Ålandsbanken's Swedish variable mortgage leapt to 3.04%, February 2026
Ålandsbanken's average variable rate rose 0.49 percentage points to 3.04% in February 2026. Skandia took over first place at 2.55%.
Ålandsbanken's average variable mortgage rate ("rörlig snittränta") rose 0.49 percentage points to 3.04% in February 2026. In January 2026, Ålandsbanken had the lowest average variable rate. Skandia was now lowest at 2.55%. Skandia's and the other banks' rates are on the current mortgage rates page.
Variable rate, 3 months
Second place for variable mortgages was shared by Avanza, Danske Bank and Landshypotek Bank at 2.57%. Danske Bank had reported 2.58% in January 2026. The median bank rate was 2.65%, up from 2.63% in January. Savings banks ("sparbanker") and margin lenders ("marginallångivare") are excluded from the median.
| Rank | Bank | Average rate |
|---|---|---|
| 1 |  Skandia |
2.55% |
| 2 |  Avanza |
2.57% |
| 2 |  Danske Bank |
2.57% |
| 2 |  Landshypotek Bank |
2.57% |
Fixed rate, 1 year
At an unchanged 2.44%, JAK Medlemsbank's one-year average was still the lowest. Danske Bank was second at 2.53%, down 0.26 percentage points from January 2026.
| Rank | Bank | Average rate |
|---|---|---|
| 1 |  JAK Medlemsbank |
2.44% |
| 2 | Danske Bank |
2.53% |
| 3 |  Sparbanken Mälardalen |
2.58% |
Fixed rate, 3 years
For three-year fixes, Swedbank's average was 2.77%, down 0.10 percentage points from January 2026. Swedbank was second. Sparbanken Mälardalen's average was 2.74%, compared with 2.88% in January.
| Rank | Bank | Average rate |
|---|---|---|
| 1 | Sparbanken Mälardalen |
2.74% |
| 2 |  Swedbank |
2.77% |
| 3 |  SEB |
2.88% |
Highest average rates
The highest average variable rate was Ekobanken's 3.33%, down 0.09 percentage points from January 2026. Ikano Bank's three-year average rose 0.24 percentage points to 3.39%, the highest for that rate period.
Variable rate, 3 months
| Rank | Bank | Average rate |
|---|---|---|
| 1 |  Ekobanken |
3.33% |
| 2 | JAK Medlemsbank |
3.26% |
| 3 |  Ålandsbanken |
3.04% |
Fixed rate, 1 year
| Rank | Bank | Average rate |
|---|---|---|
| 1 |  Hypoteket |
2.97% |
| 2 |  Nordea |
2.88% |
| 3 |  Sparbanken Syd |
2.87% |
Fixed rate, 3 years
| Rank | Bank | Average rate |
|---|---|---|
| 1 |  Ikano Bank |
3.39% |
| 2 |  Länsförsäkringar |
3.19% |
| 3 |  Nordnet |
3.11% |
| 3 |  Stabelo |
3.11% |
Margin lenders
For three-month mortgages, Nordax Bank's average was 4.69%, Svea Bank's 5.67% and Marginalen Bank's 5.75%. For the same rate period, 60plusbanken reported 6.05%, Northmill Bank 6.09% and Bluestep Bank 6.36%.
For fixed-rate periods, Bluestep Bank reported 6.53% for one year, with three-year and five-year averages of 6.86% and 6.38%. Margin lenders use credit assessments to set each customer's rate, so their averages are not comparable with bank averages and are not ranked.
The average rate is the figure each bank reports for its mortgages with a given fixed-rate period during the month. It does not show the rate you would get, which depends on factors such as your loan-to-value ratio and income. Bolån Radar collects the figures from the banks' websites and cannot guarantee that they are complete or correct. This article is not advice on loans or fixed-rate periods.