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InterestExtra Account

The product is not for sale. If you want saving to be flexible and easy, an InterestExtra Account is perfect for you. You will also accrue higher interest on your savings. Interest is determined for each offered period based on the market situation. You can use your savings in your InterestExtra Account whenever the need arises.

InterestExtra Account will change to a PerkAccount as of 1 April 2022.

As of 1 April 2022, all InterestExtra Accounts with a balance will change to PerkAccounts, and InterestExtra Accounts with no balance will be terminated. We have sent a letter about this change to all account holders with a valid InterestExtra Account as at 30 November 2021.

Changes to InterestExtra Account as of 1 December 2020

We are revising and simplifying our account selection. Therefore the InterestExtra Account intended for our personal customers will be removed from our offering. For this reason, InterestExtra periods will no longer revolve automatically after 1 December 2020. At the same time, InterestExtra Accounts with zero account balance will be closed. We also sent letters explaining the changes to our customers in September.

Your benefits

  • You can start saving with 500 euros.
  • With this account, saving is easy and convenient.
  • You can use your savings in your InterestExtra Account whenever you need them.
  • An InterestExtra account is a safe saving alternative.
  • Your account is covered by the deposit guarantee.

Interest is determined for each offered period based on the situation in the fixed income markets.
The deposit period consists of a sales period and an InterestExtra period. 

Interest for the sales period

Interest is fixed at 0.00%. Interest is calculated on the lowest balance of the month by calendar month. No interest is paid for the account's opening and termination month if the funds have not been in the account for the entire opening or termination month.

Interest for the InterestExtra period

Interest for each InterestExtra period is determined in advance at the beginning of the sales period. Interest is fixed for the entire 12-month period and it is paid on the lowest balance of the InterestExtra period according to calendar days. 

Interest is paid on the savings that are in the account no later than on the last day of the sales period. After the 12-month InterestExtra period, the account continues automatically with the sales period interest. The interest rate for the possible following InterestExtra period is determined during the sales period. You can make deposits exceeding the maximum amount determined for the InterestExtra period; the exceeding amount is paid interest according to interest during the sales period.

Impact of withdrawals on interest calculation

You can withdraw funds from your InterestExtra account without expenses at any time whenever the need arises. The funds withdrawn during the ongoing 12-month InterestExtra period do not accrue interest from the start date of the InterestExtra period to the withdrawal date.

A withdrawal decreases the interest rate agreed at the beginning of the interest period by 1/12. The deduction of the interest rate is made only once in a calendar month irrespective of the number of withdrawals made in that calendar month. The decreased interest rate is paid on the remaining capital from the beginning of the InterestExtra period.

The deduction of the interest rate is equal in size during different calendar months. The deduction is calculated of the original interest rate determined at the beginning of each InterestExtra period. Withdrawals can be made at Nordea branches. You can make credit transfers from your InterestExtra Account with your access codes in Netbank or through Mobile Bank, which can be downloaded to a mobile device..

Taxation

In Finland, deposit interest paid on accounts is subject to tax-at-source.

Terms and conditions

Prices