4–4.5%
Historical return in liquidity funds
2.75%
Typical savings interest rate in Norwegian banks today
0.4%
NOON’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
Bank account
2.75%
Typical interest rate at major banks today
✓ Money always available
✓ Deposit guarantee up to NOK 2 million
✗ Low interest — struggles against inflation
✗ Interest is taxed every single year
✗ No compound interest advantage
✗ No active management
NOON LIQUIDITY ACCOUNT
Your liquidity account
4–4.5%
Historical return in selected liquidity funds
✓ Available within 2–3 banking days
✓ Very low risk profile — professionally selected
✓ Higher returns
✓ Tax only upon withdrawal (new rule from 2026)
✓ Strong compound interest effect over time
✓ Active portfolio management by Stavanger Asset Management
Compound interest
Interest that earns interest
Imagine you deposit NOK 500,000. After one year, you’ve earned some interest. The next year, you earn interest on that interest too — and it continues like that, year after year.
The problem with a regular savings account is that you pay tax on the interest every single year. Money that should keep working for you instead goes to the tax authorities.
In a liquidity fund — with the new tax rules from 2026 — you don’t pay tax until you actually withdraw the money. All the interest remains invested and continues working for you the entire time.
On NOK 500,000 over 10 years, the combined effect of higher returns and the tax advantage can amount to hundreds of thousands of kroner extra in your pocket.
You don’t pay tax
until you withdraw the money
From 2026, a highly favorable rule applies: returns from bond funds are not taxed on an ongoing basis. You decide when the tax is due — and that changes everything.
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.
NOON 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.
Q & A
What you’re wondering about
What is a liquidity fund, really?
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.
Is my money safe?
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.
Can returns become negative?
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.
Can I withdraw my money whenever I want?
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.
What does NOON do — can’t I just buy a fund myself?
You can — but NOON 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.
What does the new tax rule from 2026 mean in practice?
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.
WHAT IS AN INDEX FUND?
How it works
Four steps — that’s all
01
You tell us
How much liquid capital you want to invest, and your time horizon.
02
We analyze
We select the optimal combination of liquidity funds tailored to your situation and risk appetite.
03
Your money gets to work
You approve the mandate, and the funds are invested. From then on, they continuously work for you.
04
You stay in control
Through our portal, you can track returns, portfolio, and performance. Withdraw whenever you want — it’s your money.
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.
NOON Invest AS is supervised by the Norwegian Financial Supervisory Authority (Finanstilsynet).