By saving in a savings account you keep your savings safe from market changes and with large availability. An e-sparkonto can be opened and managed in the Internetbank or App. Fasträntekonto and Sparkapitalkonto are other examples of accounts that you open together with an advisor.
A fund is a collection of securities, bonds and/or shares that you own together with all others who save in the same fund. The fund is managed by designated fund managers who work to make your investment grow. A fund containing shares is considered to have higher risk but also gives the opportunity for higher returns. Funds can be stored inside an ISK (Investment savings account), allowing for convenient and favourable handling of taxes.