Flexible savings account
without monthly fees
A Klarna savings account gives you 3.22% APY¹ on every dollar you save.
No account fees, no minimum amount.
Open savings account:
Representative interest earnings.
Grow your money with compound interest
Whether you are saving for vacation or a rainy day fund—set aside your money in up to 3 savings accounts. Interest is paid out monthly. Each month’s payout boosts your balance, making your money grow faster with compound interest.
How to open a savings account
Open your account in minutes in the app, and manage your money safely.
Open Klarna balance
Set up a savings account
Let your interest grow
Boost interest with a membership
Sign up for a membership² in the app and earn more interest on your savings, on top of our competitive rates.
Frequently asked questions
Questions on the savings account? Find your answers below. For any further help or troubleshooting, please contact customer service.
You can deposit and withdraw money at any time without fees, while still earning interest at a competitive rate. There is no minimum balance requirement, and you can make unlimited withdrawals, giving you full access to your savings whenever you need.
Good to know:
You need a Klarna balance to open a savings account.
The interest rate may change.
No, there are no monthly or annual account fees for this account.
The interest on your savings account will be compounded and credited on a monthly basis and posted to your account on the 1st day of every month. If you close your account before interest is credited, you will not receive the accrued interest.
The daily balance method is used to calculate interest on your account. This method applies a daily periodic rate to the principal in the account each day. A daily rate of 1/365 or 366 of the interest rate is used, depending on the number of days in the calendar year.
Interest will begin to accrue no later than the next Business Day following the Business Day on which your funds were received in your account.
You can open multiple savings accounts over time, but you may only have up to three open at the same time.
You can add money to your savings account by transferring funds directly from your Klarna balance account in the Klarna app or by making an ACH transfer from your external account to your savings account. We also accept Direct Deposit transfers.
You can find the account number for your savings account by following these steps:
- 1.
Go to Wallet
- 2.
Tap on the savings account to which you would like to add funds
- 3.
Click on the Settings icon on the top right corner—you should see here the account number for that particular account
You can make withdrawals from your savings account by either transferring funds to your Klarna balance or by ACH debit.
You can find the account number for your savings account by following these steps:
- 1.
Go to Wallet
- 2.
Tap on the savings account you are interested in
- 3.
Click on the Settings icon on the top right corner—you should see here the account number for that particular account
Yes, deposits in your savings account are held at WebBank, Member FDIC¹. Klarna is not an FDIC-insured bank and deposit insurance only covers the failure of WebBank. Your deposits in the savings account are eligible for pass-through deposit insurance coverage if certain conditions are satisfied
You can earn a higher annual percentage yield (APY) by joining Klarna’s membership program. Once you become a member, your boosted rate will be applied automatically to your savings account(s). You can view the current APY for each membership tier in the app.
The higher APY applies to a combined balance of up to $50,000 across all your savings accounts. Balances above this amount will earn the standard base interest rate.
Start saving with Klarna
Open a savings account in minutes through the app, with no sign-up fees or minimum deposits. Earn competitive interest while keeping your money safe.
Get started:
¹ Annual Percentage Yield (APY) accurate as of 5/18/26 and subject to change. Membership required to receive and maintain APY boost. Membership APY Boost only applies to balances up to $50,000. Excess balances earn the base interest rate. Fees may reduce earnings. Deposits in your savings account are held at WebBank, Member FDIC. Klarna is not an FDIC-insured bank and deposit insurance only covers the failure of WebBank. Your deposits in the savings account are eligible for pass-through deposit insurance coverage if certain conditions are satisfied. See Account disclosures for current rates.
² Klarna Membership offered in partnership with WebBank for a monthly fee. Cancel any time in the App. Exclusions, conditions, and limitations apply to membership benefits. Klarna Membership Terms apply.