Savings rates comparison 2026

Updated 16 October 2026

In October 2026 the highest savings account rate is 3.00% (Ferratum (Multitude Bank)) and the highest 12-month fixed-term deposit rate is 3.30% (Hypo (Suomen AsuntoHypoPankki)).

Quick picks

Best savings account rate3.00%Ferratum (Multitude Bank) (Savings account)no Finnish branchwithdrawal terms not stated
Best 12-month fixed-term deposit3.30%Hypo (Suomen AsuntoHypoPankki) (minimum €10,000)
Highest rate at a Finnish bankSavings account, free withdrawals0.25%Aktia (Savings deposit)Savings account, withdrawal restrictions1.70%Hypo (Suomen AsuntoHypoPankki) (Deposit account)withdrawal restriction12-month fixed-term deposit3.30%Hypo (Suomen AsuntoHypoPankki) (minimum €10,000)

Quick picks measure one thing at a time, not overall quality. In a tie, everything is listed. Only accounts where withdrawals are not restricted or where the withdrawal terms are not stated (marked), that is, no withdrawal-restricted accounts. It measures only the stated account rate. Tiered accounts whose stated rate applies only to the top tier (S-Bank S-Tuottotili (yield account) and Nordea EtuTili) are not included. Campaign rates are not included. Raisin partner banks are on a separate page. Fixed rate, campaign rates are not included. Among Raisin partner banks the highest 12-month rate is 3.30% (BluOr Bank), see the Raisin page. The bank's head office is in Finland and the deposits are covered by the Finnish deposit guarantee. Three separate measures: a savings account with free withdrawals, a savings account with withdrawal restrictions and a fixed-term deposit. No bank is named the best overall.

Savings account rates

Savings accounts rate, minimum deposit, deposit guarantee and withholding tax. Tiering, withdrawals and opening terms are behind the Terms button.
	Account			Deposit guarantee	Withholding tax
Ferratum (Multitude Bank)no Finnish branchwithdrawal terms not stated	Savings account	3.00%	not available	Malta	no Finnish withholding tax, declare it yourself
Tiering 3.00% (for the current account an additional 1% up to €10,000) Withdrawals Not stated on the page. Opening online Yes Requires a current account not available
Instabankno Finnish branchtax not withheld in Finland	High-interest savings account	2.70%	not available	Norway	not withheld in Finland, declare it yourself
Tiering 2.70% from the first euro up to €100,000 Withdrawals Two free withdrawals a year. Opening online Yes Requires a current account No
Collector (Norion Bank)deposit in the Swedish parent bank	Collector savings account	2.65%	€50	Sweden	not available
Tiering 2.65% for the whole balance (since 23 September 2026) Withdrawals Unlimited withdrawals without costs. Opening online Yes Requires a current account No
Bank Norwegianno Finnish branchtax not withheld in Finland	Savings account 31	2.55%	not available	Sweden	not withheld in Finland, declare it yourself
Tiering 2.55% for the whole balance Withdrawals Free withdrawal with 31 days' notice, otherwise 1.5% of the withdrawn amount. Opening online Yes Requires a current account No
Bigbankcampaign	Savings account	2.50%	not available	Estonia	Finnish withholding tax 30% (branch, not confirmed by the bank)
Tiering 2.50% current rate; for new customers 2.80% for the first 3 months Withdrawals No costs and no withdrawal limits. Opening online Yes Requires a current account No
Nordax Bankno Finnish branchshared deposit guarantee limit (NOBA Bank Group)	Nordax Tuottotili (yield account)	2.40%	not available	Sweden	no Finnish withholding tax, declare it yourself
Tiering 2.40% for the whole balance (since 23 January 2026) Withdrawals 12 free withdrawals a year, after that 1% of the withdrawn amount, at least €25. Opening online Yes Requires a current account No
Nordax Bankno Finnish branchshared deposit guarantee limit (NOBA Bank Group)	Nordax savings account	2.35%	not available	Sweden	no Finnish withholding tax, declare it yourself
Tiering 2.35% for the whole balance (since 23 January 2026) Withdrawals Unlimited free withdrawals; money to the reference account in 1-3 bank days. Opening online Yes Requires a current account No
Instabankno Finnish branchtax not withheld in Finland	Savings account	2.30%	not available	Norway	not withheld in Finland, declare it yourself
Tiering 2.30% from the first euro up to €100,000 Withdrawals No withdrawal limits and no withdrawal fees. Opening online Yes Requires a current account No
Klarnano Finnish branch	Klarna savings account	2.20%	not available	Sweden	no Finnish withholding tax, declare it yourself
Tiering 2.20% without a membership; Flex Plus 2.30%, Flex Premium 2.40%, Flex Max 2.70% (paid memberships) Withdrawals Money can be added and withdrawn at any time without withdrawal fees. Opening online Yes Requires a current account Yes
Resurs Bankonly via Raisin	Savings account (via Raisin)	2.20%	€1	Sweden	no foreign withholding tax (Raisin), declare it yourself
Tiering 2.20% for the whole balance Withdrawals Raisin savings accounts have no fixed term; withdrawals through the Raisin account. Opening online Yes Requires a current account No
TF Bankwithdrawal restriction	TF Bank savings account	2.05%	not available	Sweden	Finnish withholding tax 30%
Tiering 2.05% from the first euro (since 7 July 2025) Withdrawals Two free withdrawals per calendar year, after that 1% of the withdrawn amount (also applies when closing the account). Withdrawals with a withdrawal form, money to the account within five bank days. Opening online Yes Requires a current account No
Bank Norwegianno Finnish branchtax not withheld in Finland	Savings account Plus	2.00%	not available	Sweden	not withheld in Finland, declare it yourself
Tiering 2.00% for the whole balance Withdrawals 6 free withdrawals per calendar year, after that 0.5% of the withdrawn amount. Opening online Yes Requires a current account No
Svea Bank	Savings account	2.00%	not available	Sweden	Finnish withholding tax 30%
Tiering 2.00% for the whole balance Withdrawals Withdrawals without restrictions and without charges. Opening online Yes Requires a current account No
S-Bank	S-Tuottotili (yield account)	1.75% top tier	not available	Finland	Finnish withholding tax 30%
Tiering 0.01% for €0-4,999, 0.5% for €5,000-19,999, 1.5% for €20,000-99,999, 1.75% for €100,000 and over (the rate applies to the whole balance according to the tier reached) Withdrawals Deposits and withdrawals at any time without fees or restrictions. Opening online Yes Requires a current account Yes
Hypo (Suomen AsuntoHypoPankki)withdrawal restriction	Deposit account	1.70%	not available	Finland	Finnish withholding tax 30%
Tiering 1.70% (Hypo Prime 1.50% + 0.20%) Withdrawals Five free withdrawals a year; withdrawal request in mobile banking, by message or by phone. For withdrawals over €50,000, notice three bank days in advance. Opening online Yes Requires a current account No
bunqno Finnish branchwithdrawal restriction	bunq Savings Account (EUR)	1.61%	not available	the Netherlands	no Finnish withholding tax, declare it yourself
Tiering Bonus rate of 3.11% on all savings until the first threshold calculation; after that, up to the threshold 1.61% on the first €10,000 and 1.51% above that, and 3.11% on the part above the threshold Withdrawals Two free withdrawals per month (three after a year). Extra withdrawals cost back earned interest amounts (Paydays). Opening online Yes Requires a current account Yes
Alisa Pankkiwithdrawal restriction	Savings account	1.50%	not available	Finland	Finnish withholding tax 30%
Tiering 1.50% for the whole balance Withdrawals Six free withdrawals per calendar year, an extra withdrawal costs €9. Opening online Yes Requires a current account No
Bank Norwegianno Finnish branchtax not withheld in Finland	Savings account	1.50%	not available	Sweden	not withheld in Finland, declare it yourself
Tiering 1.50% for the whole balance Withdrawals Unlimited free withdrawals. Opening online Yes Requires a current account No
Revolutcampaignno Finnish branch	Instant Access Savings (EUR)	1.18%	not available	Lithuania	Lithuanian withholding tax, declare in Finland
Tiering Gross rates by plan: Standard 1.18%, Plus 1.18%, Premium 1.48%, Metal 1.77%, Ultra 2.36% up to €100,000 and 1.77% above €100,000 Withdrawals Deposits and withdrawals at any time; no fees. Opening online Yes Requires a current account Yes
Nordea	EtuTili	1.10% top tier	not available	Finland	Finnish withholding tax 30%
Tiering 0.40% for €0-9,999.99, 0.40% for €10,000-49,999.99, 0.90% for €50,000-99,999.99, 1.10% for €100,000 or more (tier by tier, Nordea Etukorko 1.90% minus a margin) Withdrawals Account transfers without restrictions. Opening online not available Requires a current account Yes
Nordnet	Deposit account (TT)	0.60%	not available	Sweden	Finnish withholding tax 30% (branch, not confirmed by the bank)
Tiering 0.60% for €0-250,000, 2.00% for the part above €250,000 Withdrawals No deposit or withdrawal restrictions. Opening online Yes Requires a current account No
Ålandsbankenwithdrawal restriction	Baltic Sea account	0.60%	not available	Finland	Finnish withholding tax 30%
Tiering 0.60% from the first euro Withdrawals Unlimited free account transfers digitally; at a branch 6 free withdrawals a year, after that 1% of the withdrawn amount. Opening online not available Requires a current account Yes
N26no Finnish branchtax not withheld in Finland	N26 Instant Savings	0.30%	not available	Germany	not withheld in Finland, declare it yourself
Tiering By plan (before tax, from 11 June 2025): Standard and Smart 0.30%, N26 Go 0.50%, Metal 1.50% Withdrawals Deposits and withdrawals at any time without penalty fees. Opening online Yes Requires a current account Yes
Aktia	Savings deposit	0.25%	not available	Finland	Finnish withholding tax 30%
Tiering 0.25% for the whole balance Withdrawals Deposits and withdrawals at any time; no withdrawal limit. A card or payment services cannot be linked to the account. Opening online not available Requires a current account not available
Danske Bankwithdrawal terms not stated	Danske savings account	0.25%	not available	Denmark	Finnish withholding tax 30% (branch, not confirmed by the bank)
Tiering 0.25% for the whole balance Withdrawals Suitable for regular withdrawals; the page does not mention withdrawal limits. Opening online not available Requires a current account Yes
Brocc	Brocc savings account (variable rate)	0.05%	not available	Sweden	Finnish withholding tax 30%
Tiering 0.05% Withdrawals All withdrawals are free. Opening online Yes Requires a current account No
Oma Säästöpankki	Savings deposit account	0.00%	not available	Finland	Finnish withholding tax 30%
Tiering 0.0% (fixed rate on the daily balance) Withdrawals Deposits and withdrawals at any time. Opening online No Requires a current account not available
OPshared deposit guarantee limit (banking group)	Savings account	linked to Euribor, no single rate	not available	Finland	Finnish withholding tax 30%
Tiering 0.40% (fixed) for €0-9,999, 3-month Euribor -0.70 percentage points for €10,000-49,999, 3-month Euribor -0.40 percentage points for €50,000 and over; applied tier by tier to each tier's share of the balance. In OP's calculator on 14 October 2026, with Euribor at 2.628%: 1.928% and 2.228% Withdrawals No withdrawal limits or withdrawal fees on op.fi or in OP-mobiili; money can be transferred from the account only to your own OP accounts. Opening online Yes Requires a current account Yes
Danske Bankwithdrawal restriction	Danske Kasvutili (growth account)	linked to Euribor, no single rate	not available	Denmark	Finnish withholding tax 30% (branch, not confirmed by the bank)
Tiering 0.5% (fixed) for €0-9,999.99, 3-month Euribor -0.9% for €10,000-49,999.99, 3-month Euribor -0.7% for €50,000-199,999.99, 3-month Euribor -0.5% for €200,000 and over (the rate of the tier applies to the whole balance) Withdrawals 5 free withdrawals a year, after that €6 per withdrawal. The account has no fixed term. Opening online not available Requires a current account Yes
Säästöpankkishared deposit guarantee limit (banking group)	Savings account	rate not published	not available	Finland	Finnish withholding tax 30%
Tiering Not published. Withdrawals Payments from the savings account can be made only to your own accounts. Opening online not available Requires a current account Yes
POP Bankshared deposit guarantee limit (banking group)withdrawal restriction	POP deposit account (continuous deposit account)	rate not published	not available	Finland	Finnish withholding tax 30%
Tiering Not published. Withdrawals According to Suomen Osuuspankki's price list, two free withdrawals per calendar month, extra withdrawals €5.00 each. Opening online not available Requires a current account not available
Ålandsbanken	Investment account	rate not published	€10,000	Finland	Finnish withholding tax 30%
Tiering Not published; interest is calculated on the lowest balance of the month, which must be €10,000. Withdrawals No deposit period restrictions; the account cannot be used through digital services. Opening online not available Requires a current account Yes
Raisin	Raisin account and partner bank products	rates by partner bank, see the Raisin page	€1	Germany	not available
Tiering See notes: rates by partner bank. Withdrawals Savings accounts have no fixed term; money generally cannot be withdrawn from fixed-term deposits during the deposit period, and partner banks may restrict early termination. Opening online Yes Requires a current account No

The rate is the standard rate stated by the provider for an ordinary customer. On tiered accounts, all tiers are shown in the Tiering column. Rows without a rate explain why the rate cannot be shown. The order is based only on the selected column.

Fixed-term deposit rates

Choose a term to see the rates, the minimum and maximum amounts and the terms for early withdrawal. The buttons come from the data. See also the separate fixed-term deposit comparison.

Fixed-term deposits rate, minimum and maximum deposit. Early withdrawal is behind the Terms button.
				Maximum
Hypo (Suomen AsuntoHypoPankki)	12 months	3.30%	€10,000	not available
Early withdrawal Not stated on the product page.
Bigbank	12 months	3.25%	€1,000	€100,000
Early withdrawal Not stated on the product page; see Bigbank's contract terms.
Brocc	12 months	3.25%	not available	not available
Early withdrawal Withdrawal fee of 2.5% of the withdrawn amount if the withdrawal is made before the end of the commitment period.
Säästöpankkishared deposit guarantee limit (banking group)	12 months	3.117%	€1,000	€100,000
Early withdrawal The product page does not say anything about early withdrawal; the general break cost of a fixed-term deposit in Optia's price list is €50.
OPshared deposit guarantee limit (banking group)	12 months	3.10%	€500	€100,000
Early withdrawal No withdrawals or extra deposits during the deposit period.
Klarnano Finnish branch	12 months	2.95%	not available	not available
Early withdrawal Klarna's page does not say anything about early withdrawal.
Alisa Pankki	12 months	2.80%	€500	not available
Early withdrawal Breaking the deposit before the due date costs 3% of the deposit principal.
Svea Bank	12 months	2.80%	€1,000	not available
Early withdrawal Withdrawals possible at any time: a fee of 2.5% of the withdrawn amount, at least €30; unlimited withdrawals.
Resurs Bankonly via Raisin	12 months	2.35%	€1	€100,000
Early withdrawal According to Raisin's general guidance, money generally cannot be withdrawn from a fixed-term deposit during the deposit period.
Nordearate only in online bankingperiod account	12 months JoustoTalletus account	2.25%	€500	€500,000
Early withdrawal Withdrawals at any time without a fee, but interest is paid only on the lowest balance of the period; at least €500 must remain on the account. If the account is closed during a period, no interest is paid for the current period.
bunqno Finnish branch	12 months	2.11%	€1,000	€100,000
Early withdrawal As for 3 months: 1% per remaining year, the interest is lost.
S-Bankrate only in online banking	12 months	shown only in online banking	€500	not available
Early withdrawal The product page does not say anything about early withdrawal; see the account terms.
Nordearate only in online banking	12 months Fixed-term investment account	shown only in online banking	€500	€100,000
Early withdrawal If you withdraw during the deposit period, the bank charges a break cost: a fixed €30 (accounts opened from 18 May 2018) and a possible refinancing cost.
Danske Bankrate only in online banking	12 months	shown only in online banking	€500	not available
Early withdrawal The deposit is tied for a fixed period and cannot be cancelled.
POP Bankshared deposit guarantee limit (banking group)	12 months	rate not published	not available	not available
Early withdrawal Not stated on the product page or in Suomen Osuuspankki's price list.
Oma Säästöpankki	12 months	rate not published	€1,000	not available
Early withdrawal Not stated on the product page or in the price list.
Aktia	12 months	rate not published	not available	not available
Early withdrawal Not published.
Ålandsbanken	12 months	rate not published	€10,000	not available
Early withdrawal If the deposit was opened at a branch, the money can be withdrawn early against a fee of 3% (of the deposit amount).
Saldo Bank	12 months	calculator example only, rate not published	€500	€100,000
Early withdrawal The deposit cannot be withdrawn during the deposit period (according to the page).

19 rows, 11 of them with a rate. Rows without a rate explain why the rate cannot be shown. The order is based only on the selected column.

How much does a deposit earn?

Enter the amount and the term, and choose whether to calculate each provider's best savings account or fixed-term deposit. You see the gross interest, the tax and the net interest. Accounts with withdrawal restrictions are included only if you choose so. Providers with missing information are left out, and the reason is given. Campaign rates are excluded by default.

Hypo (Suomen AsuntoHypoPankki)highest return€231.0012 months fixed-term deposit, rate 3.30%: gross interest €330.00, withholding tax €99.00 (30%), net interest €231.00
Bigbank€227.5012 months fixed-term deposit, rate 3.25%: gross interest €325.00, withholding tax €97.50 (30%), net interest €227.50
Brocc€227.5012 months fixed-term deposit, rate 3.25%: gross interest €325.00, withholding tax €97.50 (30%), net interest €227.50
Säästöpankkishared deposit guarantee limit (banking group)€218.1912 months fixed-term deposit, rate 3.117%: gross interest €311.70, withholding tax €93.51 (30%), net interest €218.19
OPshared deposit guarantee limit (banking group)€217.0012 months fixed-term deposit, rate 3.10%: gross interest €310.00, withholding tax €93.00 (30%), net interest €217.00

Not calculated (18): information is missing or the terms are not met

S-Bank: shown only in online banking
Danske Bank: shown only in online banking
POP Bank: rate not published
Oma Säästöpankki: rate not published
Aktia: rate not published
Ålandsbanken: rate not published
Revolut: no 12 months term available
N26: no 12 months term available
Bank Norwegian: no 12 months term available
Nordnet: no 12 months term available
Morrow Bank: no 12 months term available
TF Bank: no 12 months term available
Raisin: no 12 months term available
Saldo Bank: calculator example only, rate not published
Instabank: no 12 months term available
Ferratum (Multitude Bank): no 12 months term available
Collector (Norion Bank): no 12 months term available
Nordax Bank: no 12 months term available

Gross interest = amount x rate x term / 12 months, without compounding and assuming the rate stays the same. On tiered accounts the rate is calculated according to the amount. The withholding tax withheld by a Finnish bank and by the Finnish branch of a foreign bank is 30% of the interest. It is the tax on the interest, and it is not declared in income tax and not counted towards the €30,000 capital income threshold. If the bank does not withhold tax in Finland (the label "tax not withheld in Finland", Lithuanian withholding tax, Raisin or missing information), the interest is declared by you as capital income: the calculator uses the tax rate 30%, and the 34% tax rate applies to capital income above €30,000. The variable rate of a savings account can change. For savings accounts the calculation uses the provider's best account, and accounts with withdrawal restrictions (withdrawals limited, charged or requiring notice) are included only if you choose so. Campaign rates are left out by default, and a campaign calculation uses the campaign rate up to the limit set by the campaign terms. Banks with no rate and products whose terms are not met appear in the "Not calculated" list.

Deposit guarantee

A high rate does not tell you how your money is protected. Deposits in a Finnish bank are covered by the Finnish deposit guarantee, and the deposit guarantee of a foreign bank is provided by the bank's home state scheme. Deposit guarantee by the bank's home country:

Finland: S-Bank, OP, Nordea, Säästöpankki, POP Bank, Oma Säästöpankki, Aktia, Ålandsbanken, Alisa Pankki, Hypo (Suomen AsuntoHypoPankki)
the Netherlands: bunq
Lithuania: Revolut, Saldo Bank
Malta: Ferratum (Multitude Bank)
Norway: Instabank
Sweden: Svea Bank, Bank Norwegian, Nordnet, Morrow Bank, TF Bank, Resurs Bank, Klarna, Collector (Norion Bank), Nordax Bank, Brocc
Germany: N26, Raisin
Denmark: Danske Bank
Estonia: Bigbank

The cover in the EU is €100,000 per depositor per bank, and in the Swedish scheme the limit for banks operating without a Finnish branch is 1,150,000 Swedish kronor. The deposit guarantee of a foreign bank is always provided by the bank's home state scheme. If the bank has a branch in Finland that accepts deposits, the Financial Stability Authority pays compensation to the depositors of the Finnish branch from the funds of the home state scheme. The Financial Stability Authority does not take part in paying compensation for the banks Revolut, N26, bunq, Bank Norwegian, Klarna, Instabank, Ferratum (Multitude Bank), Collector (Norion Bank) and Nordax Bank.

OP Group, POP Pankki Group and Savings Banks Group each count as one bank for the deposit guarantee. For the NOBA Bank Group banks (Bank Norwegian and Nordax), the maximum compensation for a customer with deposits in both is €100,000 in total. Source: Rahoitusvakausvirasto: talletussuojajärjestelmän pankit (retrieved 16 October 2026).

Read more in the guide deposit guarantee.

Taxation and choosing

Withholding tax is deducted from the interest of a Finnish bank, but interest from a foreign bank without a Finnish branch is declared by you. Read the guides tax on savings deposits and savings account vs fixed-term deposit. The Raisin platform's partner banks and their rates are on the page Raisin. See also current account interest rate.

Deposits and investments are different things: deposits are covered by the deposit guarantee and their interest is known, whereas the value of investments can rise and fall and the deposit guarantee does not cover them. Pankkitutka does not give investment advice, but you can compare the costs of investment services on the page investing and read investing for beginners.

Providers (29)

Method

On 16 October 2026 we collected the interest rates of savings accounts and fixed-term deposits (määräaikaistalletus) from the banks that offer deposits to private individuals in Finland and from the Raisin deposit platform. The rates come from the banks' own rate and product pages, price lists and deposit information sheets; figures from comparison sites or news were not used. For banks that take deposits only through Raisin (Morrow Bank, Resurs Bank), the rates are from the bank's product page on raisin.com. The rates are nominal annual rates before tax for an ordinary customer without paid memberships; promotional rates are marked and the normal rate is given if it has been published. If a bank does not publish a rate (the offer is shown only in online banking or at a branch), the value is empty (null) and the reason is given. In the Säästöpankki and POP Bank groups the rates are set by each bank, so the example banks are Säästöpankki Optia and POP Bank Suomen Osuuspankki. The deposit guarantee information is from the Financial Stability Authority's deposit guarantee list and the banks' pages. Rates change often, so check the current rate with the bank before depositing.

Information checked 16 October 2026. The background figures (taxation and deposit guarantee) were collected from sources on 16 October 2026. Always check the current rate and terms with the provider.

Frequently asked questions

What is the best savings account rate?

In October 2026 the highest savings account rate is 3.00%: Ferratum (Multitude Bank) (Savings account; note: no Finnish branch, withdrawal terms not stated). Accounts with the best rates are often foreign, and their terms (deposit guarantee, taxation, withdrawals) differ from Finnish ones. A rate has not been published by every bank, and campaign rates are left out.

What is the best fixed-term deposit rate?

In October 2026 the highest 12-month fixed-term deposit rate is 3.30%: Hypo (Suomen AsuntoHypoPankki) (minimum €10,000). The highest rates by term: 1 month 2.25% (Bigbank), 3 months 3.20% (Brocc), 6 months 3.25% (Brocc), 9 months 3.15% (Hypo (Suomen AsuntoHypoPankki)), 12 months 3.30% (Hypo (Suomen AsuntoHypoPankki)), 18 months 3.30% (Brocc), 24 months 3.40% (Bigbank), 36 months 3.40% (Alisa Pankki, Ferratum (Multitude Bank) and Brocc), 48 months 3.45% (Brocc) and 60 months 3.50% (Brocc). Among Raisin partner banks the highest 12-month rate is 3.30% (BluOr Bank).

Which Finnish bank is best for a savings account or deposit?

In October 2026 among Finnish banks the highest savings account rate is 0.25%: Aktia (Savings deposit) and the highest 12-month fixed-term deposit rate is 1.70%: Hypo (Suomen AsuntoHypoPankki) (Deposit account; note: withdrawal restriction). Deposits in Finnish banks are covered by the Finnish deposit guarantee.

Is a savings account at a foreign bank safe?

The deposit guarantee of a foreign bank is provided by the bank's home state scheme, and in the EU the cover is €100,000 per depositor per bank. If the bank has no branch in Finland that accepts deposits, the Financial Stability Authority does not take part in paying compensation. In the data this applies to Revolut, N26, bunq, Bank Norwegian, Klarna, Instabank, Ferratum (Multitude Bank) and Nordax Bank. Source: Financial Stability Authority (Rahoitusvakausvirasto), retrieved 16 October 2026.

Is tax paid on savings interest?

Yes. A Finnish deposit bank and the Finnish branch of a foreign bank withhold 30% withholding tax on the interest, and interest subject to withholding tax is not declared separately. Banks operating without a Finnish branch do not withhold Finnish withholding tax, and the customer declares the interest as capital income: 30% up to €30,000 and 34% on the part above that.

What is Raisin and is it worth using?

Raisin is a deposit platform through which you can make deposits into the products of several European banks through a single account. The same bank may offer a different rate directly and through Raisin. Read the separate page Raisin 2026: how Raisin works and what rates it offers.