Time Deposit Account

• The minimum investment is 500 euros.
• You always know the interest paid on your Time Deposit Account in advance.
• You can choose your deposit period starting from one month.
• When you open the account, we agree on the interest which will remain fixed for the entire deposit period.
  
• The interest on the deposit follows market rates.
• The account is covered by the deposit guarantee scheme.

You might also be interested in our FlexiDeposit Account, which is an easy way to save for unexpected events in your everyday life. The FlexiDeposit Account is a continuous savings account that allows you to access your money whenever you need it.

Interest on a Time Deposit Account is determined by the deposit period and amount and will be fixed during the entire deposit period. 

Your interest yield depends on the length of the deposit period. Example: if the deposited amount is 20,000 euros and the annual interest rate is 3%, you will earn an interest of 50 euros for a 1-month deposit. A tax at source of 30% is charged on the interest.

Interest calculation

Interest is calculated from the date of deposit until maturity, excluding the maturity date, for actual calendar days.

Taxation

In Finland, the interest paid on Time Deposit Accounts is subject to tax-at-source.