Fixed-term High-yield Account

Steady return on a single deposit.

The fixed interest rate on the account guarantees a steady and safe return on your savings

The interest rate on the Fixed-term High-yield Account remains the same throughout the deposit period. So you'll know exactly how much interest you will earn on your deposit.

With a term deposit, you can easily deposit your savings for a period that suits you

You can choose a deposit period between one month and one year. When you select a longer deposit period, your savings will accrue more returns.

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 will be used to cover charges and fees for banking and insurance services. As an owner-customer, you will get 40% more OP bonuses than normal in 2024.

Open a Fixed-term High-yield Account

What is a Fixed-term High-yield Account?

The Fixed-term High-yield Account is a fixed-rate account for short-term saving for up to one year. Save the amount of your choice into the account and choose a deposit period suitable to you. Your savings will earn fixed interest throughout the deposit period.

Choose the amount deposited into the account and the deposit period so that and you can easily keep your savings in the account until the end of the deposit period and you don't need to use them before the end of the deposit period.

You can see the interest rate of the account before opening it when you log in to the op.fi service. At the same time, you can test how much return you will earn on your savings with various deposit periods. You can then open the account by accepting the account agreement.

How to make a term deposit

Deposit 500–100,000 euros in the Fixed-term High-yield Account when you open the account. If you wish to deposit a larger amount, please book an appointment with your own OP cooperative bank.
Choose 1–12 months as the deposit period for the account.
When you open the account, you'll see the fixed deposit interest rate on your account.
When the deposit period ends, you'll get the amount of your deposit, and you'll be paid accrued interest income.

Deposit interest rate Determination of interest, payment, taxation

The interest rate on the Fixed-term High-yield Account is fixed, meaning that it remains the same throughout the deposit period. You'll see the interest rate when you open the account.

The interest on a term deposit of up to one year will be paid into your account once the deposit period has ended. If the deposit period is longer than a year, the interest will be paid both annually and once the deposit period has ended.

Tax treatment

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

Check the interest on your account

You can check the interest rate on your account by logging in to op.fi service or OP-mobile using your OP user ID. If you do not have an OP user ID, you can call our Customer Service at 0100 0500 (local/mobile network rate). Our Customer Service will advise you on the easiest way to check your account's interest rate.

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

1. Log in to the op.fi service.
2. In the main menu, open the section Rahat (Money) and select Tilit and then Omat tilit (Accounts, My accounts).
3. After this, select Tilien tiedot (Account details) and Tietojen muokkaus (Edit details).
4. You then need to select the account whose details you want to view.

Log into op.fi and go to account details

How to check the interest rate on your account 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.

Opening and using the account

Open an account conveniently by logging into the op.fi service.
Deposit 500–100,000 euros as a one-time deposit into the account when you open the account. You cannot deposit more money into the account after you have opened it.
Choose 1–12 months as the deposit period.
You cannot withdraw money from the account during the deposit period.
When the deposit period ends, you'll get the amount you deposited into the account you have indicated, and you'll be paid accrued interest income.

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 with 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.

Deposit guarantee protects a depositor's funds on an account if the deposit bank becomes insolvent. If a deposit bank is declared bankrupt or is in permanent default, the Financial Stability Authority pays compensation to the bank’s depositors from the Deposit Guarantee Fund.

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.