Equity savings account: comparison, costs and taxation

Updated

In October 2026 the equity savings account is offered by Nordnet, OP, Danske Bank, Nordea and Ålandsbanken. The monthly account fee is Nordnet €0.00, OP €0.00, Danske Bank €2.00, Nordea €2.45 and Ålandsbanken €4.00. Cheapest for an occasional trader: €60.00/year: OP, Säästäjä package, note: only Helsinki shares in the equity savings account. You can invest at most €100,000 in an equity savings account (osakesäästötili), in one go or in several deposits. You can only deposit cash, not shares you already own.

Providers of the equity savings account

The table shows the providers that offer an equity savings account according to the provider's own pages. The price is the cheapest ordinary price class, and new-customer prices are marked. Calculate your own annual cost with the trading cost calculator.

Providers of the equity savings account monthly fee, ordinary price in Helsinki, markets, closing and transfer
ProviderMonthly feeHelsinki exchange, ordinary priceForeign sharesClosingTransfer outNotes
Nordnet€0/month0.15%, min. €7for new customers 2 mo.: 0.06%, min. €3yes€50€100 + security-specific transfer feesnew-customer price
OPSäästäjä package €0/month, Sijoittaja package €9.99/monthSäästäjä package: 0.15%, min. €5Sijoittaja package: 0.08%, min. €3no, only Helsinki and First North€51€81 (+ €25.50/other security type), closing €51only Helsinki shares in the equity savings account
Danske Bank€2.00/month0.20%, min. €8yesnot available€100
Nordea€2.45/month0.20%, min. €8yes€0€100
Ålandsbanken€4.00/month0.25% + €8not availablenot availablenot available

An equity savings account is not offered, according to the data, by: S-Bank, Säästöpankki (Avain Säästöpankki), POP Bank, Seligson & Co, Lightyear, Trading 212, Interactive Brokers, DEGIRO, eToro and Revolut (stocks). The offer could not be confirmed from the provider's own pages for: Aktia, Evli and Saxo. All providers: investment services compared.

Rules of the equity savings account

Deposit limit

Taxation

What can be held in the account

Changing bank

Who can offer an equity savings account?

The claim that only a Finnish operator can offer an equity savings account is not correct as such. The law also allows foreign EEA operators to offer it, but the account must be at a Finnish deposit bank or at the Finnish branch of a foreign bank.

In practice the providers of the equity savings account are Finnish banks and the Finnish branches of foreign banks (for example Nordnet and Danske Bank). None of the foreign apps we checked offers an equity savings account: Lightyear, Trading 212, Interactive Brokers, DEGIRO, eToro and Revolut (stocks).

Equity savings account or book-entry account?

The comparison shows the differences between the accounts as they are: taxation, eligible investments, deposit limit and the monthly account fees. Pankkitutka does not recommend either, because suitability depends on what you buy, how often you sell and how you invest.

Equity savings account and book-entry account taxation, eligible investments and costs
FactEquity savings accountBook-entry account
TaxationReturns are taxed only when you withdraw. Taxable part of a withdrawal = return / market value of the account x amount withdrawn; the provider makes a 30% advance tax withholding (ennakonpidätys) on the return, and the information goes to the pre-filled tax return.A capital gain is taxed when you sell. The capital income tax rate is 30% up to €30,000 and 34% on the part above €30,000.
What can be held in the accountShares that are traded on a regulated market or a multilateral trading facility in the EEA (e.g. Nasdaq Helsinki, First North), or on a comparable market outside the EEA, are eligible for an equity savings account, as are share issues that will be listed within a year. ETFs, funds, unlisted shares, bonds and derivatives are not eligible.Shares, funds and ETFs (depending on the provider's range).
Deposit limitYou can invest at most €100,000 in an equity savings account (osakesäästötili), in one go or in several deposits. You can only deposit cash, not shares you already own.No limit.
DividendsIn an equity savings account all returns, including dividends from Finnish listed companies, are taxable.In a book-entry account (arvo-osuustili) 15% of dividends from Finnish listed shares would be tax-free
LossesA loss can be deducted from capital income only in the year the equity savings account is closed, not at withdrawal.A capital loss is deducted first from capital gains of the same year and, from 2016 onwards, also from other capital income in the same year and the five following years. A loss is not deductible if both the acquisition costs and the selling prices total at most €1,000.
Deemed acquisition costNot used, because taxation is based on the return of the account at the time of withdrawal.Instead of the actual acquisition cost, you can deduct a deemed acquisition cost from the selling price: 20% if you owned the asset for less than 10 years, and 40% if for at least 10 years. The taxpayer can use the more favourable method. The deemed acquisition cost replaces the actual acquisition cost and expenses; purchase and selling costs are not deducted in addition to the deemed cost.
Foreign withholding taxWithholding tax deducted from foreign dividends cannot be credited in any situation in the taxation of an equity savings account; the net amount counts as return.Not a rule of this account: see the guide on taxation of foreign brokers.
Monthly account fee (providers in the data)€0.00 - €4.00€0.00 - €4.00

Deemed acquisition cost

In a book-entry account you can calculate the capital gain on a sale with the deemed acquisition cost instead of the actual acquisition cost. It is not used in an equity savings account.

Read also investing for beginners, index funds (funds are not eligible for an equity savings account) and taxation of foreign brokers.

Sources

Not investment advice. Investing involves risk. Pankkitutka compares costs and does not recommend individual investments or service providers. The value of investments can rise and fall, and you can lose the money you invest.

Data checked 16 October 2026. The rules may change, so check the current situation with the Tax Administration and the provider.

Frequently asked questions

How much can I invest in an equity savings account?

You can invest at most €100,000 in an equity savings account (osakesäästötili), in one go or in several deposits. You can only deposit cash, not shares you already own. The deposit limit rose from €50,000 to €100,000 on 1 January 2024. The limit applies to the capital deposited, not to the value of the account; withdrawals reduce the deposited amount. Source: Verohallinto: Osakesäästötili, updated 1 January 2026.

How is an equity savings account taxed?

Returns are taxed only when you withdraw. Taxable part of a withdrawal = return / market value of the account x amount withdrawn; the provider makes a 30% advance tax withholding (ennakonpidätys) on the return, and the information goes to the pre-filled tax return. In an equity savings account all returns, including dividends from Finnish listed companies, are taxable; in a book-entry account (arvo-osuustili) 15% of dividends from Finnish listed shares would be tax-free. A loss can be deducted from capital income only in the year the equity savings account is closed, not at withdrawal. The capital income tax rate is 30% up to €30,000 and 34% on the part above €30,000.

What can be held in an equity savings account?

Shares that are traded on a regulated market or a multilateral trading facility in the EEA (e.g. Nasdaq Helsinki, First North), or on a comparable market outside the EEA, are eligible for an equity savings account, as are share issues that will be listed within a year. ETFs, funds, unlisted shares, bonds and derivatives are not eligible. You may not invest from the account in a company if the saver and their close circle own at least one tenth of its shares or voting rights.

How much does an equity savings account cost?

In October 2026 monthly fees of equity savings accounts: Nordnet €0.00/month, OP €0.00/month, Danske Bank €2.00/month, Nordea €2.45/month, Ålandsbanken €4.00/month. A brokerage fee is charged on trading in addition. Cheapest for an occasional trader: €60.00/year: OP, Säästäjä package, note: only Helsinki shares in the equity savings account. Transferring to another provider costs money, and the price is in the provider's notes.

Can a foreign broker offer an equity savings account?

In October 2026 a deposit bank, a foreign EEA credit institution, an investment firm and a foreign EEA investment firm have the right to offer an equity savings account agreement (section 3). The equity savings account itself is, however, defined as an account at a deposit bank or at the Finnish branch of a foreign credit institution. In practice the providers are Finnish banks and the Finnish branches of foreign banks. None of the foreign apps we checked (Lightyear, Trading 212, Interactive Brokers, DEGIRO, eToro, Revolut) offers an equity savings account. Source: Laki osakesäästötilistä 680/2019.

Can I move an equity savings account to another bank?

You can move the assets of an equity savings account to another provider without selling the shares and without tax consequences. Transfer fees vary: Nordnet €100, OP €81, Danske Bank €100, Nordea €100, Ålandsbanken not available. See the exact price on the provider's page.

Which is better, an equity savings account or a book-entry account?

In October 2026 Pankkitutka does not give investment advice and does not name a better account. In an equity savings account the return is taxed only on withdrawal, but you can deposit at most €100,000 and can hold only shares. In a book-entry account you can also hold funds and ETFs, and in the taxation of a sale you can use the deemed acquisition cost: Instead of the actual acquisition cost, you can deduct a deemed acquisition cost from the selling price: 20% if you owned the asset for less than 10 years, and 40% if for at least 10 years. The taxpayer can use the more favourable method. The deemed acquisition cost is not used in an equity savings account. Not investment advice. Investing involves risk.