Fixed-term deposits in Finland are offered by 20 institutions across the market, with deposits covered by Finland's Deposit Guarantee Fund up to €100,000. Lock in only funds you can commit for the full term — early withdrawal penalties on fixed-rate bonds can wipe out months of interest; compare the AER, not the gross rate.
18 live fixed deposits offers tracked across 18 Finnish providers, with rates from 2.30% gross. Data current as of 23 October 2026 and updated daily from the Giraffy database.
18 live offers compared from 18 providers, from 2.30% gross. Updated daily.
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A fixed deposit, or määräaikaistalletus, is a savings product where you lock a lump sum with a Finnish bank for an agreed term — typically three months to five years — in exchange for a guaranteed interest rate. Unlike a flexible savings account, the money stays committed for the full period, and early withdrawal usually forfeits some or all of the interest. Fixed deposits appeal to Finnish savers who want certainty and capital protection rather than market exposure, and they became far more attractive once eurozone rates rose from their long spell near zero.
Deposit rates in Finland track the European Central Bank policy rate and Euribor benchmarks, so the return you are quoted reflects wider eurozone conditions rather than a purely domestic rate. Both traditional Finnish banks and Nordic and Baltic challengers compete for term deposits, and cross-border online banks passporting into Finland under EU rules often post the sharpest headline numbers. Interest is generally paid at maturity or annually, and yield on savings is subject to Finnish capital income tax, which the bank commonly reports to Verohallinto.
Guaranteed return — the rate is fixed for the whole term, so you know your interest to the euro regardless of what markets do.
Capital certainty — your principal is not exposed to share or bond price swings.
Deposit protection — eligible deposits are covered up to 100,000 euros per person per bank.
Discipline — locking funds away removes the temptation to dip into savings.
Compare the annual rate against the term length, and match the term to when you will genuinely need the cash, since breaking a deposit early is costly. Check whether interest is simple or compounded, the minimum deposit required, and how the money returns to you at maturity. For a cross-border online provider, confirm which country deposit guarantee scheme applies and how claims would be handled. Laddering several deposits with staggered maturities can keep part of your money accessible while still earning term rates.
Nordea and S-Pankki — large full-service banks offering term deposits alongside everyday accounts.
Aktia Bank and Säästöpankki — established Finnish banks with straightforward määräaikaistalletus products.
Ålandsbanken — an Åland-based bank offering term deposits to mainland savers.
Bigbank and Ferratum — deposit-focused challengers that frequently lead on headline rates.
Fixed deposits do not usually carry account fees — the bank profits from the spread on your money. Current term rates on offer sit broadly in the region of 2.3 to 3.8 percent depending on term and provider. The real cost to weigh is the early-exit penalty and the opportunity cost of locking funds if rates rise during your term. Remember that interest counts as capital income for Finnish tax purposes.
Finnish banks are supervised by Finanssivalvonta (the FIN-FSA), and deposits are protected by a national deposit guarantee scheme up to 100,000 euros per depositor per institution. For a challenger bank operating from another EU country, that 100,000-euro cover is provided by its home-country scheme, so it is worth confirming which authority stands behind your money before committing a large sum.
Can I withdraw early? Usually only with a penalty or loss of accrued interest, so treat the funds as committed for the term.
Is my money safe? Eligible deposits are guaranteed up to 100,000 euros per bank.
Is the interest taxed? Yes — deposit interest is capital income and reported to Verohallinto.
Does a longer term pay more? Often, but not always; when markets expect rate cuts, longer terms can be lower.
Giraffy tracks 18 fixed-rate deposit accounts across 18 banks in Finland. Sort by highest rate and compare term lengths to see which account suits your timeline.
A fixed-rate deposit (also called a fixed-term bond or term deposit) locks your money away for a set period — typically 3 months to 5 years — in exchange for a guaranteed interest rate. You agree the rate upfront, so rising or falling market rates don't change your return.
Yes — the Finnish Guarantee Fund protects up to €100,000 per person, per bank. Fixed deposits at Finanssivalvonta-regulated institutions are typically among the lowest-risk savings options available. Rates are guaranteed; your principal and interest are protected up to the scheme limit.
Most fixed deposits penalise early withdrawal — typically forfeiting 30–180 days of interest, depending on the institution and term length. Some accounts don't allow withdrawal at all before maturity. Check the early-exit penalty before locking in a large sum.
Fixed deposits pay a higher rate in exchange for locking your money away for a defined term. Easy-access accounts let you withdraw any time but pay a lower variable rate. If you have a cash lump sum you won't need for 6–24 months, a fixed deposit typically earns more.
At maturity, most banks automatically roll your deposit into a new term at the prevailing rate — which may be higher or lower than your original deal. Set a diary reminder to review and re-compare rates before auto-renewal if you want to ensure you get the best rate available.
Fixed deposit rates are closely linked to the central bank's benchmark rate. When Finanssivalvonta (the Finnish Financial Supervisory Authority) raises rates, banks tend to offer higher deposit returns — and vice versa. Comparing regularly helps you catch rate rises before banks reduce their offers.