The FlexiDeposit Account consists of consecutive FlexiDeposit periods. The first FlexiDeposit period starts when the account agreement has been concluded and the funds have been deposited in the account.
Each FlexiDeposit period always starts on the next day after the previous FlexiDeposit period has ended.
Determination of interest
The deposit interest rate, the duration of a FlexiDeposit period and the minimum and maximum deposit amounts on which deposit interest will be paid are determined separately for each FlexiDeposit period. The interest rate is determined by the market.
Interest calculation method and payment
The deposit interest is calculated on the lowest balance of each FlexiDeposit period and it will be paid to the FlexiDeposit Account on the day after the FlexiDeposit period has ended.
The deposit interest paid on the account is subject to tax-at-source in Finland.