The bank states higher borrowing costs as a reason for the increase.
“Long-term interest rates have moved upwards recently, which means that we need to adjust mortgage interest rates with longer fixed periods. At the same time, we are raising the savings rate for those who tie up the money for a little longer,” says SBAB CEO Mikael Inglander in a press release.
All interest rates with a fixed term of between one and ten years will be increased.
The list interest rate for a loan with a one-year commitment period is increased by 0.05 percentage points to 3.52 percent, while the three-year interest rate is increased by 0.15 percentage points to 3.58 percent.
The variable interest rate is 3.62 percent.