Growth Return Account

Interest-bearing account for long-term saving.

Save and store your funds in the account in a profitable and convenient manner

You can use the Growth Return Account to save regularly and make single deposits at your own pace. When the need arises, you can use savings in the account 4 times a year, free of charge.

The account’s interest rate will increase gradually when you deposit more into the account

The entire amount saved in your Growth Return Account will accrue a higher interest when the savings in your account exceed the new interest step. Use the interest rate calculator to easily calculate how much you could currently earn on your savings.

Go to the Growth Return Account interest rate calculator >

As an OP cooperative bank owner-customer, your savings will earn you OP bonuses

Owner-customers earn OP bonuses on their savings in the account. The bonuses are used to cover banking and insurance service charges and fees. As an owner-customer, you will earn 40% more OP bonuses until the end of 2025 compared to the normal level of 2022.

Open a Growth Return Account

Do you want to save in your account more flexibly than before?

The new Savings Account is for easy and flexible saving. You can make deposits to the account and use your account savings anytime, without withdrawal limits or charges.

Learn more and open a Savings Account

What is the Growth Return Account?

The Growth Return Account is an interest-bearing account suitable for continuous long-term saving. You can use the account to save regularly in your own time or make single deposits. The Growth Return Account also acts as a joint savings account, and you can grant account access rights to another person.

A Growth Return Account is best suited for long-term saving and storing funds in an account. For this reason, it pays to deposit savings that you have not earmarked for active use right now. However, you can withdraw money from the account for free up to four times a year whenever the need arises. A service fee of 10 euros will be charged for subsequent withdrawals of savings. Savings in the account are protected with a deposit guarantee. The maximum deposit in this account is 300 000 euros.

Open a Growth Return Account by logging in to the op.fi service, booking an appointment with an OP cooperative bank or by contacting OP Customer Service.

When you deposit at least 10 000 euros into a Growth Return Account, your account’s interest will rise significantly. Try out the interest rate calculator and find out how much interest your savings will earn at this moment. You can find the calculator at the end of this page.

For whom is the Growth Return Account suitable?

The Growth Return Account suits you if you want

a convenient way to save money in an account
to store your funds in the account for the long term
interest on your savings
to open a joint savings account or grant account access rights to another person
to earn OP bonuses on your savings if you're an owner-customer.

What is the interest rate on Growth Return Account?

A Growth Return Account includes three interest steps that affect the deposit facility rate paid on your savings. The account’s interest rate increases according to the interest steps when your savings in the account grow. Therefore, you can receive a higher interest rate when you save more in the account.

The total amount deposited in a Growth Return Account is always subject to the interest rate of the interest step that the savings have reached. For example, when you reach the second interest step by saving over 10 000 euros in the account, an interest rate according to the second interest step will be paid for the entire sum deposited. Read more about the determination of interest under "Deposit interest rate".

Growth Return Account interest rate calculator

Calculate an estimate of your savings' deposit interest and interest yield. You can also test the effect of a change in the Euribor rate on the account interest rate.

How much would you like to deposit?

‍

€

3-month Euribor

(3.4.2025)

2,323 %

The Euribor rate affects step 2 and step 3 deposit interest rates.

See how interest yield changes at different Euribor rates‍

Your estimated yield per year

0,00 €

Deposit interest rate

0,400 %

Bonus earned by owner-customer per year

0,00 €

Applied step

1. step

Your estimated yield 0,00 € is based on the interest rate of step 1.

Deposit	Interest rate	Yield
Step 1 (0 - 9 999 €)
0 €	0,400 %	0,00 €
Step 2 (10 000 - 49 999 €)
-	1,423 %	-
Step 3 (50 000 - 300 000 €)
-	1,823 %	-

The first step interest rate is a fixed 0,40 %. The second step interest rate is the 3-month Euribor less a margin of 0,90 percentage points. The third step interest rate is the 3-month Euribor less a margin of 0,50 percentage points.

Deposit interest rate Determination of interest, payment and taxation

The interest steps of the account

A Growth Return Account has three interest steps. The deposit interest rate in the first step is fixed at 0.40%. In the second and third steps, the interest rate on savings is a variable rate based on the 3-month Euribor minus the bank's margin. The interest rate in the second and third steps is always at least 0.40% and no more than 6.00%. You will be able to view the account’s interest rate when you open the account.

Interest step	Deposit amount	Deposit interest
1st interest step	0–9 999 €	Fixed 0.40%
2nd interest step	10 000–49 999 €	3-month Euribor from which a margin of 0.90 percentage points has been subtracted
3rd interest step	50 000–300 000 €	3-month Euribor from which a margin of 0.50 percentage points has been subtracted

The name of the Euribor rate indicates the time during which the Euribor remains unchanged. This means that Euribor rates in the second and third step are adjusted every three months from the account’s opening date. The reference rate of Growth Return Account is determined based on the rate quoted on the adjustment day.

You can check the current Euribor rates on the Bank of Finland’s website.

Go to the Bank of Finland website

Calculation and payment of deposit interest

The account’s interest is calculated individually for each day’s balance.

The deposit interest will annually be added to the account's funds on 1 January and it can be withdrawn before mid-January, unless otherwise agreed in the account agreement. You can check the interest payment day from your account agreement. You can find the electronic account agreement in My archive. The paper account agreement has been sent by post or given at the meeting.

Taxation

Tax at source is charged on each interest payment. You do not need to report the deposit and earned interest in taxation.

Check how your account's interest rate is determined

You can check how the interest rate on your account is calculated by logging in to op.fi service or OP-mobile using your OP user ID.

How to check how the interest rate on your account is calculated in the op.fi service:

1. Log in to the op.fi service.
2. In the main menu, open the section Money and select Accounts and then My accounts.
3. After this, select Account details and Edit details.
4. You then need to select the account whose details you want to view.

Log into the op.fi service and go to account details

How to check how the interest rate on your account is calculated in OP-mobile:

1. Log in to OP-mobile.
2. Select the account whose interest rate information you want to view.
3. Go to Account settings by tapping the gear icon.
4. Select Account interest rate.

Deposit interest examples

Example 1: First interest step

The amount saved to the Growth Return Account is 5 000 euros. Deposit interest is paid on the savings according to the first step, or 0.40%.

Example 2: Second interest step

The amount saved to the Growth Return Account is 15 000 euros. Deposit interest is paid on the savings according to the second step. If the 3-month Euribor were 3.60%, for example, a margin of 0.90 percentage points would be subtracted from it, in which case the interest rate would be 2.70%. The Euribor rate is adjusted every three months from the account’s opening date.

Example 3: Third interest step

The amount saved to the Growth Return Account is 60 000 euros. Deposit interest is paid on the savings according to the third step. If the 3-month Euribor were 3.60%, for example, a margin of 0.50 percentage points would be subtracted from it, in which case the interest rate would be 3.10%. The Euribor rate is adjusted every three months from the account’s opening date.

Example 4: Minimum and maximum interest rate of the account

The interest rate in the second and third steps of the Growth Return Account is always at least 0.40% and no more than 6.00%, regardless of changes to the 3-month Euribor rate.

Using a Growth Return Account

Opening an account

As a customer of OP, you can conveniently open a Growth Return Account through the op.fi service. You can open the account through the op.fi service when you have a banking relationship with OP, you have OP's user ID, you are aged 18 or over and you have a permanent address in Finland.
If you are a customer of OP but you do not have an OP user ID, you can also book an appointment to a branch. Select Personal Customer, Saving and Investing – Saving as the booking subject.

Access to account

You can transfer funds to the Growth Return Account from your Current Account. You can also make credit transfers from another bank group.
You can withdraw cash from the Growth Return Account or transfer money to another account for no charge four times per year. A service fee of 10 euros will be charged for subsequent withdrawals of savings.
Monitor your Growth Return Account’s transactions and transfer money easily on OP-mobile or at op.fi.
The account is without a monthly charge.
A Growth Return Account is designed for saving. Account access instruments, such as a card, cannot be linked to the account.

Set safe transaction limits for your account

You can easily change the transaction limits for your accounts on OP-mobile and in the op.fi service. Considering that such daily limits make it safer to use the account, you should set them. You can change the limits temporarily when you make bigger purchases, for example.

You can set two types of transaction limits for your account:

For the biggest possible one-time withdrawal
For the total daily withdrawals, or the maximum amount of money you can withdraw within one day.

The transaction limits relate to:

cash withdrawals
real-time credit transfers and
card payments which are automatically checked against during payment whether the account has sufficient funds.

The transaction limits do not affect the amounts submitted to the payment service payable on the due date.

Read the instructions for changing the transaction limits of your account

Also set security limits for each card

It is advisable to set card-specific security limits with which you specify daily limits for cash withdrawals, POS payments and online payments.

You can change your cards’ security limits on OP-mobile and in the op.fi service. You can also call our Customer Service or visit an OP cooperative bank branch.

You can set the limits separately for your card's debit and credit sides.

Change your cards' security limits (requires login)

Opening an account as a customer of another bank

If you want to open an account and are not yet OP's customer, you can become OP's customer and activate banking services digitally as well. Daily banking services include a Current Account, diverse digital services, an OP user ID and a card. You will only need 15 minutes for digital customer onboarding, banking user identifiers issued by a Finnish bank and a phone on which you can receive SMSes. You will be able to transfer money to your new account the day after opening the account.

Read more about how to become a customer; become a customer or make an appointment with a bank branch through the link on this page:

Become OP’s customer | Switch banks

Deposit guarantee

Savings on the account are protected by a statutory deposit guarantee. The maximum compensation for guaranteed deposits is EUR 100,000 for the deposits made in a single deposit bank. OP Financial Group member banks are considered a single bank from the perspective of the deposit guarantee.

Owner-customer's OP bonuses and benefits from banking services

As an OP cooperative bank owner-customer, you get OP bonuses that decrease your banking and insurance service charges. As an OP cooperative bank owner-customer, you get 40% more OP bonuses compared to the normal level of 2022. We will continue the familiar benefit until the end of 2025.

OP bonuses come from

funds in savings accounts
home loans, student loans and secured bank loans
mutual fund units and unit-linked insurance
paid insurance premiums, such as home and motor vehicle insurance and continuous travel insurance.

OP bonuses are tax-free. Because of that they are automatically used for loan service and origination fees and insurance premiums, among other things.