larger sums per individual. Nordea has previously denied the accusations in a response to an earlier notice of the lawsuit and has not provided a comment on one outlet case.