We have made an example calculation that shows how a 45-year-old Premium Customer can save more than 2,000 euros a year with our customer benefits.
The customer has the Platinum package with a Nordea Platinum card, a Nordea Gold card, a current account and online banking credentials. The customer gets the package price, as they use Nordea Mobile and have their salary paid into their Nordea account.
Nordea Platinum includes travel insurance for trips in Finland and abroad, which means that the customer can cancel their previous travel insurance, which cost 120 euros per year. Thanks to the cashback benefit included with the Nordea Platinum and Nordea Gold cards, they’ll also earn 150 euros per year back when they spend an average of 1,667 euros per month on their credit card. As a Nordea Platinum holder, the customer is entitled to 6 free visits a year to Priority Pass lounges at airports and a Fast Track security check (the total value of the airport benefits is around 312 euros).
The customer lives in a single-family house and their If home insurance policy costs 500 euros per year. The customer has taken out a life insurance policy for 100,000 euros, a critical illness insurance policy for 50,000 euros and a permanent disability insurance policy for 50,000 euros.
They have a home loan and pay the premiums for their personal insurance policies in connection with their loan repayments. At the end of the year, they also change homes and take out a new home loan of 300,000 euros from Nordea.
Furthermore, the customer has a FlexiCredit of 10,000 euros and uses the Streamer service.
Example calculation: Premium Customer benefits in the first year| Customer benefit | Savings in one year | Premium Customer price per year |
| Platinum package with travel insurance and cashback, 6 free lounge visits a year and FastTrack benefit. | 829.15 euros | 71.88 euros |
| New home insurance from If, 25% off for the first 12 months | 125.00 euros | 375.00 euros |
| FlexiCredit with a lower margin | 558.34 euros | 258.45 euros |
| 20% discount on personal insurance for customers who have a loan from us | 198.51 euros | 791.92 euros |
| Home loan arrangement fee and transaction closing fee at a 50% discount | 635.00 euros | 635.00 euros |
| Streamer service at a 50% discount | 72.00 euros | 72.00 euros |
| Total | 2,418.00 euros | 2,204.25 euros |
- The discount on If home insurance policies applies to all Nordea customers. If insurance policies are provided by If P&C Insurance Ltd (publ), branch in Finland.
- The 20% discount on Nordea MyLife personal insurance policies applies to customers who have a loan from Nordea and pay their insurance premiums together with their loan instalment. The insurance policies are provided by Nordea Life Assurance Finland Ltd or Nordea Insurance Finland Ltd, for which Nordea Bank Abp acts as an agent.
- The home transaction in the example is completed digitally.
- The margin discount for FlexiCredit is calculated for the first 12 months. The example uses a loan amount of 10,000 euros, a monthly payment of 250 euros and a 3-month Euribor rate of 2.2%.
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