Live offers across tracked providers in Finland — updated daily from the Giraffy database.
17 live offers compared from 17 providers, from 1.75% AER. Updated daily.
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A savings account, or säästötili, holds money you want to keep accessible while earning interest, unlike a fixed deposit that locks funds for a term. In Finland these accounts pay a variable rate, let you deposit and withdraw flexibly, and suit an emergency fund or short-term saving goals. After years of near-zero rates, higher eurozone interest rates have made savings accounts pay meaningfully again, prompting savers to compare rates rather than leave cash idle in a current account.
Savings accounts are offered by Finnish banks, Nordic challengers and EU fintechs, with rates tracking the ECB policy rate and Euribor. Some accounts pay a flat variable rate with instant access, while others offer a higher rate in return for limited free withdrawals per year. Rates can change at short notice, so the headline figure is not guaranteed for the future. Interest is taxed as capital income, and banks typically report it to Verohallinto, simplifying your tax return. After a long era of negligible returns, many Finnish savers had grown used to ignoring where their cash sat, but the return of meaningful rates has made shopping around genuinely worthwhile again.
Flexible access — deposit and withdraw without locking your money away.
Earns interest — puts idle cash to work at a variable rate.
Deposit protection — balances at licensed banks are covered up to 100,000 euros.
Emergency fund home — ideal for a readily accessible safety net.
Compare the variable rate, but note it can change, and check whether the top rate requires limiting withdrawals or holding a minimum balance. Decide between instant-access flexibility and a slightly higher rate with withdrawal limits based on how often you will dip in. For a challenger or fintech account, confirm which country's deposit guarantee applies. If you can commit part of the money for a set term, pairing a savings account with a fixed deposit can lift your overall return.
Nordea and OP — major banks offering flexible savings accounts.
S-Pankki and Aktia — banks with competitive säästötili products.
Säästöpankki and POP Pankki — cooperative and regional banks offering savings accounts.
bunq and N26 — EU fintechs offering app-based savings with variable rates.
Savings accounts do not usually charge fees, earning the bank a spread instead. Current variable rates on offer broadly range from around 1.75 to 3.5 percent depending on the provider and any conditions such as withdrawal limits. Because the rate is variable it can fall if eurozone rates drop, so the quoted figure is not locked in. Interest counts as capital income for Finnish tax, which the bank generally reports for you.
Licensed banks are supervised by Finanssivalvonta (the FIN-FSA), and savings deposits are protected up to 100,000 euros per depositor per bank under the national guarantee scheme. For an EU fintech, the equivalent cover is provided by its home-country scheme if it is a bank, or funds are safeguarded rather than guaranteed if it is an e-money provider — a distinction worth confirming for larger balances. Rate changes must be communicated under consumer rules.
Can I withdraw anytime? Instant-access accounts allow it; higher-rate accounts may cap free withdrawals.
Is the rate guaranteed? No — savings rates are variable and can change.
Is my money protected? Bank deposits are guaranteed to 100,000 euros; check the scheme for fintechs.
Is interest taxed? Yes — as capital income, usually reported by the bank to Verohallinto.
Giraffy tracks 5 savings accounts across Ålandsbanken Finland,Oma Säästöpankki,Resurs Bank Finland,Bank Norwegian Finland,Inbank Finland providers in Finland. Sort by highest rate and filter by account type (easy access vs. fixed) to find the best deal for your timeline.
Yes — the Finnish Guarantee Fund protects up to €100,000 per person, per bank. Always confirm your institution is Finanssivalvonta-regulated before depositing. If your balance exceeds the protection limit, spread funds across multiple separately-licensed banks.
p.a. (per annum) is the standardised rate that accounts for how often interest is compounded over a year. It's the fairest number to compare across accounts — always compare like-for-like using p.a. rather than the gross or monthly rate.
Easy access accounts let you withdraw your money at any time — rates are variable and may change. Fixed-rate bonds or term deposits lock your money away for a set period (usually 1–5 years) at a guaranteed rate, which is typically higher. Choose fixed if you don't need the funds before the term ends.
Tax on savings interest varies by country and income level. Check your country's tax authority guidance or speak to a financial adviser if your interest income is significant.
Yes — and it can be a smart strategy. Spreading savings across banks maximises your deposit protection (€100,000 under the Finnish Guarantee Fund per institution) and lets you earn the best rate at each bank. Just keep track of all accounts to avoid losing money to dormancy fees.
Most easy access accounts transfer funds to a linked current account within one working day, and many process withdrawals the same day. Some accounts restrict the number of free withdrawals per month — check the terms before you open one if flexibility matters to you.