OP savings rates 2026: savings account and fixed-term deposit
In October 2026 OP pays 3.10% on a 12-month fixed-term savings account and 2.70% on a 6-month deposit (rates of 6 October 2026). The rate of OP's savings account is tiered: 0.40% for the part under €10,000 and 3-month Euribor minus 0.70 or 0.40 percentage points for the parts above it.
OP savings accounts
| Account | Rate | Tiering | Withdrawals | Minimum | Rate can change | Fees |
|---|---|---|---|---|---|---|
| Savings account | linked to Euribor, no single rate | 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% | 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. | not available | Yes | No opening fee or monthly fee. |
- Savings account: The rate of tiers 2 and 3 is always 0.40-6.00% and is reviewed every 3 months from the account opening date. An owner-customer (omistaja-asiakas) also gets 0.28% in OP bonuses (taxable capital income from 1 January 2026). Requires an OP customer relationship.
OP fixed-term deposits
| Term | Rate | Minimum | Maximum | Early withdrawal |
|---|---|---|---|---|
| 6 months | 2.70% | €500 | €100,000 | No withdrawals or extra deposits during the deposit period. |
| 12 months | 3.10% | €500 | €100,000 | No withdrawals or extra deposits during the deposit period. |
- 6 months: Fixed-term savings account, rate of 6 October 2026. Deposit period 1-36 months; online €500-100,000, larger amounts at your own cooperative bank. An owner-customer also gets 0.28% in OP bonuses. The rates for other deposit periods are shown only when opening the account.
- 12 months: Fixed-term savings account, rate as of 6 October 2026 (as featured on OP's account page: 3.10% for 12 months). The rate is set on the deposit day. An owner-customer also gets 0.28% in OP bonuses.
Terms and opening an account
| Fact | Value |
|---|---|
| Head office | Finland |
| Opening online as a new customer | Yes |
| Requires a current account or customer relationship | Yes |
| Information checked | 16 October 2026 |
Deposit guarantee and taxation
Finnish deposit guarantee (Financial Stability Authority), €100,000 per depositor. Group rule: all member credit institutions of OP Group (the cooperative banks and OP Yrityspankki) count as one bank for the deposit guarantee, so deposits in different cooperative banks are protected up to a combined €100,000.
Withholding tax: Finnish withholding tax 30%. The bank withholds 30% withholding tax, and the interest is not declared separately. Withholding tax does not count towards the 30% / 34% capital income tax rate threshold. Read more in the guides deposit guarantee and tax on savings deposits.
Calculate the return
Enter the amount and the term in the savings rates calculator to see the gross interest, the tax and the net interest of OP compared with other providers. See all providers in the savings rates comparison.
See also
- Savings rates comparison
- Fixed-term deposits compared
- Savings account vs fixed-term deposit
- OP price list and service fees
Similar savings rates
Sources
- OP: Määräaikainen säästötiliretrieved 16 October 2026
- OP: Säästötiliretrieved 16 October 2026
- OP: Tilit ja tilisäästäminenretrieved 16 October 2026
- Rahoitusvakausvirasto: Talletussuojajärjestelmän pankitretrieved 16 October 2026
Information checked 16 October 2026. Always check the current rate and terms with the provider.
Frequently asked questions
How much interest does OP pay on a savings account?
In October 2026 OP savings accounts and rates: Savings account linked to Euribor, no single rate. Note: shared deposit guarantee limit (banking group).
What is the fixed-term deposit rate at OP?
In October 2026 OP fixed-term deposit rates: 6 months 2.70% and 12 months 3.10%. The terms for early withdrawal vary, and they are shown in the table on the page.
Is a deposit at OP safe?
Finnish deposit guarantee (Financial Stability Authority), €100,000 per depositor. Group rule: all member credit institutions of OP Group (the cooperative banks and OP Yrityspankki) count as one bank for the deposit guarantee, so deposits in different cooperative banks are protected up to a combined €100,000. The cover limit in the EU is €100,000 per depositor per bank.
Is withholding tax deducted from the deposit interest at OP?
Finnish withholding tax 30%. The bank withholds 30% withholding tax, and the interest is not declared separately. Withholding tax does not count towards the 30% / 34% capital income tax rate threshold.