Organization : Nordea Bank
Facility : Apply for Perk Account
Country : Finland
Website : https://www.nordea.fi/
Apply for Perk Account :
A PerkAccount is intended for regular and continuous saving and it rewards you for your loyalty to Nordea.
Related : Mobile Bank Nordea Bank Finland : www.statusin.org/27981.html
It is a good idea to join our Customer Programme because the interest of your PerkAccount is determined on the basis of your programme level. Our Key Customers get the best interest.
Your benefits :
** A PerkAccount is suitable for regular saving.
** There are no limits to the deposit period and amount.
** You can freely withdraw funds and make credit transfers without restrictions.
** You can use the account as the management account of your fund portfolio and book-entry account.
** Interest is calculated on each day based on the daily closing balance.
** The account is covered by the deposit guarantee.
Determination of interest :
PerkAccount’s deposit interest is variable. The deposit interest is tied to the Nordea Prime rate so interest varies according to changes in the Nordea Prime.
Interest on your account is determined by your Customer Programme level. If your level changes, your interest rate will change accordingly.
In interest calculation, the Customer Programme level registered on the last banking day of each calendar month is applied. All interest rate changes enter into force on the first banking day of the month of the change.
Interest calculation method : Interest is calculated on the daily balance according to actual calendar days.
Taxation : In Finland, the deposit interest paid on accounts is subject to tax-at-source.
Terms & Conditions :
Determination of interest on deposits :
The deposit interest is variable. The deposit interest is tied to the Nordea Prime rate, which is reference rate quoted by the bank.
The interest rate changes in accordance with changes in the Nordea Prime rate on the date when change in the Nordea Prime rate comes into force.
The bank informs the account holder or other party authorized to use the account of the value of the deposit interest applicable to the deposit at any given time in its domestic places of business and on the bank’s website.
Determination of the account’s deposit interest percentage :
The account’s deposit interest percentage is determined based on the first account holder’s level in the bank’s Customer Programme. If the account holder’s level changes, the deposit interest percentage will change to correspond to the new level.
The interest calculation is made based on the Customer Program level on the last banking day of each calendar month.
The interest change will take place on the first banking day of the month in which the account holder’s level in the Customer Programme changed. The bank will not notify the account holder separately of the interest change.
The bank’s Customer Programme has different levels. The levels are available in the at any given time valid Perk Account product sheet and on the Internet at the bank’s website.
The deposit interest margin and the minimum and maximum deposit interest percentages are included in the bank’s Customer Programme.
The bank determines for each Customer Programme level a deposit interest margin and a minimum and maximum deposit interest percentages above which the deposit interest cannot rise or below which it cannot fall.
When the content of the Customer Programme is changed, the bank can also change the deposit interest margin and the minimum and maximum percentages.
In this case the changes concerning the deposit interest come into force on the date the Customer Programme is changed. The bank does not notify the customers in advance of changes in the Customer Programme or in the related deposit interest margin or the minimum and maximum percentages.
The at any given time valid deposit interest margin and the minimum and maximum deposit interest percentages based on the Customer Programme are available in the at any given time valid Perk Account product sheet.
The product sheet can be obtained from all of the bank’s Finnish places of business and on the Internet at the bank’s website.
Special interest :
Instead of normal deposit interest, the bank can pay a higher special interest on the account for a fixed period, which is paid in a way determined by the bank.
When the special interest period ends, the interest percentage of the account will on the next calendar day automatically be changed to the level corresponding to the Customer Programme level.
The account holder or other person authorized to use the account can obtain information on the value of the interest applied to the deposit at any given time at the bank´s places of business in Finland.
Deposit interest calculation method : The bank pays deposit interest as of the value date of the deposit until withdrawal date, excluding the withdrawal date, or as of any legally allowed date.
Deposit interest is paid until the value date of a withdrawal, excluding the withdrawal date. The interest is calculated based on the daily balance for actual calendar day using 365/366 as the divisor.
Payment of interest on deposits : The interest is paid to the account annually during the month following the month corresponding to the opening month.