We have made an example calculation that shows how a 25-year-old customer can save more than 300 euros per year with our customer benefits.
The customer has the Gold package, which includes a Nordea Gold card for students and a Nordea Debit card, as well as a current account and online banking credentials. The customer gets the package price, as they use Nordea Mobile and their student financial aid is paid to an account with Nordea.
Nordea Gold includes travel insurance for trips abroad, which means that the customer can cancel their previous travel insurance, which cost 80 euros per year. Thanks to the cashback benefit included with the Nordea Gold card, they’ll also earn 30 euros per year back when they spend an average of 500 euros per month on their credit card.
The customer lives in a block of flats and their If home insurance costs 100 euros per year. They have also opened a rental security deposit account with Nordea for their rented home.
The customer has a student loan with Nordea, which gives them a 15% discount on Nordea’s personal insurance policies. They have taken out critical illness insurance for 50,000 euros. When taking out a student loan, they started investing in a fund and received a fund savings gift as a result.
In addition, they have invested 10,000 euros in unit-linked insurance and have an equity savings account.
Example calculation: Benefits for 18 to 27-year-olds in the first year| Customer benefit | Savings in one year | Price for young adults per year |
| Gold package with travel insurance and cashback | 248.96 euros | 11.88 euros |
| New home insurance from If, 25% off for the first 12 months/first insurance period | 25.00 euros | 75.00 euros |
| A rental security deposit account with no opening fee | 30.00 euros | 0.00 euros |
| 15% off personal insurance | 16.81 euros | 93.43 euros |
| A fund savings gift in connection with a student loan | 20.00 euros | 0.00 euros |
| 50% off the management fees of a unit-linked insurance policy | 20.00 euros | 20.00 euros |
| No custody fees for equity savings account and book-entry account | 29.40 euros | 0.00 euros |
| Total | 390.17 euros | 200.31 euros |
- The price shown in brackets in the table is the customer’s annual cost for the services, based on our standard service tariff.
- 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 15% discount on Nordea MyLife personal insurance policies applies to customers who have a loan with Nordea. For other Nordea customers, the discount is 10%. The insurance policies are provided by Nordea Life Assurance Finland Ltd or Nordea Insurance Finland Ltd.
- Our unit-linked insurance policies are issued by Nordea Life Assurance Finland Ltd.
- Nordea Bank Abp acts as an agent for Nordea Life Assurance Finland Ltd, Nordea Insurance Finland Ltd and If P&C Insurance Ltd (publ), branch in Finland.
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