PerkAccount

Terms and conditions

Terms and conditions on PerkAccountpdf - Opens new window

Nordea's general terms and conditions for euro-denominated payments transmitted within the Single Euro Payments Area are applied to the accountpdf - Opens new window

Nordea's general terms and conditions for outgoing and incoming currency paymentspdf - Opens new window

Interest rate of PerkAccount

The interest rate consists of the reference rate (Nordea Premier Interest Rate) and a margin deducted from it. The margin is determined based on the tiers below.

PerkAccount interest rate tiers

Deposit amount (€)	Reference rate (%)	Margin	Deposit interest rate (%)
0 - 9,999.99	2,15	2,00	0,40
10 000 - 49,999.99	2,15	1,60	0,55
50 000 - 99,999.99	2,15	1,00	1,15
100,000 or more	2,15	0,80	1,35

Read more about Nordea Premier, which serves as a reference rate

How are interest rate tiers applied?

Regardless of the value of the reference rate (Nordea Premier Interest Rate), the interest paid to the account will always be at least 0.40% but not more than 3.00%.

Interest is paid on the euro amount of the relevant interest rate tier, and when the deposit amount encompasses more than one tier, interest is paid according to more than one tier.

Example: If the reference rate (Nordea Premier Interest Rate) is 2.15%, the interest rate on the first tier is 0.40%, on the second tier 0.55%, on the third tier 1.15% and on the fourth tier 1.35%. If your deposit amount is 11,000 euros, you will earn 0.40% in interest (tier 1) on 9,999.99 euros and 0.55% in interest (tier 2) on the remaining amount.

When is the interest paid?

The annual deposit interest is paid once a year in January. The deposit interest is paid during January of the following year.

Fee Information Document / PerkAccountpdf - Opens new window