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What is an equity savings account?

An equity savings account is an account designed for investing in equities. With an equity savings account, you can trade in the shares of both Finnish and foreign listed companies without having to pay taxes immediately. 

Taxes on returns and dividends are deferred on an equity savings account, which means you can reinvest your returns and dividends in full. This enables you to reap the full benefits of compound interest.

  • You can only have one equity savings account at a time. In practice, this means you can only open the account with one bank. 
  • The equity savings account is only intended for trading in shares, so you can’t use it to trade in exchange-traded funds (ETFs), for example. You also can’t transfer shares that you already own to the account.
  • You can deposit amounts that suit you best, up to 100,000 euros, at your preferred pace. However, the value of your total holdings may end up being higher than 100,000 euros, as this limit does not account for any increase in value and dividends you may receive. 

Information about custody fees for an equity savings account

No custody fees are charged for an equity savings account if:

  • you are under 30 years old
  • you have executed at least one transaction for which you paid a fee in the previous quarter using your equity savings account or book-entry account
  • your equity savings account is empty

Equity savings account suits long-term investors

The equity savings account is an easy solution intended for anyone interested in investing in equities. It is particularly well-suited to long-term investors who want to update their portfolios every now and then and reinvest any returns and dividends. By reinvesting the returns and adding them to the invested capital, you are able to reap the full benefits of compound interest. 

Compared to a traditional book-entry account, the equity savings account makes it possible to make more efficient use of compound interest and boost the performance of the account. Initially, the benefit may seem small, but it will become more pronounced each year.

Benefits of opening an equity savings account with Nordea

  • Always affordable brokerage fees – no need to worry about expiring fee campaigns
  • Monthly Equity Savings Day
  • Weekly report by Nordea’s investment strategists
  • Free morning report by Nordea Markets for Premium and Private Banking Customers
  • Kauppalehti news 
  • More than 20 marketplaces in Europe and North America
  • Real-time prices from the Helsinki, Stockholm, Copenhagen and Oslo stock exchanges, one bidding level, with a snapshot update
  • Five bidding levels can be separately activated free of charge from the Helsinki, Stockholm and Copenhagen stock exchanges, with a snapshot update
  • Additional services are available through a separate order, such as real-time prices from the US and company analyses by Nordea Markets 

Equity savings account

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Book-entry account

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Opening an equity savings account

For Nordea customers
For new customers
Transferring your equity savings account to Nordea

Equity Savings Day

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Every month, on Equity Savings Day, you can trade in shares on a selected stock exchange for a maximum brokerage fee of 1 euro per trade. The fee discount applies to all orders involving an equity savings account or a book-entry account made in our self-service channels. 

See the dates and selected stock exchanges for Equity Savings Days

Trading service

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To be able to use your equity savings account for trading, you must have a trading service. The trading service is free of charge and you can adjust it to your needs by supplementing it with a range of services that are subject to a fee.

Read more about the trading service and the additional services

Open an Equity savings account

Opening an equity savings account online is easy – all you need is online banking codes.

Log in to Nordea Investor

Frequently asked questions about the equity savings account

About the Equity savings account
Prices
Terms

Equity savings account and investing in equities

  • You can only have one equity savings account at a time. In practice, this means you can only open the account with one bank. 
  • The equity savings account is only intended for trading in shares, so you can’t use it to trade in exchange-traded funds (ETFs), for example. You also can’t transfer shares that you already own to the account.
  • You can deposit amounts that suit you best, up to 100,000 euros, at your preferred pace. However, the value of your total holdings may end up being higher than 100,000 euros, as this limit does not account for any increase in value and dividends you may receive.
  • To transfer money to or from your equity savings account, log in to Nordea Mobile or Netbank and select ‘Savings and investments’. Select your equity savings account and then either a deposit or withdrawal.
  • The profit from your equity savings account is only taxed when you withdraw money from the account. When you withdraw money from your equity savings account, you will withdraw an amount of capital and profit in the same proportion as the amount of capital and profit on your account. Any profit you withdraw is taxable capital income and the tax, which is currently 30% of the profit, will be withheld. This profit includes dividends, which are also fully taxed at the same rate. In contrast, on a book-entry account only 85% of dividends are taxed.
  • If your equity savings account incurs a loss, you can only deduct the loss in taxation when you close the account. This means that you would need to sell all your holdings and withdraw the funds from your equity savings account.

Open an Equity savings account

Opening an equity savings account online is easy – all you need is online banking codes.

Log in to Nordea Investor

Need help?

Personal customers