FöreningsSparbanken doubles interest paid

FöreningsSparbanken doubles interest paid FöreningsSparbanken (Swedbank) has decided to double the interest it pays holders of its Privatkonto ("Private Account") from 1.75% to 3.50% on balances up to SEK 15.000. The Privatkonto is the type of account that most FöreningsSparbanken customers with bank cards use as salary- deposit or pension-deposit accounts. "We know that many customers find the interest paid on their salary- deposit accounts is too low. Therefore we increase the interest paid on the Privatkonto. Most of our customers use the Privatkonto for their everyday financial transactions. By increasing the interest we pay on those accounts we further enhance our offer to the great number of our customers", says Birgitta Johansson-Hedberg, President and CEO at FöreningsSparbanken. The new, higher, interest rate is effective from Tuesday 22 May 2001. All customers having regular income-deposits made into a Swedbank account, holding a valid bank/charge card and authorized to use giro and/or Internet payment systems can use Privatkonto. For further information: Ingrid Persson, Executive Vice President and Head of Retail, Phone: +46 8 5859 2710 Einar Frydén, Acting Press Relations Manager, Swedbank Phones: +46 8 5859 1630 or +46 7051 10033 E-mail: einar.fryden@foreningssparbanken.se ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2001/05/17/20010517BIT00250/bit0002.doc http://www.bit.se/bitonline/2001/05/17/20010517BIT00250/bit0002.pdf