Updated on 23 January 2020
Finland: This product is offered to Finnish residents only. When clicking on the product link you will be redirected to the product page in Finnish.
Time deposits accounts are interest-bearing deposit acoounts offering higher interest rates than savings accounts. However the money deposited to such account cannot be withdrawn for a specified period of time (term).
The table above shows essential details of selected time deposit products offered to retail customers by the banks in Finland: currency, interest rate per annum and deposit term. The time deposit accounts terms vary from 1 month to 10 years (120 months). The interest rates are within the range 0.20 - 2.50 %. The interest rates provided in the table do not take into account withholding tax levied on interest income in Finland.
Average Deposit Rates. In February 2019, average annual deposit interest rate in local currency (Euro) of new contracts with fixed term up to 1 year between credit institutions and retail customers (households) was 0.21 %.
Country Deposit Rating. Finland's Moodys country ceiling (the highest rating that can be assigned) for deposits in local currency is set to Aaa (prime).
Deposit Guarantee. Time deposit accounts made with credit institutions in Finland are covered by deposit guarantee scheme up to 100,000 EUR per depositor.
*) n/a interest rate indicates an interest rate negotiable
on a personal basis.
The data are provided by vertaaEnsin.fi.